Zuckerberg wins on Wall Street after Washington hit - BBC News
Meta shares surge as it reports a jump in users, ad sales and profits, despite Washington concerns.
5 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty IMagesImage caption, Mark ZuckerbergBy Natalie ShermanBusiness reporter, New YorkMark Zuckerberg's Meta had a bad day in Washington this week. But on Wall Street, it took a victory lap.
The social media firm updated investors with a slew of good news: quarterly profits that tripled year-on-year to more than $14bn (£11bn), a surge in users, lower costs and higher ad sales.
Even its much ridiculed, money-losing virtual reality unit hit a milestone, generating $1bn in revenue.
Lest anyone doubt its confidence, the company declared a first-ever dividend.
That is a payout to shareholders - in this case of 50 cents per share.
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