Meta surged 20.3% throughout the day, with its stock price reaching a new high and its market value increasing by $19.7 billion in a single day, breaking a record for a single day increase in market value. The company released strong financial results after hours on Thursday and announced that it will implement its first quarterly dividend payout and a $50 billion stock repurchase plan. The personal wealth of co-founder Zuckerberg of the company has also skyrocketed, with his net asset value skyrocketing by $28 billion in a single day.