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Meta Platforms to Potentially Announce Major Stock Split
On October 29, 2023, Meta Platforms (NASDAQ: META), valued at nearly $2 trillion and currently trading over $700 per share, could announce one of the largest stock splits in history. This would mark the first time Meta has split its stock.
If the announcement occurs, it would be a significant event as Meta is the sixth-largest company globally, and only Nvidia’s stock split would have been larger in 2024 when it was valued at about $3 trillion. Most companies experience a slight increase in stock price upon announcing splits, making this event noteworthy for investors.
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