Facebook stocks reach record high after earnings

Thursday, 29. April 2021 15:48

The shares of Facebook Inc. surged more than 6% on Thursday to reach new record-highs a day after the tech giant reported its first-quarter earnings results.

Facebook's revenue soared 48% to $26.17 billion, beating expectations, while its monthly active users jumped a little less-than-expected 10% to 2.85 billion. Earlier this month, a report suggested Facebook plans to launch its digital currency Diem later this year.

The company's stocks climbed 6.68% to trade for $327.52 per share at 9:47 am ET. Looking at the data, Facebook's stock has advanced nearly 20% since the start of the year.

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Breaking the News / ND