Meta Platforms recorded the largest one-day increase in market value at the time, gaining about $197 billion on February 2, 2024.
The jump followed Meta’s quarterly report, which showed stronger-than-expected results and announced the company’s first dividend. Investors also reacted positively to cost reductions and robust advertising revenue. The share-price surge added roughly $197 billion to Meta’s market capitalization in a single session.
Meta Platforms was known as Facebook until its corporate rebranding in October 2021. The company owns Facebook, Instagram, WhatsApp, and Messenger, although its corporate name and its largest social network no longer match.
The record refers to the dollar amount added to market value, not the highest percentage gain. A larger company can add more dollars with a smaller percentage move. Meta’s one-day gain was later challenged or surpassed by other market events, so the phrase “at the time” is important when describing the milestone.