Meta & The Push For Cash in Tech 2/2/24

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 2 February 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A big week of tech earnings, and all in all, business remains good. Profitability is increasing. And these giant tech companies – META front and center today, they’re returning a lot of cash to shareholders. Could this be a sign of more to come?

Transcript

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0:00.0	a big week of tech earnings and all business remains good.
0:04.8	Profitability is increasing and these giant tech companies
0:09.2	they're returning a lot of cash to shareholders.
0:11.8	Could this be a sign of more to come?
0:16.2	It is Friday, February 2nd.
0:17.8	Welcome to the Tech Check Podcast.
0:19.9	I am Mark Gilbert with Deirdreboza.
0:22.3	Hello, the Happy Friday. Happy Friday. I am Mark Dilbert with dear tech earnings plus the Super Bowl of this weekend.
0:33.0	Just a lot going on.
0:34.5	You said business remains good.
0:36.5	Let me correct.
0:38.2	Business remains great.
0:40.5	I mean, these mega cap companies, they're waiting in the broader markets has just been
0:45.8	increasing increasing and they keep executing and keep delivering and like the one
0:50.1	mega cap so far that hasn't like how to you know shares are down on the quarter well I mean we can
0:56.4	talk about Apple too but Google right the one of the week though that I think is catching
1:02.4	investors attention is meta with that
1:05.0	surprise dividend I don't think anyone saw that coming and shares are spiking what
1:09.4	were they have like 21% at one point just today yeah I think there's still up 21% right now.
1:14.7	Just a complete re-rating for Meta-Shareres.
1:16.9	I agree.
1:17.3	I mean, that's easily the most interesting one.
	...

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