Meta and Amazon add $270 billion in market cap — more than Netflix is worth

Fri, 02/02/2024 - 09:40

Mark Zuckerberg presents at the Meta Connect event in September 2023. — Mark Zuckerberg presents at the Meta Connect event in September.
Josh Edelson/AFP/Getty Images

Meta and Amazon shares soared Friday.
The Big Tech giants' gains came after they posted stellar results for the last three months of 2023.
Apple had a rougher ride, dipping 3% at the opening bell as sales in China disappointed.

Meta Platforms and Amazon added more than a quarter of a trillion dollars to their combined valuations on Friday as the Big Tech stocks soared after strong fourth-quarter earnings reports.