Facebook stock surges over 6% hitting all-time high
Facebook stock surged on Thursday by more than 6% hitting the all-time high after the company announced its own version of TikTok called Reels that will be now included as a feature of its Instagram app.
TikTok allegedly has around 100 million users in the United States and Facebook hopes to capture some of that market.
At 2:19 pm ET the stock price came to an all-time high gaining 6.43% selling for $265.06.
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