Meta shares rocket 23%, one of the best days in over a decade
Publishing timestamp: 2023-02-02 16:00:58
Summary
Meta shares jumped over 23% on Thursday, with analysts enthusing about trimmed costs and strengthening products. Meta beat topline estimates with $32.17 billion in revenue, and CEO Mark Zuckerberg's commentary was well received. Zuckerberg has led the company's pivot towards virtual reality, which has earned him criticism from analysts and investors.
Sentiment: POSITIVE
Tickers: META,
Keywords: stock markets, mark zuckerberg, advertising, technology, meta platforms inc, earnings, social media, internet, business news,