Meta shares are up 170% in five months despite virtually no revenue growth
Publishing timestamp: 2023-04-27 14:46:30
Summary
Meta's revenue growth has been meager, but the stock has soared due to cost-cutting efforts and potential for revenue growth from newer products like Reels. The metaverse project continues to lose money, but there is enthusiasm for AI investments and potential for multiple expansion.
Sentiment: MIXED
Keywords: breaking news: technology, social media, mobile, meta platforms inc, technology, internet, microsoft corp, mark zuckerberg, business news,