Meta shares close at a record as last year's mega rally continues
Publishing timestamp: 2024-01-19 17:18:05
Summary
Meta's shares reached a new record high, rising nearly 2% to $383.45. The stock has fully rebounded from a difficult year in 2022, thanks to CEO Mark Zuckerberg's cost-cutting efforts. Investors are pleased with the company's performance, and Meta's market cap is still below its record due to share buybacks. The company's position in the artificial intelligence market is also contributing to investor optimism.
Sentiment: POSITIVE
Keywords: nvidia corp, meta platforms inc, social media, breaking news: technology, technology, business news, mobile, internet,
Source: https://www.cnbc.com/2024/01/19/meta-shares-close-at-a-record-as-last-years-rally-continues.html