Meta's stock just wrapped up its ninth straight monthly gain as Wall Street cheers cost cuts
Publishing timestamp: 2023-07-31 23:28:39
Summary
Meta's stock closed out its ninth straight monthly gain, marking the longest such rally since the company's 2012 IPO. The company's online ad business appears stable compared to rivals like Snap. Meta has been one of the best performers in the S&P 500 this year after a significant drop in value in 2022. The company's investments in AI, short-video services like Reels, and new products like Threads have given investors hope for the future. Despite concerns about regulatory issues and competition, Meta's stock is on the rise and investors are optimistic about the company's turnaround.
Sentiment: POSITIVE
Keywords: mark zuckerberg, technology, nvidia corp, social media, mobile, internet, breaking news: technology, business news, meta platforms inc, apple inc,
Source: https://www.cnbc.com/2023/07/31/metas-stock-just-wrapped-up-its-ninth-straight-monthly-gain.html