Meta Platforms has experienced a significant turnaround since 2022, culminating in a remarkable stock performance and achieving an all-time high in 2024. The company's core advertising business reported a 22% increase in revenue and a 39% rise in operating income, highlighting its recovery from previous hurdles. With a vast user base of 3.35 billion daily active users, Meta continues to maintain high engagement levels which support its robust advertising revenue stream. As these metrics improve, investors are left contemplating whether to buy in or take profits.
The turnaround efforts of Meta Platforms have resulted in significant stock performance, leading to an all-time high in 2024, showcasing its robust recovery and growth potential.
Meta's core advertising business experienced a remarkable 22% revenue growth, with a 39% increase in operating income, indicating a sustained recovery and profitability.
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