Meta Platforms (NASDAQ: META) has experienced a remarkable recovery, climbing 14% over 10 days to approximately $700 per share. This turnaround, the longest streak since 2015, is attributed to strategic moves by CEO Mark Zuckerberg, focusing on cost-cutting and investing in AI rather than the capital-intensive Reality Labs. Despite soft Q1 2025 guidance, the company posted strong Q4 2024 earnings, with revenue up 21% year-over-year and net income increasing by 49%. Analysts remain optimistic about future growth amid increased capital expenditures.
"Meta’s stock resurgence marks a significant turnaround, attributed to effective cost-cutting measures and a strategic pivot towards AI investment instead of Reality Labs."
"Meta’s Q4 2024 earnings reveal revenue of $48.39 billion, surpassing expectations, with a notable increase in net income despite ongoing concerns around the Reality Labs division."
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