Posted 1/19/2024, 1:30:00 PM
Meta Poised for Comeback to Trillion-Dollar Club If Growth Continues
- Meta stock surged 194% in 2022 on restored ad sales growth and cost cutting, putting market cap near $900 billion
- Digital ad business back on track with double-digit sales growth projected in 2023
- Meta dominates digital ads and launched new AI-powered tools, but revenue still lacks diversity
- Big bets on AI and metaverse are key to long-term growth, but metaverse losses near $37 billion
- If growth continues in 2023, analysts see Meta rejoining trillion-dollar club with Apple, Microsoft, Amazon and Nvidia