Posted 1/19/2024, 4:42:00 AM
Meta Soars Back Toward $1 Trillion Value After Turnaround Year
- Meta approaching $1 trillion market cap again after stock price gained 200% in 2023
- Last hit $1 trillion valuation in June 2021, before massive stock price drop in 2022
- Conducted first-ever major layoffs in late 2022, promised "Year of Efficiency"
- Beat analyst estimates in Q3 earnings, shares closed 2.1% higher at $376.13 on Thursday
- CEO Mark Zuckerberg's net worth boosted to $136B, making him world's 6th richest after starting 2023 at $48B