Meta Platforms Is a $1 Trillion Company Again

Meta Platforms Is a $1 Trillion Company Again

Meta Platforms Is a $1 Trillion Company Again

Meta Platforms Is a $1 Trillion Company Again

On Wednesday, Meta achieved a market cap exceeding $1 trillion, with shares closing over 1% higher at $390 each amidst a notable uptrend. This milestone was previously reached in 2021 when the company was known as Facebook. Following a remarkable 200% surge in 2023, attributed to CEO Mark Zuckerberg’s cost-cutting initiatives resulting in 20,000 job cuts, The company’s stock performance has been robust. Zuckerberg, terming 2023 as a “year of efficiency,” witnessed the stock rebound after a 2022 low.

Meta’s shares peaked at around $396 during Wednesday’s intraday trading, marking a year-to-date increase of over 10%

Intriguingly, Meta’s shares peaked at around $396 during Wednesday’s intraday trading, marking a year-to-date increase of over 10%. Shareholders are optimistic about Meta’s trajectory, particularly as it aims to fortify its standing in artificial intelligence. Zuckerberg recently revealed plans to acquire 350,000 H100 graphics cards from Nvidia by year-end, reflecting substantial investments in AI, with fiscal Q4 earnings set for reporting on February 1.

Jason Stone

Jason Stone

Jason Stone is a serial entrepreneur with multiple 7 figure business ventures across various verticals of web and marketing. He is widely known by over 7 million people around the world as @Millionaire_Mentor on Instagram. Jason utilizes his experience and passion as a motivator, mentor, teacher, and social media influencer to help others create success. Jason Stone is an accomplished Senior Executive, Consultant, and Thought Leader with more than 20 years of success across the engineering, e-commerce, social media, internet, marketing, advertising, technology, automotive, blockchain, franchising, and health and wellness industries. He is an early-stage startup tech investor/advisor to over a dozen companies. Leveraging extensive experience creating go-to-market strategies and viral marketing, he is a valuable advisor for an organization experiencing growth or launching new products. His broad areas of expertise include business development, mechanical engineering, global strategy, email marketing, digital marketing, automation, blockchain, organizational leadership, and growth hacking. t
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