The stock rose as much as 21% Friday, poised to add roughly US$200 billion to its market capitalization. This would be the biggest single-session market value addition, eclipsing the US$190 billion gains made by Apple Inc and Amazon.com Inc in 2022.
Meta Platforms Inc is poised to become Wall Street’s top comeback kid.
It was only a couple of years back the Facebook owner suffered the single biggest market value destruction in stock-market history. But the company has come a long way since then, on Thursday it dazzled shareholders with yet another impressive quarterly earnings report as the social media giant focuses on cutting back costs and shoring up billions in profits.
