(CNBC) Meta shares are up 178% for the year, on pace for their best year ever, topping the 105% jump in 2013, which was the year after Facebook’s IPO. The stock rose another 2.9% on Monday to $344.62, its highest in almost two years. It’s now just 10% below its record reached in September 2021, near the peak of the latest tech boom.
Meta’s stock is wrapping up a record year, spurred by cost cuts that followed a disastrous 2022
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