Meta stock surges to 14-month high even as Metaverse bleeds billions

Meta stock surges to 14-month high even as Metaverse bleeds billions

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Meta continued big tech’s earnings hot streak with its strong quarterly report released Wednesday afternoon (local time), sending its shares rallying as its billionaire CEO Mark Zuckerberg’s commitment to trimming costs proves popular among investors. Meta reported $28.6 billion in quarterly…

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