Meta Platforms shares are trading higher on continued strength following the recent launch of Intagram's Threads app. The stock is also up amid overall market strength following soft June inflation data.
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms shares are trading higher following the recent launch of Instagram's Threads app and overall market strength due to soft June inflation data.
July 12, 2023 | 3:34 pm
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Meta Platforms' stock is trading higher due to the launch of Instagram's Threads app and soft June inflation data.
The launch of Instagram's Threads app, a product of Meta Platforms, has been positively received, driving the company's stock higher. Additionally, the overall market strength due to soft June inflation data is also contributing to the rise in Meta Platforms' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100