Meta Platforms Inc. Neutralizes Chinese Spam Network While Surging 900 Points And Approaching The $300 Stock Milestone
Portfolio Pulse from Zaheer Anwari
Meta Platforms Inc. (NASDAQ:META) has deactivated nearly 9,000 accounts, groups, and pages linked to a Chinese political spam network. Despite this, the company's stock surged by over 900 points, approaching the $300 mark. The last time Meta's stock reached a price higher than $300 was on August 16th. The company has achieved impressive year-to-date growth, standing at a remarkable 141%.
August 30, 2023 | 2:47 pm
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Meta Platforms Inc. has deactivated a Chinese political spam network, but its stock surged by over 900 points, nearing the $300 mark.
The deactivation of the spam network shows Meta's commitment to security, which can boost investor confidence. The stock surge indicates strong market confidence in Meta, despite the spam network issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100