Facebook’s Profit Engine Is Proving Irresistible for Investors
- Shares posted their first weekly gain since early September
- The stock has gained 9.3% from a five-month low last month
Meta headquarters in Menlo Park, California.
Photographer: Noah Berger/AFP/Getty ImagesThis article is for subscribers only.
A lot of the content on Facebook’s social-media services may be seen as being toxic, but that hasn’t stopped investors from pouring money back into the beaten-down stock.
Shares of the social media giant, now known as Meta Platforms Inc., posted their first weekly gain since early September, before a trove of internal data from a whistle-blower unleashed another round of intense scrutiny that fueled a selloff. The stock rose 5.4% for the week, the most in more than three months. That would recoup almost half the stock’s decline from the past month.