Meta’s Spending Is Now Focused Where Investors Want
- AI, Threads and Reels are helping Meta to win back investors
- Stock has highest number of buy ratings in at least two years
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Meta Platforms Inc. finally seems to be spending its time and money on things that investors like.
After an unpopular pivot to Chief Executive Officer Mark Zuckerberg’s metaverse virtual-reality vision in 2021 and last year’s record stock plummet, the firm is seen to be back on track. It has released a desktop version of its Twitter equivalent, Threads — key to it rivaling what’s now known as X. Meta shares are also regarded as an artificial intelligence play.