Meta Snaps Out of Historic Slump With First Record High in Years
- Stock closed at all-time high for first time since 2021
- Focus on efficiency and rebounding growth fueled rally
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Meta Platforms Inc. shares closed at their first record high in more than two years on Friday, as the Facebook parent fully recovers from a selloff that at one point had erased more than three-fourths of its value.
The stock rose about 2% to $383.45, surpassing an all-time high that has stood since September 2021.