Meta stocks gain $25 billion in one day

Meta’s stock rose 2.9% in Monday’s session to its highest levels in two years, with the company adding $25 billion to its market value in one day.

These gains came with optimism that the Facebook owner would achieve its best annual performance ever

Mark Zuckerberg confirmed in early February that 2023 would be a “year of efficiency” for the company, as he put cost reduction at the top of his agenda, and the owner of WhatsApp eliminated more than 20,000 jobs.