This Is Why Meta Stock Soared After Reporting Earnings

By Neil Rozenbaum – Feb 2, 2023 at 9:30AM

NASDAQ: META

Meta Platforms

Market Cap

$1,124B

Today's Change

(0.43%) $1.91

Current Price

$443.29

Price as of April 26, 2024, 4:00 p.m. ET

Zuckerberg learned his lesson in 2022.

In this video, I will go over Meta Platforms' (META 0.43%) fourth-quarter earnings report and explain why the stock is soaring and what investors should expect for the rest of 2023. After a difficult 2022, the company is slowly but surely winning back investors' trust.

*Stock prices used were from the trading day of Feb. 1, 2023. The video was published on Feb. 1, 2023.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.