Meta’s stock is wrapping up a record year, spurred by cost cuts

Published

2 years ago

December 19, 2023

Meta is celebrating a triumphant year-end as its stock surges to unprecedented heights.

The remarkable turnaround can be attributed to a series of strategic cost-cutting measures that were implemented in the wake of a catastrophic incident in 2022.

In 2022, Meta faced a major crisis when a damaging news headline exposed significant privacy breaches and data leaks within the social media giant.

The public’s trust in the company was severely shaken, resulting in a sharp decline in its stock value.

However, Meta’s leadership responded decisively by prioritizing user data security and implementing stringent cost-cutting measures.

These actions not only restored public confidence but also streamlined the company’s operations, leading to impressive financial gains throughout 2023.

As the year draws to a close, Meta’s stock is now trading at record highs, marking a remarkable recovery from the challenges of 2022.

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

3 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Tech

Memory shortages and rising prices could persist through 2027

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Published

6 days ago

January 27, 2026

Harvey Vargas

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Memory chips critical to consumer electronics and AI data centres remain in tight supply, keeping prices elevated despite production expansion by major players including Samsung and Micron.

Lenovo warns higher memory costs will hit budget devices first, even as PC demand stays strong from Windows 11 upgrades.

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