Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on the company's dramatic cost cutting (Jonathan Vanian/CNBC) 27-04-2023

Jonathan Vanian / CNBC:
Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on the company’s dramatic cost cutting — – Revenue at Facebook’s parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.