Facebook (yes, Meta) celebrated a massive year of efficiency in 2023 – and got a massive reward. Today, the market cap of the company is worth close to $1 trillion. Yet, if anyone tells you that Facebook accelerated in value because of its efficiency, tell that person that there are more bridges available for buyers.
In a stunning turnaround, Meta, the parent company of Facebook and Instagram, is on the cusp of achieving a market capitalization of $1 trillion.
The company’s shares have experienced a phenomenal 200% surge in 2023, propelling its market cap to an impressive $966.60 billion, tantalizingly close to the coveted trillion-dollar milestone.
Meta, if successful in reaching the $1 trillion mark, will join the elite league of technology giants, including Microsoft, Apple, Alphabet, Amazon, and Nvidia, all currently valued at $1 trillion or more. Microsoft, leading the pack with a market cap of $2.93 trillion, signifies the significant achievement that awaits Meta should it cross this threshold.
In 2022 as Facebook was under massive high voltage searchlight from American regulators, triggering an avalanche in value destruction as investors fled, a pill was created: the fall on the value of the company was the best defense before regulators that Facebook was not actually a monopoly, or a beast which could not be challenged, or taken out.
In other words, as the stock value crashed, regulators ran away. And when they ran away and left the company alone, the investors re-assembled. And Facebook was able to get new fresh air.
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And this is the message: business environment and political leaders can make and undo missions. In 2023, it was about us writing about Facebook and its AI, and not one investigation after another. As that was happening, advertisers returned and Facebook rose to another mountaintop.
Good People, the most important course in business is Political Economy. Every nation must understand that all market players take that course, and politicians and regulators must pay attention to the contents. America allowed Facebook’s Meta to breathe and Meta was saved!
Meta Platforms Nears $1 Trillion Market Cap as Shares Surged 200% in 2023
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