Meta stock hits record high as ad business thrives
03/08/2024 04:00
Meta Platforms (META) shares reached a record high during Thursday's intraday trading session, driven by the company's robust advertising revenue. Notably, PDD (PDD) —the parent company of the rapidly growing e-commerce platform Temu —has emerged as one of Meta's top advertisers, spending an impressive $2 billion on advertising across Meta's platforms. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Meta Platforms (META) shares reached a record high during Thursday's intraday trading session, driven by the company's robust advertising revenue. Notably, PDD (PDD) —the parent company of the rapidly growing e-commerce platform Temu —has emerged as one of Meta's top advertisers, spending an impressive $2 billion on advertising across Meta's platforms.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith