2023 Witness the Meta Revival After the Terrible Year 2022

<p>&nbsp;Like a rainbow after the rain, Meta finally found a way out of its consecutive decline last year.</p><p><br /></p><p>This year has been better, after it reported positive second-quarter results last week along with upbeat guidance, sending Meta shares soaring to their highest level since early 2022.</p><p><br /></p><p>Despite slipping on Monday, it has rocketed 11% in July for the ninth straight month of gains. In fact, it was also the stock's longest rise since Facebook's IPO in 2012.</p><p><br /></p><p>Meta has been the second best performing stock in the S&amp;P 500 this year, behind Nvidia.</p><p><br /></p><p>A year ago, it was one of the worst-performing stocks in the index, losing two-thirds of its value.</p><p><br /></p><p><br /></p><p>The rise of the company formerly known as Facebook follows cost-cutting measures the company implemented in late 2022 and early 2023 that resulted in about 21,000 layoffs.</p><p><br /></p><p>Since then, the recovery of Facebook's online advertising business began to be seen and it finally returned to double-digit growth, by 11% in the second quarter.</p><p><br /></p><p>Its investment in artificial intelligence is also paying off, with more people watching short videos on Reels products.</p><p><br /></p><p>Not only that, but the recent debut of a Twitter competitor called Threads has given investors hope that Meta could finally turn the app around.</p><p><br /></p><p>Can this achievement be maintained this month and next?</p>