Meta’s MAGA-fication paying off with a record streak of daily gains
Last summer, then nominee Donald Trump warned that Meta CEO Mark Zuckerberg would “spend the rest of his life in prison” if he were to plot against his reelection. Shortly after Trump’s election victory in November, Zuckerberg started cozying up to Trump, and his company’s stock has been rewarded handsomely.
Starting on January 16, just days before Trump’s inauguration, Meta’s stock began a record 14-day streak of daily gains (should today’s advance hold).
The company’s quarterly results, which included impressive revenue growth, and Zuckerberg’s commitment to turn the AI investment knob up to 11 are also playing a key role in the stock’s success.