{"id":87156,"date":"2024-01-25T01:26:42","date_gmt":"2024-01-25T06:26:42","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87156"},"modified":"2024-01-25T01:24:54","modified_gmt":"2024-01-25T06:24:54","slug":"meta-passes-1-trillion-in-market-cap","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2024\/meta-passes-1-trillion-in-market-cap.html","title":{"rendered":"Meta passes $1 trillion in market cap"},"content":{"rendered":"\n<p>(CNBC) Meta last <a href=\"https:\/\/www.cnbc.com\/2021\/06\/28\/facebook-hits-trillion-dollar-market-cap-for-first-time.html\">exceeded $1 trillion in market cap in 2021<\/a>, when it was still known as Facebook. It was the company\u2019s first time hitting the milestone. In September 2021, its market cap approached $1.1 trillion. The company\u2019s <a href=\"https:\/\/www.cnbc.com\/2023\/12\/18\/metas-stock-wrapping-up-record-year-spurred-by-cost-cuts.html\">soaring stock performance<\/a> comes on the heels of an almost 200% surge last year, when CEO Mark Zuckerberg <a href=\"https:\/\/www.cnbc.com\/2023\/02\/01\/metas-year-of-efficiency-everything-wall-street-needed-to-hear.html\">instituted cost-cutting measures<\/a> that brought about more than 20,000 job cuts.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/01\/24\/meta-passes-1-trillion-in-market-cap.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Meta last exceeded $1 trillion in market cap in 2021, when it was still known as Facebook. It was the company\u2019s first time hitting the milestone. In September 2021, its market cap approached $1.1 trillion. The company\u2019s soaring stock [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87156","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87156"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87156\/revisions"}],"predecessor-version":[{"id":87157,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87156\/revisions\/87157"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}