Meta's stock down 64% this year could be set for rebound in 2023 - CNBC

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Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual world (VR) headset and Oculus Touch controllers during the Oculus Connect 3 lawsuit successful San Jose, California, U.S., connected Thursday, Oct. 6, 2016.

David Paul Morris | Bloomberg | Getty Images

JPMorgan Friday upgraded Club holding Meta Platforms (META) connected the backmost of accrued outgo subject and receding headwinds successful 2023. And we hold that Meta's stock, 1 of the worst performers successful the S&P 500 this year, could beryllium poised to marque a comeback — but lone if absorption takes greater steps to rein successful spending.

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