Yesterday, we announced that President of Global Affairs Nick Clegg, CEO Mark Zuckerberg, and the Facebook/Meta Oversight Board “caved” as U.S. House Rep. Adam Schiff (D-CA) put it, and will let Donald Trump back on Facebook and Instagram. According to reports, there will be roadblocks in place to try to enforce the rules.
Although there is a broad-based tech and growth stock rally underway, Meta has not been excluded. We are not implying that the bump in Meta stock is definitely because of Trump’s reinstatement, but it may not have hurt either.
Meta, the owner of Facebook and Instagram, has seen a dramatic drop in their stock over the last few months and is laying off thousands. However, the stock seems to have bottomed and may be headed back up to new highs in the next couple of years in our view.
However, we are not financial experts and this is absolutely not investment advice. We are simply a news/opinion editorial/blog website. Check with a financial advisor and buying stocks is always at your own risk.
We reported yesterday:
Tesla stock is also doing better despite left-wing loathers of CEO Elon Musk, up 10 percent today alone, after a great report yesterday that we covered. Shortly after the earnings, the stock was stable in after-hours trade yesterday. However, the earnings call inspired further confidence in Tesla bulls and the stock jumped up some yesterday in extended hours trade and more so today.
It’s a long way to Tesla’s all-time high, but for those “diamond hands” holders, this is good news. Again, we are not giving out financial advice and you should only buy any stocks at your own risk. See stock chart and report:
Time will tell how the tech and growth rally continues and if Trump’s reinstatement plays into a further Meta rally or not. It may be one of those things where it is hard to prove a direct correlation while speculation appears somewhat obvious simultaneously.
We also don’t know for sure if Trump will come back to Twitter at all, despite being unbanned, and when his first Facebook post since being let back on may be. With the 2024 presidential campaign season not that far off, many are already speculating about who may run for both parties.
