Why Meta Platforms Stock Jumped 14% in June

Shares of Meta Platforms (NASDAQ: META) were moving higher again in June as the social media giant benefited from the broader uptrend in the stock market, and investors reacted to Meta's deal to take a 49% stake in Scale AI, a data-labeling start-up, for $14 billion.By the end of the month, Meta stock had finished up 14%, according to data from S&P Global Market Intelligence.As you can see from the chart, the stock gained in two separate stages, in the beginning and end of the month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool