The Biden administration eyes the profit boost that is the stock buyback.
Wall Street is warming up to Meta Platforms (NASDAQ: META) stock again. The social media giant's shares jumped immediately following its Q4 earnings report but remain in deeply negative territory since early 2022. Meta is still generating far weaker profits, though.
Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) recently wrapped up 2022 by reporting earnings for the fourth quarter and fiscal years. Although these internet companies are different -- one is a social media giant, and the other is known for its search engine -- both companies depend heavily on advertising dollars to make money. Wall Street was seemingly more excited about Meta's results, given the stock's 27% run over the past five days, compared to just 5% for Alphabet.