Meta shares surge nearly 20% as Zuckerberg pledges to make 2023 a 'year of efficiency'

For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential. But after a brutal year in which the company lost more than $600 billion in market value, Zuckerberg has started speaking Wall Street's language — and they are rewarding him for it.

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