The Impact of Lobbying Expenditure on Meta's Stock Performance
Friday, 15 March 2024, 12:47
Top Lobbying Spenders in the Last Quarter:
- Meta: $4.6M
- Amazon: $4.4M
- ...
META Stock is the Highest Spender
With almost $5 million spent over the latest quarter, Meta (NASDAQ: META) takes first place, and rightfully so. It seems that money spent on lobbying reflected positively on META shares.
META Stock Performance Over the Last Quarter
It appears that the lobbying efforts paid off handsomely for META stock, as it recorded remarkable gains over the last quarter, with a valuation increase of over 50%.
With the news of the House moving to ban TikTok in the US, Meta will continue to dominate the internet social service sector, potentially leading to further gains.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.