Wall Street Likes Meta’s Plans to Cut Costs
Meta’s chief executive, Mark Zuckerberg, called 2023 the “year of efficiency,” a pronouncement that is reassuring investors and sparking a wider rally in tech stocks.
Deep-pocketed conservatives, including Stephen A. Schwarzman and Kenneth C. Griffin, said they plan to back alternatives to the former president.
Former Google and Morgan Stanley veteran Ruth Porat has joined private equity giant Blackstone's board of directors.