WisdomTree CIO Says Other Big Tech Names Could Follow In Meta’s Footsteps Following Strong ‘Year Of Efficiency’

Published by
Benzinga

Jeremy Schwartz, CIO at WisdomTree Investments, joined Benzinga’s PreMarket PrepMonday to discuss Meta Platforms, Inc’s (NASDAQ:META) successful “year of efficiency,” which he believes was made possible by AI. What Happened: Schwartz highlighted Meta’s use of artificial intelligence as the force that enabled the company to achieve remarkable results during its “year of efficiency.” Meta reduced its workforce by 22% in 2023 while boosting revenue by 25%. The stock gained more than 175% in 2023 and CEO Mark Zuckerberg has said the increased efficiency focus will remain in place. Schwartz told Be…

Read More

See also  Apple 'Missed Their Big Opportunity To Invest In Tesla,' Says Ross Gerber: 'About Time They Throw In The Towel On This Mess'

Leave a Reply