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- Meta has enjoyed a sizzling rally after CEO Mark Zuckerberg said 2023 would a "year of efficiency".
- Its stock just delivered its best ever weekly outperformance versus the FAANG group of big techs.
- The Facebook parent also notched its biggest weekly advance in a decade versus the Nasdaq 100 index.
Facebook parent Meta Platforms' stock is enjoying a spectacular comeback as CEO Mark Zuckerberg ushers in what he calls the "year of efficiency" with a round of cost cuts and share buybacks.
The social media stock just posted its best weekly outperformance on record versus the so-called FAANG group of Big Tech shares that includes itself, according to Insider calculations.