Even TikTok’s return could not spoil Meta’s long-running party on Wall Street, with the company behind Facebook and Instagram heading towards its 20th straight day of gains on Friday.
That easily laps Meta’s previous record of 11 straight days of gains, set back in 2015. Mark Zuckerberg’s company, during early trading on Friday, was up about 8 points, or 1.1% — nothing major, but it would still count as another positive day if those gains hold through the closing bell.
TikTok, of course, is one of Meta’s chief competitors, so its return to the Apple and Google app stores on Thursday evening could have potentially spooked Meta investors on Friday morning.