But there's more behind the stock's recent gain. Investors have also seemed to appreciate the company's commentary on expense management in the company's recent fourth-quarter update. "[O]ur management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization," said Meta founder and CEO Mark Zuckerberg in the company's fourth-quarter earnings release. To this end, Meta lowered its outlook for 2023 expenses from a previous forecast of $94 billion to $100 billion to between $89 billion and $95 billion.