The communication services ( XLC ) sector has surged by over 35% in 2024, propelled by aggressive cost-cutting initiatives and corporate restructuring. Yahoo Finance Special Reporter Akiko Fujita examines the key drivers behind this strong performance, with a special focus on standout performers like Spotify ( SPOT ), Netflix ( NFLX ), Meta ( META ), and Alphabet ( GOOG , GOOGL ).

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This post was written by Angel Smith