Major Funds Exit Meta Positions Amid Soaring AI Costs

While Meta Platforms Inc. reported impressive third-quarter earnings, a notable shift is occurring behind the scenes. Several prominent Wall Street investment firms have significantly reduced their holdings in the social media giant, raising questions about the company’s strategic direction. This institutional selling coincides with the departure of a key artificial intelligence leader and rapidly escalating operational expenditures.

Recent regulatory filings reveal substantial position reductions by major hedge funds during the third quarter. The 13F reports, which mandate disclosure of equity holdings, show concerning trends for Meta investors:

• Tiger Global Management slashed its Meta stake by 62.6%
• Lone Pine Capital disposed of 34.8% of Read more...