Reported about 1 year ago
In the first quarter of this year, well-known billionaire hedge fund managers like David Tepper, Karthik Sarma, and Philippe Laffont were seen selling shares of Meta Platforms (NASDAQ: META) due to its significant rise in 2023. While these investors are taking profits, they have not completely divested from the stock yet. Meta's performance has improved with revenue growth, cost control, and investments in AI initiatives, making it a long-term winner in the advertising platform industry. The metaverse project remains a potential growth area for the company. Despite no longer being a bargain buy, Meta Platforms still appears to be a promising long-term investment option.
Source: YAHOO