Yazılar

Ackman’s Pershing Square Takes Stake in Meta, Sells Hilton

/in /tarafından

Billionaire investor Bill Ackman has added Meta Platforms to his hedge fund portfolio while exiting its position in Hilton Worldwide Holdings, signaling a renewed focus on artificial intelligence-driven growth.

Ackman’s firm, Pershing Square Capital Management, invested roughly $2 billion—about 10% of its capital—into Meta late last year. The fund’s investment team said they believe Meta’s share price underestimates the long-term upside potential from AI, particularly in content recommendation systems, targeted advertising, and future AI-powered products such as digital assistants and wearables.

Despite investor concerns about Meta’s rising AI-related spending, Pershing Square argues the technology investments could strengthen engagement and revenue over time. Meta shares have declined modestly over the past year but have risen since the hedge fund initiated its position, according to client materials.

The move fits Ackman’s concentrated investment style. Known for holding a limited number of high-conviction positions, he previously invested in major technology names including Amazon and Alphabet. The shift away from Hilton and toward Meta highlights a broader trend among large investors rotating capital toward AI-linked opportunities.

India’s top court questions WhatsApp data sharing with Meta

/in /tarafından

India’s Supreme Court has warned it could reinstate restrictions on WhatsApp sharing user data with other Meta entities, raising fresh concerns over privacy and consent. During a hearing on Tuesday, the chief justice said WhatsApp’s privacy policy appeared to be designed in a way that could mislead users, particularly those with limited digital literacy.

The case stems from a 2024 ruling by India’s antitrust authority, which fined WhatsApp $25.4 million and barred data sharing for advertising purposes for five years. An appeals court later lifted the data-sharing ban while keeping the fine, prompting both sides to approach the Supreme Court.

India is Meta’s largest market by users, and WhatsApp has argued that restrictions could force it to roll back features. The Supreme Court did not issue a final decision and is expected to continue hearings next week.

FTC Appeals Ruling in Meta Antitrust Case Over Instagram, WhatsApp Deals

/in /tarafından

The U.S. Federal Trade Commission has appealed a court ruling that dismissed its antitrust case against Meta Platforms, seeking to revive claims that the company illegally built monopoly power by acquiring Instagram and WhatsApp. The FTC said its position remains unchanged despite last year’s dismissal.

The agency argues that Meta’s purchases of Instagram in 2012 and WhatsApp in 2014 harmed competition by eliminating emerging rivals. It has asked the courts to reconsider forcing a potential breakup or divestment of the platforms. Meta was sued in 2020, years after regulators initially approved the deals.

U.S. District Judge James Boasberg ruled in November that Meta does not currently hold a monopoly, citing strong competition from platforms such as TikTok. Meta said the decision correctly reflects the competitive landscape and said it will continue investing and innovating in the United States.