AIYahoo Financeabout 3 hours ago
Dan Loeb Sells Old Economy, Buys Meta AI Play
1 min read
Billionaire Dan Loeb opened a new position in Meta Platforms, buying 90,000 shares valued at approximately $51.49 million in the first quarter. Meta plans to spend at least $600 billion on AI infrastructure through 2028. The average price per ad grew 12% year-over-year in Q1 2026.
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