Lates News

According to The Wall Street Journal, Panex Square, a fund under Bill Ackman's Pershing Square, revealed at the annual meeting of a fund on Wednesday that it had established a new position in Meta Platforms (META.O), which will account for 10% of the company's capital by the end of 2025, calculated to be approximately $2 billion based on previously disclosed data. Over the past six months, Meta's stock price has fallen by about 13%. Panex Square believes that the decline is due to investors' concerns about the company's significant investments in artificial intelligence. Part of Panex Square's investment logic is based on the belief that artificial intelligence will enhance Meta's content recommendation and personalized advertising capabilities, and may potentially create new opportunities in wearable devices or AI digital assistants for enterprises. Panex Square stated, "Meta's business model is one of the most direct beneficiaries of AI integration." According to presentation materials, Panex Square began establishing its position in Meta in November with an average cost of $625 per share. Since then, Meta's stock price has risen by 11% by the end of 2025 and another 3% in early 2026.