Bill Ackman reveals stake in Meta, says it has ‘deeply discounted valuation’
Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025.
Mike Blake | Reuters
Bill Ackman’s Pershing Square revealed a stake in Meta on Wednesday.
“We believe Meta’s current share price underappreciates the company’s long-term upside potential
from AI and represents a deeply discounted valuation for one of the world’s greatest businesses,” stated the fund’s annual investor presentation.
Meta shares are off by 16% over the last 12 months on fears it is spending too much on artificial intelligence.
“We believe concerns around ETA’s AI-related spending initiatives are underestimating the company’s long-term upside potential from AI,” stated the Pershing presentation.
The position amounts to 10% of Pershing’s capital as of the end of 2025.
This is breaking news. Please refresh for updates.
<
