Meta Platforms, Inc. (META): Billionaire D.E. Shaw Is Bullish On This Stock Right Now

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Meta Platforms, Inc. (META): Billionaire D.E. Shaw Is Bullish On This Stock Right Now

^{Published on 2024-12-27 11:01:08 - MSN}

We recently compiled a list of the 10 Best Stocks to Buy According to Billionaire D.E. Shaw. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other stocks.

The article from MSN Money discusses the investment interest of D.E. Shaw, a prominent hedge fund manager, in Meta Platforms Inc. (META). It highlights that despite a challenging period for tech stocks, Meta has shown significant recovery and growth, particularly after implementing cost-cutting measures and focusing on its core advertising business. The piece notes that Meta's stock has surged by 140% in the past year, driven by a rebound in digital ad spending and the company's advancements in AI technology. D.E. Shaw's bullish stance on Meta is attributed to these factors, along with Meta's strategic shift towards efficiency and profitability, making it an attractive investment in the current market environment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/meta-platforms-inc-meta-billionaire-d-e-shaw-is-bullish-on-this-stock-right-now/ar-AA1wzZDS ]

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