ValueAct takes a $1B stake in Meta to boost profits and focus on AI, aiming for a 40% stock increase.

ValueAct, an activist investor, has taken a $1 billion stake in Meta Platforms to help boost profits and focus on AI. With past successes at Microsoft and Salesforce, ValueAct aims to improve Meta’s core social media business and struggling Reality Labs division through cost cuts and AI advancements. If successful, Meta's stock could reach $800, a 40% increase, driven by better user matching and ad optimization.

November 16, 2024
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