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Ackman Bets $2 Billion on Meta's AI Growth Potential

2/12/2026

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Story summary
  • Ackman invested about $2 billion in Meta Platforms, Inc. (Meta).
  • The investment represents about 10% of Pershing Square Capital Management.
  • The move began in late November.
  • Meta's stock has traded around $670 per share and is down about 16% over the past year.
  • Pershing Square argues the market underestimates Meta's core advertising engine and its AI-driven growth potential.