12 Best Long-Term Stocks to Buy According to Ken Fisher

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10. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Fisher Asset Management’s Stake: $3.9 billion

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. For the fourth quarter and full year 2024, revenue recorded was $48.39 billion and $164.50 billion, representing increases of 21% and 22% year-over-year, respectively. Revenue on a constant currency basis would have increased 21% and 23% year-over-year for the fourth quarter and full year 2024, respectively. In February, Business Today reported that the company was laying off almost 5% of its workforce on February 10, reported by several media outlets based on a leaked memo. The layoffs will be global, but employees in Germany, France, Italy, and the Netherlands will be exempt due to local regulations.

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