12 Stocks Most Held by Hedge Funds

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META), formerly Facebook, Inc., is a leading global technology company that operates a family of social media and messaging applications, including Facebook, Instagram, WhatsApp, and Threads. Founded in 2004 by Mark Zuckerberg, the company has grown to become one of the world’s most influential tech giants, connecting over 3.2 billion people daily through its various platforms. Meta Platforms, Inc. (NASDAQ:META) is not only a pioneer in social media but is also at the forefront of emerging technologies such as artificial intelligence (AI), augmented reality (AR), and virtual reality (VR).

Meta Platforms, Inc. (NASDAQ:META) is optimizing its monetization strategies and improving operational efficiency. The company is exploring new ways to monetize its platforms, including through the introduction of more ads on lower-monetizing surfaces like video and the development of new ad formats that deliver better performance for advertisers. Meta Platforms, Inc. (NASDAQ:META) is also using AI to optimize ad placement and timing, ensuring that ads are shown in the most effective and user-friendly way. Additionally, the company is focused on streamlining its operations and reducing costs where possible. The company is leveraging AI to improve coding productivity, content moderation, and other internal processes.

Additionally, Meta Platforms, Inc. (NASDAQ:META) is integrating AI into wearable devices, such as the Ray-Ban Meta AI glasses. These glasses offer a seamless blend of the physical and digital worlds, providing users with real-time information, translation, and interactive experiences. The company is also developing Orion, its first full holographic AR glasses, which represents a significant step forward in the company’s vision for the next computing platform. These innovations are part of the company’s broader strategy to create a more immersive and connected digital experience for users.