Ackman accumulates Meta shares

- Bill Ackman increased his holdings in Meta even as the company cut jobs and shifted capital to AI infrastructure — activists signal confidence. (x.com) - Meta trades near a 17x forward price/earnings multiple despite the cuts; shares slid roughly 8% after the announcements as Ackman accumulated stock. (x.com 1) (x.com 2) - Sentiment is split between cost-cutting skeptics and investors betting on AI-driven margin gains despite near-term volatility. (x.com) (x.com)