Wednesday, February 16, 2022 7:42:31 PM
Billionaire investor Stanley Druckenmiller dumped Facebook parent Meta before its one-day $230 billion wipeout — and took stakes in Snap and Chevron
https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-facebook-meta-snap-chevron-13f-duquesne-office-holdings-2022-2
He dumped his holdings in Meta before the company's shocking 26% plunge in share price earlier this month. Meta lost more than $230 billion in value on February 3, the largest one-day loss in US corporate history, after posting a $10 billion operating loss from its metaverse business. It warned of further hefty losses this year due to the impact of Apple's privacy changes.
Billionaire investor Stanley Druckenmiller's family office ditched its $35.9 million stake in Facebook parent Meta last quarter, suggesting the social media company's shift in focus to the metaverse may not have reflected an immediately bullish opportunity to him.
Druckenmiller's Duquesne Family Office revealed a new stake worth $67 million in Snap, a Securities and Exchange Commission filing from Monday showed.
The New York-based firm, which manages Druckenmiller's personal wealth, disclosed his
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George Soros, the founder of Soros Fund Management, trimmed his positions in Amazon and Alphabet last quarter.
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https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-facebook-meta-snap-chevron-13f-duquesne-office-holdings-2022-2
He dumped his holdings in Meta before the company's shocking 26% plunge in share price earlier this month. Meta lost more than $230 billion in value on February 3, the largest one-day loss in US corporate history, after posting a $10 billion operating loss from its metaverse business. It warned of further hefty losses this year due to the impact of Apple's privacy changes.
Billionaire investor Stanley Druckenmiller's family office ditched its $35.9 million stake in Facebook parent Meta last quarter, suggesting the social media company's shift in focus to the metaverse may not have reflected an immediately bullish opportunity to him.
Druckenmiller's Duquesne Family Office revealed a new stake worth $67 million in Snap, a Securities and Exchange Commission filing from Monday showed.
The New York-based firm, which manages Druckenmiller's personal wealth, disclosed his
George Soros, the founder of Soros Fund Management, trimmed his positions in Amazon and Alphabet last quarter.
Bad ER
Good ER
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