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Cooperman, Lone Pine among funds that dumped Meta before earnings rout

Cooperman, Lone Pine among funds that dumped Meta before earnings rout

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Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on Monday.

...read full article on Reuters

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