Third Point’s Dan Loeb initiates a 90,000-share position in Meta amid heavy AI infrastructure investments through 2028.
Billionaire investor Dan Loeb’s Third Point disclosed a new $51.49 million stake in Meta Platforms, purchasing 90,000 shares in Q1. The move comes as Meta ramps up AI spending, committing at least $600 billion through 2028 to bolster infrastructure and core business applications.
Meta’s AI investments have pressured shares, which fell 15% over the past year. However, early signs of ROI include a 12% year-over-year increase in average ad prices in Q1 2026, accelerating from 6% growth in the prior quarter. The company also launched Meta One, a $7.99 monthly AI subscription service, driving other revenue up 74% to $885 million.
Investors remain divided over whether Meta’s AI bets will justify the massive outlay, though bulls argue the technology is directly enhancing engagement and ad performance.