Technology

Clutch of hedge funds held Meta shares, may have been punished

Clutch of hedge funds held Meta shares, may have been punished

Several hedge funds including Wellington Management Group, Sanders Capital and Tiger Global Management were among the funds that declared positions in widely-held Facebook owner Meta Platforms Inc at the end of September, and could potentially have been hurt by the wipe-out in shares. Shares of Meta on Thursday touched their lowest level since July 2020.

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