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Results for "Bill Ackman"

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Meta Shares Fall on Increased AI Spending, Legal Scrutiny
FinanceAPReutersbloomberg+16NYTwsjFTcnbcfazberlingskesvenska-dagbladetrzeczpospolita+8 more37m ago19 sources

Meta Shares Fall on Increased AI Spending, Legal Scrutiny

Meta Platforms reported earnings that beat revenue expectations but saw its shares fall significantly due to concerns over increased capital spending on AI and ongoing legal scrutiny. The company boosted its spending forecast for 2026, highlighting substantial investments in its AI initiatives.

Alphabet to Invest Up to $40 Billion in AI Startup Anthropic
TechnologyReutersbloombergNYT+24wsjFTle-mondedr-dkyle-uutisetcnbcfazberlingske+16 more4d ago27 sources

Alphabet to Invest Up to $40 Billion in AI Startup Anthropic

Google's parent company, Alphabet, is set to invest up to $40 billion in the artificial intelligence startup Anthropic. This significant investment deepens Google's commitment to the AI sector amidst a competitive race.

Tim Cook to Step Down as Apple CEO, John Ternus Named Successor
BusinessAPReutersBBC+69bloombergNYTwsjFTle-mondeThe GuardianNPRnzz+61 more8d ago72 sources

Tim Cook to Step Down as Apple CEO, John Ternus Named Successor

Apple CEO Tim Cook is set to step down from his position in September, with John Ternus announced as his successor. This leadership transition marks a new era for the tech giant, prompting discussions among analysts and investors about the company's future direction.

Steven Spielberg Flees California Amid Raging Wealth Tax Battle
Politicszerohedge2mo ago

Steven Spielberg Flees California Amid Raging Wealth Tax Battle

Steven Spielberg Flees California Amid Raging Wealth Tax Battle Another day, another rich liberal leaving a state over policies they promoted.  In today's episode of modern hypocrisy, Steven Spielberg, director of blockbuster hits like Jaws, E.T., Poltergeist and Saving Private Ryan, has moved to Manhattan, according to the Los Angeles Times. A spokesperson for one of Hollywood’s most reliable Democrat Party donors was quick to insist the relocation has nothing to do with California’s highly controversial wealth tax proposal. “Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren,” spokeswoman Terry Press told the newspaper. Unsurprisingly, Press declined to say where Spielberg stands on the wealth tax when asked. California is now seriously considering a new wealth tax targeting billionaires, including a levy on unrealized gains. The idea has already spooked investors and contributed to several high-profile tech figures running for the exits. It’s a familiar pattern when progressive policies finally start to bite, a surprising number of billionaires discover a sudden deep affection for Florida, Texas, or even New York. Google founders Larry Page and Sergey Brin quietly began unwinding portions of their financial empires in California in the days leading up to Christmas, while Meta founder and CEO Mark Zuckerberg dropped $150 million on a Miami mansion. Zuckerberg and his wife, Priscilla Chan had been looking for a home on Indian Creek Island, the ultra-exclusive, heavily guarded enclave nicknamed “Billionaire Bunker” that is already home to Amazon founder Jeff Bezos, former NFL star quarterback Tom Brady, and Jared Kushner and Ivanka Trump. Even Jeffrey Epstein pal Reid Hoffman, LinkedIn co-founder and major Democratic donor, has taken aim at the billionaire tax proposal, slamming it as a "horrendous idea" that could drive tech founders and executives out of the state. Rep. Khanna reached out to me to discuss the proposed California wealth tax; and while I am against the proposed tax, I'm always open to dialogue with our elected leaders. The proposed CA wealth tax is badly designed in so many ways that a simple social post cannot cover all of… January 7, 2026 "The proposed CA wealth tax is badly designed in so many ways that a simple social post cannot cover all of the massive flaws. One well-documented example is the horrendous idea to tax illiquid stock in the proposal. Poorly designed taxes incentivize avoidance, capital flight, and distortions that ultimately raise less revenue," Hoffman said of the plan. Hedge fund billionaire Bill Ackman, a longtime Democrat who voted for Trump in the 2024 election, warned that California is on a "path to self-destruction." California is on a path to self-destruction. Hollywood is already toast and now the most productive entrepreneurs will leave taking their tax revenues and job creation elsewhere. And then the Democrats highlight @CAgovernor Newsom as a great leader. Crazy. https://t.co/bFyLhARrNn December 27, 2025 "Hollywood is already toast, and now the most productive entrepreneurs will leave, taking their tax revenues and job creation elsewhere,” Ackman said. Our readers will recall that Tesla and SpaceX Ceo Elon Musk was one of the first big names to leave California years ago, citing the state’s punishing taxes and its embrace of radical left-wing governance. The list keeps growing. Buckle up, Newsom. Musk was the first and Spielberg won’t be the last. Tyler Durden Fri, 02/20/2026 - 16:40

Bill Ackman's Pershing Square Increases Stakes in Amazon and Meta
TechnologyReutersbloombergcnbc+7marketwatchobservadorYahoochannel-news-asiaThe Weekstar-malaysiazerohedge5d ago10 sources

Bill Ackman's Pershing Square Increases Stakes in Amazon and Meta

Billionaire investor Bill Ackman's Pershing Square has significantly increased its positions in major tech companies, including Amazon and Meta Platforms. This move comes as Meta announces workforce cuts and a pivot towards AI, while Amazon boosts its custom chip development with Meta's support.

Bill Ackman Identifies "Stupidly Cheap" High-Quality Stocks
BusinessYahoo27d ago

Bill Ackman Identifies "Stupidly Cheap" High-Quality Stocks

Billionaire investor Bill Ackman has stated that some high-quality stocks are currently "stupidly cheap," suggesting that their discounted prices could offer returns up to ten times their current value. His comments highlight potential investment opportunities in the market.

Dow and Nasdaq End Fifth-Straight Losing Week in Correction Amid Market Slump
Businesswsjcnbcmarketwatch+3forbesYahooseeking-alpha1mo ago6 sources

Dow and Nasdaq End Fifth-Straight Losing Week in Correction Amid Market Slump

Technology and social media stocks have experienced their worst week in nearly a year, with Snap hitting a new 52-week low and Meta Platforms among the most oversold, as both the Nasdaq and Dow officially end their fifth-straight losing week in correction territory amid war concerns and a chip selloff.

Prominent Funds Bolster AI Investments
FinanceYahoo4d ago

Prominent Funds Bolster AI Investments

Major investment funds are significantly increasing their exposure to artificial intelligence (AI) companies and stocks. This includes Bill Ackman's hedge fund, which has allocated 38% of its $15 billion stock portfolio to AI, and Carmel's AI-heavy portfolio, which has added Garrett Motion.

Bill Ackman's Pershing Square Files for US IPO
FinanceReutersFTcnbc+3Business InsiderYahooseeking-alpha1mo ago6 sources

Bill Ackman's Pershing Square Files for US IPO

Bill Ackman's hedge fund, Pershing Square, has filed for an initial public offering (IPO) in the United States, with further details emerging on its structure, leverage, permanent capital, and the inclusion of HHH.