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Benzinga
Benzinga
Business
Shanthi Rexaline

Is Facebook Losing Out To TikTok? Brazilian Investment Bank Liquidates 4-Year Long Position In Meta

Meta Platforms, Inc. (NASDAQ:META) stock is slowly losing its appeal among institutional investors amid its recent fundamental setbacks.

IP Capital Partners, one of Brazil's oldest independent investment managers liquidated its entire stake in Meta in early 2022, a monthly report from the company to its clients revealed. Meta stock had been part of its funds since 2018.

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