Bill Ackman reveals stake in Meta, says it has 'deeply discounted valuation'

Bill Ackman, founder and CEO of Pershing Square Capital Management, attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025.Bill Ackman's Pershing Square revealed a stake in Meta on Wednesday."We believe Meta's current share price underappreciates the company's long-term upside potentialfrom AI and represents a deeply discounted valuation for one of the world's greatest businesses," stated the fund's annual investor presentation.Meta shares are off by 16% over the last 12 months o ...