Bill Ackman just revealed a position in $META.

Not because it’s “cheap.”
Because the business is compounding.

Meta isn’t just a social media company anymore:

� 3B+ users = unmatched ad scale
� AI is lifting engagement and ad ROI
� First-party data = pricing power
� Cost discipline post “Year of Efficiency”
� Heavy AI spend now → earnings leverage later

This is one of the clearest AI monetisation stories in big tech.

Ackman isn’t buying hype.
He’s buying the cash flow engine behind it.

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