BlackRock acquired 169M Meta Platforms shares worth $109B. That's 1.67% of their equity portfolio (8th largest holding). The investor owns 6.63% of the outstanding Meta Platforms stock. The first Meta Platforms trade was made in Q4 2020. Since then BlackRock bought shares thirteen more times and sold shares on four occasions. The stake costed the investor $50.1B, netting the investor a gain of 118% so far.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) and BlackRock Inc (NYSE:BLK) have formed a joint venture to develop and operate a large-scale artificial...
Meta Platforms (META, Financials), the social media and digital advertising company, has asked BlackRock to help fund a $14 billion data center campus in El Pas
CNBC's Julia Boorstin reports on the $14 billion data center partnership between Meta and BlackRock.
The asset manager's infrastructure and private-credit arms are leading the jumbo project.