Key Takeaways
- • Pershing Square Capital Management CEO Bill Ackman is discussing Meta Platforms and broader markets in a CNBC interview, with Meta a core holding in his firm's portfolio.
- • Pershing Square first took a position in Meta in late 2025, equal to 10% of the firm's capital at the end of that year, and increased the stake to a sizable level in February.
- • Meta reported better-than-expected third-quarter revenue and issued strong guidance for the current period, though its shares fell on concerns over AI spending.
- • Ackman argues Meta's AI upside supports front-loading infrastructure and talent investments, and that its compute spending could eventually generate attractive returns.
Summary
Bill Ackman, chief executive officer of Pershing Square Capital Management LP, is scheduled to speak with CNBC about Meta Platforms and markets. The interview was announced by CNBC, with the source material noting that the footage was originally captured during a Bloomberg Television interview in New York on Wednesday, September 30, 2026.
Meta is a core position for Pershing Square. The firm first established a stake in late 2025, which amounted to 10% of Pershing's capital as of the end of that year. In February, Pershing increased the position to a sizable stake. At that time, Ackman cited Meta's "long-term upside potential from AI represents a deeply discounted valuation for one of the world's greatest businesses" in an investor presentation.
Pershing Square has also said Meta's investments in compute infrastructure are necessary and could eventually generate attractive returns. The firm noted that Meta is well-positioned for long-term earnings growth, stating that "significant upside potential from AI supports front-loading infrastructure and talent investments."
Ackman's comments come as Meta reported better-than-expected revenue in its third-quarter earnings report on Wednesday and issued strong guidance for the current period. Despite the results, the shares declined, reflecting investor concerns over the scale of AI spending.
Meta is a core position for Pershing Square. The firm first established a stake in late 2025, which amounted to 10% of Pershing's capital as of the end of that year. In February, Pershing increased the position to a sizable stake. At that time, Ackman cited Meta's "long-term upside potential from AI represents a deeply discounted valuation for one of the world's greatest businesses" in an investor presentation.
Pershing Square has also said Meta's investments in compute infrastructure are necessary and could eventually generate attractive returns. The firm noted that Meta is well-positioned for long-term earnings growth, stating that "significant upside potential from AI supports front-loading infrastructure and talent investments."
Ackman's comments come as Meta reported better-than-expected revenue in its third-quarter earnings report on Wednesday and issued strong guidance for the current period. Despite the results, the shares declined, reflecting investor concerns over the scale of AI spending.
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