Cooperman, Lone Pine Among Funds That Dumped Meta Before Earnings Rout

Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebookparent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company's record oneday plunge in Feb, according to securities filings released on Monday.

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