It's been a busy week for Meta Platforms, Inc. (NASDAQ:META). From shifts in investor holdings to new features on Instagram, here's a quick rundown of the latest developments.
Investor Activity: GenTrust Decreases, Lineweaver Increases
Investment firm GenTrust LLC has reduced its stake in Meta Platforms, Inc. by 41.8% during the fourth quarter. According to their recent Form 13F filing with the Securities & Exchange Commission (SEC), the fund sold 655 shares, leaving them with a total of 911 shares.
On the other hand, Lineweaver Wealth Advisors LLC increased its position in Meta during the same period. The firm acquired an additional 480 shares, boosting its holdings by 15.3%. Their latest disclosure with the SEC reveals they now own 3,624 shares of the social networking giant.
Instagram's "Made with Edits" Tag
Instagram is rolling out a new feature called "Made with Edits." Some influencers are getting early access to this tag, which is designed to indicate when content has been digitally altered. "This is a great step towards transparency," says social media analyst Sarah Jones. "Users want to know when what they are seeing has been manipulated."
However, don't expect this tag to change how content is prioritized in your feed. While the feature aims to promote transparency, it won't give content with the tag any special treatment.
What's Next?
Meta continues to innovate and adapt to the ever-changing digital landscape. Keep an eye out for more updates on both the investment front and new features across Meta's platforms.
In other news, Wheaton Precious Metals (NYSE:WPM) is expected to announce its earnings on Thursday, March 13th. Analysts predict earnings of $0.45 per share and revenue of $395.74 million for the quarter.
Stay tuned for more updates as they become available.