Meta Platforms made a significant corporate move on 23 June 2026, committing $900 million to acquire approximately a 20% stake in Indian fintech startup Cred at a post-money valuation of $4.5 billion, with Cred founder Kunal Shah announced to lead WhatsApp [Brief - 2026-06-23]. Separately, Meta is among a group of large-cap technology companies collectively spending approximately $750 billion in 2024 on AI infrastructure capital expenditure, a figure nearly double historical levels, according to reporting that also noted reduced buyback activity across the group as a consequence of elevated capital deployment [Brief - 2026-06-19].
For the trailing twelve months ending 31 March 2026, Meta reported revenue of approximately $214.96 billion, representing year-over-year growth of 33.1%, with net income of $70.59 billion and a net margin of 32.8%. Operating margin stood at 41.2%. Earnings per share grew 62.4% year-over-year. The company held $23.43 billion in cash against total debt of $58.75 billion. The price-to-earnings ratio was recorded at 20.28 as of the reporting date [SEC 10-Q - META - 2026-03-31].
Insider activity in June 2026 recorded 17 transactions with a net direction of selling, totalling a net disposal value of approximately $4.24 million [SEC Form 4 - META - 2026-06]. Among institutional holders, Bridgewater added 30% to its position, Millennium added 26%, and Tiger Global added 12%, while Coatue reduced its position by 26% and AQR Capital reduced by 10% [SEC 13F - Bridgewater - Q1 2026] [SEC 13F - Millennium - Q1 2026] [SEC 13F - Tiger Global - Q1 2026] [SEC 13F - Coatue - Q1 2026] [SEC 13F - AQR Capital - Q1 2026].
The prevailing macro environment showed the 10-year US Treasury yield at 4.50% and the 2-year at 4.16%, reflecting a normal yield curve configuration [FRED DGS10] [FRED DGS2]. This report was generated in the context of material institutional position changes across several prominent hedge funds with disclosed META holdings.