Tiger Global Slashes Meta Stake by 63% as Coatue Increases Bet

Tiger Global Management slashed its stake in Meta Platforms Inc. by nearly 63% in the third quarter, reducing the firm’s biggest US long bet to its sixth-largest.

By Hema Parmar · Bloomberg Markets

Tiger Global Management slashed its stake in Meta Platforms Inc. by nearly 63% in the third quarter, reducing the firm’s biggest US long bet to its sixth-largest.