Goodbye Facebook
PIF divests from Meta, FedEx, Shopify amid Saudi budget woes
The sovereign wealth fund made new investments in Uber and Lucid Group, as well as in video-game makers Electronic Arts and Take-Two
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Meta CEO Mark Zuckerberg and his wife Priscilla Chan at the inauguration of U.S. President Donald Trump last January at the Capitol in Washington D.C.
Add The Circuit on GoogleSaudi Arabia’s Public Investment Fund bid a lucrative goodbye to Mark Zuckerberg’s Meta stock after the tech company’s shares rose 28% in the second quarter.
The divestment by the $1 trillion sovereign wealth fund from Facebook’s corporate parent was one...