"Dan Loeb's Latest Investment: The "Magnificent Seven" Stock You Need to Know About"

Billionaire investor Dan Loeb reduced his stakes in Amazon and Microsoft while increasing his position in Meta Platforms in the fourth quarter of 2023. Despite the gains in Amazon and Microsoft, Loeb's decision to take profits and diversify the hedge fund's portfolio could prove beneficial in the long term. Meta's focus on business messaging and smart glasses with embedded AI assistants, along with the growth potential of Amazon's and Microsoft's cloud businesses, are expected to contribute to their long-term success.