Hunterbrook Capital discloses short position on Meta Platforms citing slowing Muse adoption
META Meta Platforms Inc
$718.67 -0.31%
View chart & analysis → - 1Hunterbrook Capital disclosed a short position on Meta Platforms based on alternative data showing a slowdown in the adoption of its AI application, Muse.
- 2A 8.1% week-over-week decrease in Meta's weekly Muse downloads was confirmed for the seven days ending October 7.
- 3The decline in Meta's daily net user growth rate in the first week of October was 62.4% compared to the average daily growth rate in late September.
So what's the key point?
Data shows that the number of users for Meta's AI service is decreasing. Consequently, Hunterbrook Capital has placed a bet that the company's stock price will fall.
Source Investing.com · View original ↗
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