10 Best US Stocks to Buy According to Billionaires

3. Meta Platforms Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 273

Dollar Value of Billionaire Holdings: $32.46 billion

Number of Billionaire Investors: 36

Meta Platforms Inc. (NASDAQ:META) is one of the best US stocks to buy according to Billionaires. On July 14, Meta announced stricter measures to combat unoriginal content on Facebook. The initiative targets accounts that repeatedly reuse someone else’s text, photos, or videos without adding value or proper attribution.

The crackdown follows a similar policy clarification from YouTube regarding mass-produced and repetitive videos, which rose with the rise of AI that facilitates the creation of low-quality and repurposed media. Meta’s new policy aims to protect original creators, reduce spam, and curb fake engagement on the platform.

The company has already removed ~10 million profiles impersonating large content creators. Additionally, Meta has taken action against 500,000 accounts engaged in spammy behavior or fake engagement, by demoting their comments and reducing the distribution of their content to prevent monetization. These changes will be rolled out gradually over the coming months to give Facebook creators time to adapt.

Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through two segments: Family of Apps/FoA and Reality Labs/RL.