Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Facebook Inc (FB) Agrees to Revamp Trending Topics Feature

To try and settle the contention that the company shows more liberal stories than conservative stories in its trending topics section, Facebook Inc (NASDAQ:FB) has agreed to revamp its trending topics feature so that there is less bias risk. Among the changes Facebook will make include eliminating the ability to assign an “importance level” to a topic through assessment of the topic’s prominence on the top-10 list of news outlets, more training for all reviewers that emphasized that content decisions may not be made on the basis of politics or ideology, and additional controls and oversight around the review team, including robust escalation procedures. Facebook Inc (NASDAQ:FB) investors hope the additional measures taken will put the filtering matter to rest and prevent any additional government probes or regulations down the road. Having said that, let’s analyze how smart money investors have positioned themselves in Facebook.

Follow Facebook Inc (NASDAQ:FB)
Trade (NASDAQ:FB) Now!

Facebook Inc (NASDAQ:FB) investors should pay attention to an increase in activity from the world’s largest hedge funds recently. There were 164 hedge funds in our database with FB holdings at the end of March, up from 146 funds a quarter earlier. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Johnson & Johnson (NYSE:JNJ), General Electric Company (NYSE:GE), and, Inc. (NASDAQ:AMZN) to gather more data points.

When looking at the institutional investors followed by Insider Monkey, Viking Global, managed by Andreas Halvorsen, which initiated a stake during the quarter, holds the number one position in Facebook Inc (NASDAQ:FB). Viking Global has a $2.2972 billion position in the stock, comprising 10.1% of its 13F portfolio. Sitting at the No. 2 spot is Lone Pine Capital, led by Stephen Mandel, holding a $1.3023 billion position; 6.5% of its 13F portfolio is allocated to the stock. Remaining professional money managers that are bullish contain John Armitage’s Egerton Capital Limited, Philippe Laffont’s Coatue Management and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

On the next page, we are going to take a look at some funds that initiated stakes in Facebook during the first three months of 2016.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.