We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Meta Platforms, Inc. (NASDAQ:META) is one of the long-term stock picks.

Social media giant Meta Platforms, Inc. (NASDAQ:META) is another long-term David Tepper stock pick. It first appeared in his hedge fund’s holdings in the first quarter of 2014. It remained in the holdings for two more quarters. Then, Appaloosa held 1.6 million Meta Platforms, Inc. (NASDAQ:META) shares that were worth $185 million at the end of 2016’s first quarter. Since then, save for the second quarter, the firm has continued to hold the shares. Its latest stake in Meta Platforms, Inc. (NASDAQ:META) is worth $249 million and comes courtesy of 436,500 shares.

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The social media company came under the scrutiny of European officials earlier this month after the European Commission ordered it to give access to WhatsApp to its rivals in the AI chatbot industry. The Commission’s order came after Meta Platforms, Inc. (NASDAQ:META)’s French and Spanish rivals complained to the authorities. On June 9th, Truist kept a Buy rating and a $840 share price target for the firm after the launch of new subscription plans.

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