$META 240426 470 Put.US $Meta.US From Hedgeye: New Short-Meta Platforms,Inc.(META): moving META to an active short and hosting a Black Book today at 2pm ET; we believe investors are underestimating the impact that recent regulatory and platform privacy changes will have on Meta’s business; we also can‘t ignore the wave of negative anecdotes from long-tail advertisers regarding efficiency declines resulting in budget reductions over the last 60-days; meanwhile, the data series we track for Meta are showing signs ofslowing/underperformance relative to an improving ad-market - at the same time we are staring down increasingly difficult growthcomparisons NTM; META is now a best idea short.

https://x.com/hedgeyecomm/status/1782386367160373353?s=46