Private Equity Firms Are Getting Rid of Their Equity

Published on March 19, 2025

Private equity firms are called that because they own stakes in the companies they buy. Today, this assumption is looking ever more outdated.

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Cathie Wood Sells Meta Shares for First Time in Nearly a Year

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Cathie Wood’s Ark Investment Management LLC is cutting its stake in Meta Platforms Inc. for the first time in around a year, the latest sign of a downturn in fortunes for big US tech stocks.

Musk’s xAI Startup Joins Microsoft-BlackRock $30 Billion AI Fund

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Microsoft Corp., the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s board, are joining forces with one of its chief rivals.