Accounting for 7.27% share ($2.96 billion) in the billionaire’s portfolio, Meta Platforms, Inc. (NASDAQ:META) ranks as Philippe Laffont’s top stock pick. We recently published a list of youngest hedge fund billionaires and their top stock picks.
TheFly reported on February 10, 2026, that Meta Platforms, Inc. (NASDAQ:META) is working on an internal prototype for a stand-alone application called “Instants,” which is designed to send disappearing photos, according to Business Insider.
Reverse-engineering expert and mobile developer Alessandro Paluzzi’s screenshots of the project showed Meta’s ongoing efforts to experiment with fleeting, camera-first social experiences outside of Instagram. Investors view Instants as a reflection of Meta’s approach to developing lightweight, engagement-driven products that could become stand-alone growth engines or be reintegrated into its Family of Apps, thereby helping protect user attention from competitors such as Snapchat while increasing content creation and sharing frequency.
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This product innovation coincides with Meta Platforms, Inc. (NASDAQ:META)’s ongoing efforts to tackle European regulatory challenges.
On February 10, 2026, Reuters revealed that the EU’s top court had extended a five-year legal battle by sending WhatsApp’s challenge to a $268 million GDPR fine back to a lower tribunal. The decision provides Meta procedural relief and may have an impact on the course of more general EU privacy enforcement cases, even though it does not completely remove possible penalties.
Meta Platforms, Inc. (NASDAQ:META) develops social media and communication applications, including Facebook, Instagram, and WhatsApp. The company generates revenue primarily from advertising and investing in emerging technologies through its Reality Labs division.
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