Meta breaks ranks on FX hedging
Social media firm is first of three unhedged Mag 7 tech companies to begin using currency forwards
Meta – one of three Magnificent Seven technology firms that had shunned foreign exchange hedging – has begun using derivatives to manage short-dated currency risk, according to company filings.
In its annual 10-K filing with the US Securities and Exchange Commission (SEC), published on January 29, the social media company said that in 2025 it started using “short-term foreign currency forward
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