{"id":26205,"date":"2024-05-17T16:38:25","date_gmt":"2024-05-17T13:38:25","guid":{"rendered":"https:\/\/entarabi.com\/?p=26205"},"modified":"2024-05-17T16:42:52","modified_gmt":"2024-05-17T13:42:52","slug":"pif-abandons-its-stakes-in-amazon-and-microsoft","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/05\/pif-abandons-its-stakes-in-amazon-and-microsoft\/","title":{"rendered":"PIF abandons its stakes in Amazon and Microsoft"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-zudgy-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-zudgy-1n7m0yu\">\n<div class=\"flex flex-col text-sm pb-9\">\n<div class=\"w-full text-token-text-primary\" dir=\"auto\" data-testid=\"conversation-turn-7\" data-scroll-anchor=\"true\">\n<div class=\"py-2 juice:py-[18px] px-3 text-base md:px-4 m-auto md:px-5 lg:px-1 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-3 text-base juice:gap-4 juice:md:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-3\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"9d1aca5a-d2ff-4afa-a53e-83e7fdc7f991\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>According to a report by the U.S Securities and Exchange Commission, the Public Investment Fund (PIF) no longer holds stakes in several technology companies such as Amazon, Microsoft, and Salesforce.<\/p>\n<p>The report indicated that the PIF divested its entire holdings in American financial companies and travel sector companies, including shares in BlackRock and Carnival Corp.<\/p>\n<p>The PIF reduced its direct holdings in U.S. stocks by 48.6% by the end of the first quarter of 2024, according to disclosures from the U.S. Securities and Exchange Commission.<\/p>\n<p>The Saudi sovereign wealth fund&#8217;s holdings in U.S. stocks fell to around $18 billion by the end of March, compared to about $35 billion at the end of 2023.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by the U.S Securities and Exchange Commission, the Public Investment Fund (PIF) no longer holds stakes in several technology companies such as Amazon, Microsoft, and Salesforce.<\/p>\n","protected":false},"author":11,"featured_media":26206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[4452,3969,2962],"class_list":["post-26205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-amazon-en","tag-microsoft","tag-public-investment-fund"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/26205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=26205"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/26205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/26206"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=26205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=26205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=26205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}