Meta's AI capital spending ballooned to $130-145 billion, cratering free cash flow 91% and sending shares down 10%, while social media revenue surged 28%.
META dominates India, a market 4x the size of the US with no rival close, boasting 837 million WhatsApp and 531 million Instagram daily users.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Two things happened to Mark Zuckerberg's Meta (NASDAQ: META) yesterday. Earnings showed how much the company was investing in AI, and data centers particularly. This drove the stock down 10%. At the same time, it became clear that it had become the dominant social media presence in the world's largest nation based on population. Daily active users of its Instagram platform are rising at a level that is hard to imagine. Meta should abandon the AI sector, where it is already a loser, for it, and one where it cannot catch up. It should focus on its core business, which is doing better than expected.
Meta's top line growth rate remains impressive based on its size. In the quarter, revenue rose 28% to $60.8 billion, which keeps it on track to be one of the largest companies in America by that yardstick. Ad impressions were almost as strong and were up 14% year over year. These are the company's revenue engine.
#daily #size
META dominates India, a market 4x the size of the US with no rival close, boasting 837 million WhatsApp and 531 million Instagram daily users.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Two things happened to Mark Zuckerberg's Meta (NASDAQ: META) yesterday. Earnings showed how much the company was investing in AI, and data centers particularly. This drove the stock down 10%. At the same time, it became clear that it had become the dominant social media presence in the world's largest nation based on population. Daily active users of its Instagram platform are rising at a level that is hard to imagine. Meta should abandon the AI sector, where it is already a loser, for it, and one where it cannot catch up. It should focus on its core business, which is doing better than expected.
Meta's top line growth rate remains impressive based on its size. In the quarter, revenue rose 28% to $60.8 billion, which keeps it on track to be one of the largest companies in America by that yardstick. Ad impressions were almost as strong and were up 14% year over year. These are the company's revenue engine.
#daily #size
1 day ago
