Meta and Reasonable Doubt
By stratechery
Category: Technology › Platforms
After Meta raised its 2024 capex to $35-40 billion, investors panicked. I revisit Meta Myths and Facebook Lenses, explain why most capex bought Nvidia GPUs, unpack the Meta stock reaction and short term capex costs, and weigh my skepticism against the long run case for Meta, AI investments and investor patience.
Rolly's Take
If you find yourself navigating the turbulent waters of tech investments with a discerning eye, this blog resonates with you. It's crafted for those who appreciate the intricate dance between skepticism and optimism in an ever-evolving digital landscape. Here, the examination of Meta's ambitions unfolds like a philosophical debate, inviting you to ponder long-term visions amid short-term volatility. It speaks to your hunger for deeper understanding, challenging you to consider not just the numbers, but the narrative behind them — a narrative that could redefine how you view innovation and investment alike.