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
For the discerning investor who relishes the tension between innovation and skepticism, this blog speaks in a language of nuance. It captures the thrill of dissecting the complexities of a tech behemoth while grappling with the unpredictable rhythm of the market. Here, insight meets introspection, perfect for those who understand that the future of tech is as much about patience as it is about profits.