It's really hard for me to understand how Meta makes so much money, and why the stock is growing so fast. I wonder how analysts come up with such high valuation (or maybe they don't and it's just an AI bubble?). Meta isn't diversified and their products are clunky and buggy. How long will they be able to maintain their profit? are they capable to come up with something revolutionary enough to replace their profitable products?
Material news for observers of AI infrastructure spend given the DeepSeek market torpedo this week:<p>CapEx Full-Year 2024: $39.23B<p>Expected to increase to $60B-$65B in 2025, largely to support AI efforts.<p>NVDA bumped after hours on this news about 1.6% at the moment after a down day
Reality Labs lost another ~$15 billion over FY 2024, between that and the Vision Pro apparently falling short of Apples expectations it doesn't seem like VR is going anywhere fast.
TikTok is getting banned but Facebook is way more harmful than TikTok. TikTok has never caused a genocide, but Facebook has, in Myanmar. Investigations revealed that Facebook's algorithms played a significant role in amplifying harmful content. Amnesty International reported that these algorithms "proactively amplified" anti-Rohingya messages, effectively turning the platform into a tool for hate speech and incitement to violence.<p>In October 2021, Frances Haugen, a former Facebook product manager, came forward as a whistleblower, and revealed that Facebook consistently prioritized profit over user safety and public good. She stated that internal documents showed the company was aware of its platforms being used to spread hate, misinformation, and violence but chose to hide this evidence to maintain user engagement and revenue. She asserted that Facebook's algorithms favored content that generated anger and division, which in turn increased user engagement.<p>The revelations forced Facebook to clean up its act — and lose revenue in the process — but now Zuckerberg is going back to inciting genocides for profit.<p>Facebook is the app we should be banning.