Great post, both on the substance and the form. You were spot on late last year about Meta. The stock has surged 150% since then. I also like how you use graphs to illustrate your point convincingly. The capex, headcount, and user count diagrams perfectly tell your story -- costs are under control and users are not fleeing FB/IG. Thank you Devin!
Great dive into Meta's real cogs under the hood. It seems Meta is the company that many like to hate on, so much so that their share performance has an additional 'emotional margin'.
Great post, both on the substance and the form. You were spot on late last year about Meta. The stock has surged 150% since then. I also like how you use graphs to illustrate your point convincingly. The capex, headcount, and user count diagrams perfectly tell your story -- costs are under control and users are not fleeing FB/IG. Thank you Devin!
Excellent writing and the charts are telling!
Great dive into Meta's real cogs under the hood. It seems Meta is the company that many like to hate on, so much so that their share performance has an additional 'emotional margin'.
Good article, but what would be your approx valuation of Meta now?