No doubt the Q was a good one, but how much higher are expenses going to be going forward from here both for the Metaverse and AI? $Meta Platforms, Inc.(META)$
Pretty sure I saw $30 billion/year on AI and increasing Metaverse expenses which were over $4 billion just for this Q.
Stock now up 50% in 3 months, 400% in a little over a year and it was so low to begin with due to excessive expenses. Not short - not bashing - just questioning how all the coming increases in expenses are being ignored at the moment.
They cut 22% of the workforce, consolidated their footprint, and had a 23% increase in revenue in the last 12 months.
Those things are not going to be repeated even with the revenue from election cycle spending. Could be peak earnings for some time or maybe it goes to $1000/share???[Smart][Smart][Smart] haha! At least, $500/share .
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- quixzi·02-02HODL! 🚀💎LikeReport