Meta has been a cornerstone of this forum. I want to discuss the elephant in the room. Aside from already existing capex and current historic low valuation, does Meta’s new apps (prediction market, business agent) really make sense to you? Usually I’m able to valuate a company’s revenue stream pretty close but given how much uncertainty there is, I do not know how to value the revenue stream from Meta’s latest effort.
Any thoughts are appreciated!
To me, Meta is spending crazy to try to build a AI computing foundation for future so it doesn’t stay behind its peers. But it also raise questions like are these new apps really benefit that much from AI?
Position: Meta \~ 7% of my portfolio