I’ve made allusions in the past to The Tale. It’s truly the most incredible story of my life, but I can’t tell it for years. In the meanwhile, I’ve suggested multiple times that Meta’s deep-pocketed effort to take over AI would ultimately flop. The first hint of this has come out in the form of Meta kicking 600 of its AI employees out the door, giving them sixteen weeks of severance as a thank-you.
I’m short META, although it’s a total bore. Indeed, in this laughably over-supported megabull market, META has gone nowhere since………..June. That’s jaw-dropping.
It’ll take time – – a long time – – but the day will come when the Meta effort will be shown to have been an expensive flop which did nothing but line the pockets of a tiny few.
