Last August, I couldn’t have been clearer. I wrote at length in a premium post about why Meta was headed for disaster. Simply stated, paying young men $300 to $1,000 million a year to sit on their butts and shoot the breeze a few hours a day isn’t a business model, but that’s PRECISELY what they were doing inside MSL. I was so uneasy about the post that, for the only time in Slope history, I deleted it shortly after posting it. All the same, my words were prescient.
The profligate waste has already taken nearly 20% off the market cap, which is hundreds of billions of dollars. This is government-level stupidity, unfit for a capitalist enterprise.
Think META can’t sustain a fall? Think again. Last time it stumbled, it lost about 75% of its value.
Their AI efforts will fail. I said it in August, and it will be true. You’ll see.
