Thread regarding Facebook (FB)

Paying billions for a mess

They are burning up to $145 billion on AI this year, and their own CEO just admitted the whole reorganization has not delivered what they hoped for. The strategy keeps changing, they keep cutting people, and the AI tools that are supposed to be the future are making basic mistakes and even banning real businesses by accident. Meanwhile the stock is down 24% from its high. Investors are getting tired of paying for promises that never seem to land.

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