Exploring the market's response to Meta's strategic shift, investor impatience, and concerns regarding capital allocation. The chapter highlights Meta's user base growth, social media dominance, and the changing metrics for evaluating tech companies based on platform strength.
Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic tech bets will pay off for investors.
Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News contributor Jon Erlichman and Bloomberg Intelligence senior analyst Mandeep Singh for instant analysis and reaction.
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