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Meta’s AI arms race

Thomas Chua by Thomas Chua
May 10, 2024
in Investing
Reading Time: 10 mins read

Ah… it’s Q1 and Mr. Market already doesn’t like what Meta has put out despite the company's strong performance. Let's examine Meta's recent earnings and determine why investors remain cautious, and if that apprehension is justified. Meta kicked off the year with impressive figures, posting a 27% increase in revenue to $36.5 billion. This robust growth has dispelled lingering concerns regarding the impacts of Apple's iOS14 updates, fierce competition from platforms like TikTok, and a broader economic slowdown that had dampened ad spending.  Ironically, Apple's stringent privacy changes, in...

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