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Meta at $1.6 Trillion: Is Zuck Building the Next iPhone… or the Next Second Life?

Meta at $1.6 Trillion: Is Zuck Building the Next iPhone… or the Next Second Life?

KAHROS Team

TL;DR

Quick Summary

  • Meta (META) is a $1.6T giant again, powered by AI-boosted ads while still spending heavily on AR/VR and smart glasses.
  • Reality Labs is a massive, long-term bet with uncertain payoff, funded by an extremely profitable Family of Apps.
  • At current prices, the market is paying for both continued ad dominance and at least some success in building the next computing platform.

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