Andy Halliday

Yes, it was news.

I just wanted to point out that Meta has lost 17% of its value since just a number of days ago.

And that because...

The investor community is very nervous about the mismatch between what Zuckerberg is spending in order to try to catch up in the world of AI and what the probabilities are of is actually matching or exceeding something in a way that would actually generate enough revenue to offset that enormous investment.

Which is...

I believe it was surrounding the whole idea of AI being not that effective and not generating- Back then?

Yeah, even back in April.

That was the first sort of bubble pop, if you will.

It must have been.

Then things roared back.

Why?

Because companies are investing heavily in AI.

Yeah, because Meta made a big splash at the outset by offering their Lama models as open source and sort of staking a claim to the open source space.

But the Chinese open source models are superior.

And remember, Lama 5 came out, and it was not that impressive.

And so you have all these cascades of impact on the Meta stock price.

Here's another little tidbit.

Meta platforms internally projected, meaning that somebody released this internal projection,

internally projected that 10% of its revenue last year, $16 billion came from ads promoting frauds.

Now that little snippet is not necessarily related to AI, right?