Ed Ludlow

The fact that billions of people can be wearing glasses and might be therefore wearing meta glasses.

I think it's the former.

They have shown a lot of competency in technology, in product development, and then also in distribution.

And so this is not a new thing for Meta.

When we go back and Snapchat was picking up in their product, well, then we saw Reels and it's over $50 billion of revenue.

revenue run rate.

There's OpenAI's Sora, and guess what?

There is MetaAI's Vibes as well.

And they benefit from having a massive distribution, great resources, as well as the tech knowledge and product knowledge to scale these types of products and compete.

So I'm more optimistic on their ability to drive monetization, not only within advertising, because they are upgrading their models, but also beyond advertising, whether, to your point, it's a genetic commerce, because guess what?

A lot of Gen Zers start their shopping

And they start their search on social media.

So there's a huge untapped opportunity there, as well as business AI, where they don't necessarily compete with anybody but themselves in getting a lot of those businesses on WhatsApp on board to spend on their business AI product that we think is a $40 billion opportunity for them.

Shredder Kajuria, always so great to have you on the show.

Thank you from Wolf Research.

Coming up, more earnings, more capex to delve into.

Tesla announces a new TerraFab build-out as it looks to make its own chips.

We're going to speak with Tasha Keeney of ARK Invest.

This is Bloomberg Tech.

There was Tesla CEO Elon Musk outlining ambitious plans for a Terafab, a chip factory for Tesla, in an effort to alleviate chips and parts constraints.