Jon Quast
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Appearances Over Time
Podcast Appearances
Thanks to our producer, Dan Boyd, and the rest of the Motley Fool team.
For Rachel, Matt, and myself, thanks for listening, and we'll see you next time.
So to your first question, Tyler, no, I'm not a Meta shareholder personally.
That's not a indictment on the company.
I've gone on record that Meta is one of my more favorite companies in the Magnificent Seven.
But to your second question, does this change my view of the company?
The answer is not yet, but it could potentially.
Specifically with the issue of mental health, I think that all the statistics point to an indisputable conclusion.
We do have a mental health epidemic, unlike anything we've ever seen.
And I believe two things can be true here.
First, social media apps are engineered to maximize user engagement.
I don't think that that's a controversial take.
It is how they generate revenue.
Of course, they want their users on there as much as possible so they can generate ad revenue.
The second thing, I mean, I wouldn't blame social media apps entirely for mental health issues, but it does seem to be a contributing factor when it comes to this topic.
I think if you're new to this discussion, the book I'd recommend is the anxious generation by Jonathan Haidt.
It does a great job of laying out the rise of anxiety in Western culture, also potential remedies, some suggestions by the author.
I know this might sound off topic for an investing podcast, but I do believe it is pertinent.
The jury verdict here is far from the final conclusion when it comes to Meta.
Meta is going to appeal this case, it's going to go higher.