Topic

META

A collection of 51 issues

Meta's biggest competitor(s)

FTC’s lawsuit against Meta may be a colossal waste of time for everyone involved, but it did have one silver lining. Thanks to this lawsuit, we got access to a lot of documents and research work (both internal and external) which helped investors understand the company a bit better.

Some Portfolio Changes

I made a few changes in my portfolio yesterday which I will discuss behind the paywall. In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 64 Deep Dives here. Subscribe

Messaging Opportunity and Group Chat Dynamics

OpenAI has started piloting group chats for ChatGPT, initially in Japan, New Zealand, South Korea, and Taiwan. It’s a simple idea with potentially big implications: bring multiple people and the model into the same conversation so the AI can search, summarize, draft, compare options, and keep a running context

Meta's GEM

Back in March 2025, Meta published an interesting blog post highlighting their innovation in their ad infrastructure. One such key innovation was their Generative Ads Recommendation Model or GEM. GEM, the largest foundation model for recommendation systems, is essentially a massive reorganization and upgrade of the AI that runs advertising

Digital Advertising Industry Snapshot, Portfolio Change

As is the tradition in every earnings season, I am sharing my digital advertising Snapshot after 3Q’25 earnings. Digital ads market growth has accelerated to 18.4% in 3Q’25 (vs 15.7% in 2Q’25 and 14.1% in 3Q’24). Meta continues to gain market share every

The Great Decoupling of Labor and Capital

A programming note: I initially wanted to cover Microsoft’s earnings today, but I am changing the schedule a bit as I felt more inspired to write today’s piece. Almost two decades ago, Hewlett-Packard (HP) was the first tech company to exceed $100 Billion annual revenue threshold in 2007.

Meta 3Q'25 Update

Let me start with the conclusion: while Meta’s stock is down ~10% after earnings, the company remains extremely well positioned for the long-term. Meta can, however, still be uncomfortable to own in the short-term as the company is going to navigate pretty aggressive capex plans next year. Nonetheless, I

The coming debt deluge?

One of the core differences of the current AI revolution from the earlier bubble periods was that almost all of the funding so far has come from operating cash flow (OCF) of some of the most profitable companies on earth! Despite massive capex increases in recent years, all the major

Less is more?

Just yesterday, I was wondering about the profound impact “the cat paper” had on so many companies and wrote “Perhaps someone is going to publish a paper today or in a couple of years that may fundamentally alter the tech landscape 5-10 years from now. This makes analyzing some of

Meta's monetization game

Back in 2022, Meta was facing onslaught from multiple directions: a) Apple’s App Tracking Transparency (ATT), b) regulatory threats from Europe (and sometimes even the US), c) competition from TikTok, d) rising capex with uncertain pay-off, and e) persistently rising operating losses in Reality Labs with even more uncertain