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To make up for that, they should buy at $100 a share then announce that they’re going to reign in some of that money they're burning through. “As for capital e

To make up for that, they should buy at $100 a share then announce that they’re going to reign in some of that money they're burning through. “As for capital expenses, Altimeter makes a startling claim: excluding metaverse investments, Meta is still spending more on capex than Apple, Tesla, Twitter, Snap, and Uber combined, with much of the growth apparently coming in the past three years” https://www.theregister.com/AMP/2022/10/24/shareholders_to_meta_cut_staff/ https://www.theregister.com/AMP/2022/10/24/shareholders_to_m...

HWR_14 4y ago
It's not surprising that Meta spends more on capex than Apple, Twitter, Snap and Uber combined. It's very surprising that it spends more than Tesla. I'd want to see a spreadsheet to believe these claims, as (after Metaverse investments) Meta seems spent less on CapEx last year than Tesla. Of course, it's possible that the 3-year window was chosen specifically to average down Tesla's CapEx as opposed to a 1 or 5 year window (which has a higher average)