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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
by 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)