Meta just reported Q3 earnings
Revenue up +26% Y/Y, engagement accelerating, and yet the stock fell 8%.
In this episode of Around the Desk, Sean Emory, Founder & CIO of Avory & Co., breaks down why the market is suddenly questioning Meta’s $70B+ AI spending plans, what this means for ROI, and whether we’re entering “Metaverse 2.0” territory.
We explore:
• Why Meta’s core business is stronger than ever
• How AI infrastructure is driving engagement and ad performance
• Why investors are beginning to push back on CAPEX at all costs
• The tension between long-term vision and near-term returns
• What this shift could mean for broader AI infrastructure players
⚡ Clear growth, rising scrutiny: Meta’s results mark a turning point in how markets judge AI investment.
