Independent thinking for complex markets and current events
Construction workers are swarming a small, rural Louisiana community as they race to build what will become one of the biggest data centers in the world. The drastic change is causing mixed feelings among locals. (AP video: Sophie Bates).
Electricity bills are skyrocketing and water reserves are dwindling, yet Big Tech giants like OpenAI, Meta, and Amazon are thriving. They’ve secured billions in tax breaks while you foot the bill through higher rates and taxes to power their AI servers. ChatGPT’s true cost goes far beyond its $20 monthly subscription: consumers are shouldering $9.3 …
Meta’s reported profits might be misleading because of how it accounts for depreciation on its capital base. James Chanos pointed out that Meta’s $210 billion capital base as of June 30, 2025, is depreciated over 11 to 12 years. The real economic life of the GPUs it relies on could be as short as 2 …
by sdd-wrangler8 Oh how I remember regards making fun of people who were bullish on META. I remember how you regards said its a dead company. How its over for them. How you laughed and how every moron believed that a company that has a social media site with billions of monthly users and shitload …
Mark Zuckerberg is going all out to rehabilitate his image with Donald Trump and his supporters. Semafor was the first to report that Nick Clegg, the company’s president for global affairs, would be departing after several years at the helm. A former British deputy prime minister, Clegg was one of the most prominent public faces …
Meta’s Instagram started off the new year by telling at least 60 workers their jobs were disappearing, sources told Business Insider. The change at the popular platform happened this week and affected technical program managers across the Instagram organization, according to two people familiar with the company and a post to Blind, an app popular …
“Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’” https://www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html
