We have written about Meta on many occasions. Some of these reports can be found here, here and here . We revisit the company in the light of the recent Q3 2024 quarterly earnings numbers.
Meta is a remarkable company - in less than 25 years it has grown from a college website to a leading global technology company. It is the first company founded in the 21st century to reach a trillion-dollar plus valuation. To a great degree it has been and continues to be driven by one person, Mark Zuckerberg who is still under the age of 40.
The rest of this report is behind the paywall and only available to paying subscribers. Please do consider subscribing. The cost has been set at the lowest level permitted by Substack and it is the equivalent of one cup of coffee a month. We do not primarily view this as a money making enterprise but need to pay for databases and software which we need for our work