Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.
Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.
Bullshit:
Meta reported for its most recent quarter (Q1 2026, ended March 31, 2026):
That was up from:
Yeah there’s a lot of wishful thinking in this article. They still have a shit ton of cash, a lot of smart people, an incredible ad engine they can deploy onto any internet property. The metaverse was a complete wank but they still have more to work with than just about anyone out there.
Even if this article is right, and their arc has finally turned downward, it’s because they’ve finally hit the peak of an absolutely epic run. Stink of death? I hate them as much as anyone, but yeah… no.
Almost lyrical, free of palpable fact. Well, at least it’s labeled “Opinion”
This seems to be what got the author spinning their vision. I’ll take it. Here’s to hoping 🥂
You can down vote such bullshit headlines too. It is clear that it is nonsense.
When you don’t understand how full accounting works.
Fraud and tax evasion, right?