Meta Needs to Stop Spending as If It's a Cloud Giant: Lee

Meta Needs to Stop Spending As If It's A Cloud Giant: Lee

Dave Lee criticized Meta for spending on AI like a cloud giant, with capex reaching up to $145 billion. The post says Meta lacks Amazon- or Google-style cloud sales growth from AI. The key issue is capex without matching visible revenue.

Why it matters: HKR-H/K/R all pass: a sharp Meta capex mismatch, a $145B figure, and infra-spend anxiety. It is commentary rather than a major release, so it sits at the 72 threshold.