Meta Is Getting More Efficient


  • The operating income decline of 2022 should be at least partially reversed soon.
  • The 2023 expense guidance has been lowered due a slower hiring trajectory, a lower cost of revenue and revisions with respect to facilities.
  • CEO Mark Zuckerberg talked about compounding earnings in the 4Q22 call and the stock looks cheap for long-term investors if he can deliver.
Facebook,Instagram And WhatsApp Experience Global Outage

Justin Sullivan


My thesis is that Meta (NASDAQ:META) will be getting more efficient with their spending in 2023. It doesn’t mean they will stop making metaverse investments, but they are being more careful than they were in 2022.

The Numbers

Google (

Disclosure: I/we have a beneficial long position in the shares of META, AAPL, AMZN, GOOG, GOOGL, VOO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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