David Rosenthal: belief

Transcript context

…This company’s in the business of scale economies. Yes. I think that scale economies on the infrastructure side, on the GPU investment side. I think that scale economies on the advertiser side and on the ad experience side. Just by having so much more scale, they are the default standard way to spend money for advertisers. Think about on the tooling side, think about the experience of being an engineer at Meta, and the thousand engineer years of work that comes out of that company every year on making the developer experience of working there better. It’s crazy with the revenue scale that they have, how much they can amortize these fixed costs.…

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