The author criticizes Bloomberg and META for damage control after market crash, mentioning
The author criticizes Bloomberg and META for damage control after market crash, mentioning Meta's continued spending on data centers and deals with $CRVW, Google, and $ORCL.
“Just Bloomberg and $META doing damage control after crashing the market with Meta Compute framing: Spokesperson: "Meta is still hungry for even more computing power. It is still moving forward with plans for expensive new data centers and recently inked major computing deals with $CRVW, Google, $ORCL, and others." Just dropped that in with the Meta Muse announcement, and evenn threw in the "expensive" framing with DCs to signal capex. But little late given we're likely seeing a lot of margin liquidation cascades and heavy losses from media framing earlier.”Original post:X / @aleabitoreddit ↗
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Author frames Meta's announcements as damage control after crashing the market, highlighting expensive capex and unfavorable media framing.
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