Facebook

“If you look at the CAC on Meta, It's probably 20% lower than what the true CAC is”

“I think the challenge that India has is that India doesn't have the ecosystem that the Bay Area has, right? In the Bay Area, you had Adobe that passed to Google, who passed to Facebook, who passed to, you know, like, there's just this, like, legacy of learning…”

“A GP can get fired for missing out, you know, the next, you know, Facebook, the next Uber, right? Like, that is error of omission, and like, that's fireable. But LPs on the flip side only get fired if you invest into a mentor. So in some respects, like, the in…”

“They can get, I, they haven't monetized it yet, but they gotta put ads in this thing, and will they do agent of commerce?”

“And so if Muse works its way into Instagram, which a lot of people do use, it'll probably get a lot of adoption. If it's a separate app, it's a little bit trickier.”

“So I don't think it's an instinct clone. I think it will compete with instinct.”

“My take is actually it's why you buy Meta today, because you've got the most clear, unwavering PMF for this product. And Zuck is the one who owns the core distribution channel, and Zuck has been working on this product.”

“One of the early indications of that you saw was when Meta released Lama four that was a bit of a disaster, and interestingly, what we saw is that on our held out private benchmarks, the model is actually underperforming, but on all of the major public benchma…”

“Yeah, so, Chad is calling it out, but I don't think that, I think this one, I think this one's gonna flop. For sure.”

“If you're going to make a large announcement, unless you are Microsoft or Apple or Meta or something, you're not going to get same day or next day coverage. You're going to need to reach out to reporters two to three weeks in advance to give them a heads up, t…”

“When I was at Meta on the WhatsApp side, we had that problem. The WhatsApp app for whatever reason is built in a way where you can, I don't know, maybe this is common. I don't know enough about mobile apps, but it's built in a way where you can break it down a…”

“And then also for enterprise space, you know, if you look at Google, Facebook, Intel, all of these were startup at some day in the Valley. So the risk taking capacity of the enterprises or the customers, early adopter customers is also high. So that's where it…”

“Right now we have anywhere from, you know, two to 3000 ads live at any given time. We're testing out, you know, 500 to 800 creators on a weekly basis.”

“Ad buying is like a commodity, right? Now, yeah, before, a few years ago, you have to be really, really good at ad buying, but now Meta does all of that for you already, right? You don't need to do the targeting. You don't need to do all this stuff, right? All…”

“They're going to have a personal assistant that's going to come in WhatsApp. I don't know if they're launching it in a day or in three months, but it's coming.”

“If GDPR didn't exist and the other laws in the US didn't exist, Meta would be ripping. They just can't train on their data properly.”

“If Zuck expired, Meta's stock price would increase.”

“What Meta doesn't have is what Palantir has, which Palantir has the Alex Karp effect. Alex is really good at pumping up the PE ratio of the stock, and Zuck, I agree, is the opposite.”

“The fact that they're coming after like Facebook and Google makes no sense. Like it's so easy to switch between Google and some other search engine if you want. It's almost impossible to change the hospital that you visit because it is quite literally a region…”

“So Meta was that first example. They wanted a general purpose agentic CPU. There wasn't anybody out who could give, give it to them. They came to us and said Hey, why don't we do this together? And that's how we got into it.”

“I mean, Casper got to scale, but lots of CAC, and that's why a lot of these business models, they tend to degrade over time, because all the economic value goes to Google and Facebook.”

“And the app store in some ways was an enormous threat to the web. Like it took people away from the web. It was probably one of the biggest, between it and Facebook were like the two biggest forces that really made the web less interesting.”

“They're a great company, but none of these companies can make hardware, and they all have hardware envy.”

“They sold two million. They didn't sell twenty million. We sold two million headphones in Brooklyn. You know, it's not a really, it's not a massively successful.”

“That, I mean, if you separate it from the layoffs and all the other kind of organizational questions, like, this is, to me, exactly what companies should be testing and doing and figuring out what the new operating model is and that teams should look different…”

“I always find it a little bit rich when a ultra profitable publicly traded 1.5 trillion dollar company with massive margins is like, we need to find cost savings. I mean, I guess, like if you know, obviously it's important to perform for Wall Street, but I don…”

“Meta agrees to pay eighteen billion to settle U.S. Lawsuits over children's social media addiction, and it's going to pay it over the next decade, and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all U.S. States to res…”

“There's no such thing as social networks anymore in this world that you're hoping for, where there's no reverse chronological order, or there's no algorithmic feed. it, it's long past the point in time where that was even a possibility, and I think that You k…”

“Think of what Meta would be Without Instagram. That company might be gone.”

“The biggest thing that Microsoft has going for it is that infra. They own so many of these data centers. They're spending so much on build out. No matter what model runs on top of that, Microsoft is going to win.”

“Giving broad access to AIs does not solve the problem of the AIs having drives of their own that are highly misaligned and the AIs being power seeking in various ways, or the AI is trying to take over which could happen, you know, Via various routes.”

“When Mark thinks about super intelligence, he's not really imagining anything very concrete. He just means like an AI that's like a really awesome assistant that is in your smart glasses or whatever. And like, I'm just like, that's not really like what I mean …”

“If you're optimizing for engagement, which is what social media does, you can't also optimize for accuracy and quality, because that tends to not be what people engage with.”

“I think publicly, Meta and OpenAI have bought a ton of AMD chips, and so, we're increasingly seeing that all the AMD supply is also being allocated.”

“Nine, top tech companies had some three trillion dollars of off balance sheet commitments, mostly related to AI. Those obligations are growing faster than traditional capex, which totaled about six hundred billion over the past year past year they reported, an…”

“Meta's gigantic Hyperion data center project in Louisiana, which is the size of about 1700 football fields, helps explain how obligations wind up off tech companies' balance sheets. Though Meta is the builder, neither Hyperion nor the twenty-seven billion in d…”

“I think right now, if you're going to invest in the new Neolab, you're basically investing, you know, in the Quora, in the stumble upon when Facebook X came about.”

“If we were to look at purely social media, like if you really, you know, if I were, you know, if I had to really pick, Facebook likely is interesting because I actually do think it is most sort of a default version of people because you go to LinkedIn, it's ve…”

“Look at what's happening to Meta right now. They're getting sued because supposedly their product led to social media addiction and they're being sued for over a trillion dollars right now. And this comes on the heel of them losing a six million dollar jury tr…”

“I don't think owning the developer is existential for AWS. I definitely don't think it's existential for Meta. It's a hundred percent existential over the medium term for Microsoft.”

“I think OpenAI and Anthropic are clearly on the frontier. Who knows what's happening with Google and then Grok and Meta are chasing them. Meanwhile, the Chinese are very capable, very smart, and also definitely distilling these models to sort of stay about six…”

“There's a bit where had they leaned into advertising immediately as soon as ChatGPT was a hit, I think they would have a killer ad product right now. I think that Google would be in much bigger trouble. I think Meta would be in much bigger trouble”

“In a world where Meta was run by anyone other than Mark Zuckerberg, they would not be on the leading edge.”

“For meta, AI-generated content, to the extent they're the ones generating it, is actually a worse margin profile than what they have today, because what they have today is free.”

“Biggest impact of the models, the biggest monetization right now is probably not anthropic opening. It's the incremental gain that is happening for Google and meta.”

“I think if they had made that Communicate that more consistently. They would be in a better place generally from a PR perspective. They would have been a better place relative to Apple, and I think they would have an easier time right now convincing Wall Stree…”

“The other problem is they've spent Cumulative hundred some billion dollars on Oculus”

“You want those three things spun up because you can scale to your first 1,000,010 million ARR, Just off of those three things. And then obviously, you know, you're investing into the site, you're investing into founder-led content. There's like the other thing…”

“If you have poor conversion tracking, Meta doesn't know who those people are, and it just randomly targets people, and you, you'll have a super high CAC, you'll say, ah, pay doesn't work for me. I'd say most of the time, people haven't done the actual setup co…”

“The biggest differences are first in that, like, Meta and Google are not optimized for, like, B to B SaaS usage-based products. Like, they go absolutely nuts with a, so you're telling me there's a predictive revenue of a one person could be a 50,000, you know,…”

“Like if you, let's say you have a hundred K meta budget, You probably need at least 400 to 500 new creatives a month. Otherwise, you're going to plateau. You're going to get out-competed.”

“When you're paying these people nine figures, 10 figures many of those people are gonna basically spend a year and hit a point where they're like, okay, I have a hundred million dollars in the bank and I'm kind of good now.”

“I don't think this will be the last of the exits that we see out of MSL over the next even one or two months.”

“Zuckerberg, please explain how this concept is compatible with the fact that you have sued every startup, many of which I've invested in, that has ever tried to index or use the social graph at Instagram or Facebook.”

“He is going to have the best open source model in the next year. I guarantee it.”

“We offered to buy the Facebook for a million and a half dollars, which was a lot for us.”

“Because Mark Zuckerberg wants you to have a feedback loop of likes, and what people are saying about you in the comments, because if he can get you hooked on that, you will work for free, and his advertisers will have something to buy.”

“This was when he was kind of persona non grata in tech and mainstream for supporting Trump and not supporting Hillary while he was at Facebook. So it was pretty soon after he was pushed out, fired for political beliefs at Facebook, which is kind of mind blowin…”

“In Richland parish, Louisiana, where Meta's building a large data center, teachers received a 50,000 dollar bonus this year because of the increased tax revenue from their investment there.”

“I don't, like, knowing how commercial this team is, I don't think they would open source or open make the model open weights if they felt like there was going to be exceptional demand for it.”