Meta 通过 Muse 实现的收入多元化前景可期，但产生实质性影响还需 2-3 年；当前沉重的资本开支正在挤压自由现金流。

which is, you know, where where Meta's uh agentic AI is uh is currently targeting. but obviously, you know, the launch of Muse um has improved uh Meta's potential in terms of just trying to diversify their revenue uh from purely ad-based to hopefully some subscription side, uh especially on the on the WhatsApp uh app.

I mean they're spending 130 to 145 billion dollars just this year. Free cash flow has been squeezed dramatically over there. How much patience do investors have right now for spending if monetization in something like Muse, which clearly is generating a lot of excitement, is still potentially several years away?

I think patience is increasing because Muse, the launch of Muse, is showing the direction towards which the company is moving. But overall, you know, you look at the stock and it still has that that not necessarily very attractive downward trading trending look during the last 12 months.

So, I would say that you know, the market wouldn't indicate if this goes up to above six breaks that 680 resistance, then you could see the market, you know, possibly welcome it a little bit more.

But in terms of the real numbers, yeah, I mean revenue is probably not significant we probably won't see significant revenue generated from that news within WhatsApp probably until two three years down the road. And also another thing that everyone should that I think the market would be focusing on is that where is that revenue actually coming from? Is it coming from straight from the consumers that are utilizing WhatsApp or is it also coming from the I would say SMBs, small medium-sized businesses that are utilizing and have been historically utilizing WhatsApp for a long time. So, they do have some pathway to actually make some gain some traction on the you know, business to business side which is which also will make their revenue diversification look a lot better.

But for the time being, yeah, two to three years for that revenue to actually be meaningful. Do other cloud providers then, I mean Google we can put AWS and Azure in here too. Do they have to match that same level of protection now just to convince users that their data is safe?

Actually, obviously, less discounting going on on Meta these days after that agreement that I think it was around 17 billion total agreement they reached with the AGs.