Meta's Shiny Object Syndrome
The pivot to A.I. is not for the benefit of everyone; it's a stock-juicing manoeuvre
On Monday, Meta's shares hit a new all-time intraday high.
Last Friday, the company enjoyed its first record-high close since 2021.
The shares are up over 160% YTD and over 300% since November 2022.
It's been quite the turnaround. The company endured such a torrid 2022 — dropping revenues, whistleblowers, leaked data showing the company knew …