$META has been my largest equity position since 2023. I think Zuck's AI strategy/endgame is pretty clear: 1. Develop leading-edge open source AI 2. Bleed permissioned AI into a state of money-losing irrelevance or niche use cases 3. Llama becomes the new Andriod 4. Meta owns some platforms outright (Ray-Ban), owns the AI operating system underlying everyone else's platforms 5. Meta's experiences become so hallucinatory (and the embedded ads become so valuable) that people just straight up succumb 6. Welcome to The Matrix, where humanity spends the majority of its time. Meta will 2-5x before 2028 and 10x by 2030.