Meta stock jumped more than 7% Tuesday on a Bloomberg report that the company is building a new business to sell excess AI computing capacity to outside customers—a move that would put it in competition with AWS, Microsoft Azure, and Google Cloud. But Mark Douglas, president and CEO of connected-TV ad platform MNTN and a regular commentator on tech and media strategy, thinks the more interesting story isn’t Meta at all.
Douglas’s critique wasn’t about Meta’s strategy. It was about the economics of building AI infrastructure in the U.S. at all, a dynamic he thinks investors are underpricing.
