Michael Anderson (@michaelanderson)
Evercore Says $META Youth-Safety Risk Now "Largely Resolved" After Settlement
Evercore says Meta's youth-safety risk now appears largely resolved after today's settlement, removing one of the two major overhangs that had pushed shares down to 17x earnings.
That leaves AI capex as the central debate, meaning the stock now comes down to whether Meta's aggressive AI spending can generate enough return to justify it.