Chill a bit and apply…Occam’s Razor to….Meta’s ‘Cloud’ consideration…..but…..You have been warned….learnings from a …’WTF’ sort of a day.

Bottom Line Top: The …’News’….yesterday from a sole Bloomberg article that Meta was developing an internal initiative called…Meta Compute….threw the market into turmoil. The knee jerk was…OMG! Meta has excess compute capacity and is going to start a Cloud to sell that excess. The connection was simple: Holy mother of God excess implies Capex is...