Meta CEO Said Reels Has Exceeded 200b Plays/Day Across Facebook And Instagram; Expect To Have A Sense By Later This Year Of How Much To Budget For AI Capex
Portfolio Pulse from Charles Gross
Meta CEO has announced that Reels, a feature on Facebook and Instagram, has exceeded 200 billion plays per day. The company expects to have a clearer understanding of how much to budget for AI capital expenditure by later this year.
July 26, 2023 | 9:18 pm
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Meta's Reels feature is seeing significant usage, which could potentially drive ad revenue. The company's future AI Capex could impact its financial performance.
The high usage of Reels indicates strong user engagement, which is positive for ad revenues. However, the AI Capex could be a significant cost, impacting Meta's financials. The clarity on this expected later this year will provide more insight into the company's future financial performance.
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