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Only correction is that the 100% share price pop is because of aggressive buybacks, not efficiency. They bought back 5% of the company last year.

https://www.macrotrends.net/stocks/charts/META/meta-platform...

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Completely wrong. We discussed META 6 months ago when the PE was 9.

“The PE of 9 is low which is unusual for these companies. Apple is 24 and so is Microsoft”

“Forward earnings suggests a P/E in the 20s in 2023”

https://news.ycombinator.com/item?id=33366322

Stock price is forward looking. Meta does not pay dividends, so maybe it was the belief that the new initiatives won't work out and the old money sources will wither away.

A 5% buyback does not explain a 100% increase in share price.

Why doesn't it? You don't need to buy back everything to massively raise the price. Not everyone is selling all the time.

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