For one thing, I still don't understand Meta as a business. It seems like Zuck refused to accept owning a boring ad business and keeps trying to act like a tech business.

For another, this seems like a move that happens when the bubble pops.

The dotcom bubble went from having tons of business raising fortunes on the promise of business models the internet unlocks to having few internet businesses left at that scale and a bunch of unused fiber.

Now we're starting to see all the companies claiming AI products will make fortunes to them trying to sell unused hardware capacity.