Gen AI has real sustainability issues: Early Facebook investor

While reporting a first-quarter earnings beat on the top and bottom line yesterday, Meta's stock has been dragged lower into Thursday's session onOn Meta's earnings call, CEO Mark Zuckerberg believed there's"a clear monetizable opportunity" for up-scalings on AI even though investors fear it will detract from Meta's core business component: its digital advertising.

"If you believe that generative AI is real, then these investments may well work. The challenge that we have here is that this is a classic example of a product category where the demos are mind-bending, but the reality is something far less than that," McNamee explains.

The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.

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