Meta Thrives, Despite Making Mistakes

Meta Platforms (META) remains a buy, with a market cap below my $2.05–$2.23 trillion valuation range, supported by robust revenue and AI-driven growth. META's AI pivot, led by Chief AI Officer Alexandr Wang and MSL Product Head Nat Friedman, is driving user engagement and retention with Muse, its personal AI agent. Despite past missteps in metaverse and AI strategy, META's core ad business thrives, with 3.64 billion daily active users and a projected $256 billion in 2026 revenue.