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Zuck lost more than $70b on metaverse, but, as a boy genius Texas marksman, he still inspires confidence from credulous investors. Zuck's AI initiatives generated *huge* interest in Meta stock, with investors betting Zuck would find ways to keep Meta's growth going, despite the fact that AI has the worst unit economics of any tech venture in living memory. AI is a business that gets more expensive as time goes on, and where the market's willingness to pay goes *down* over time.

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