Meta Platforms' $135 Billion Bet Makes Complete Sense

The market keeps rewarding this business, as shares benefit from positive momentum.Meta Platforms (META 2.95%) is off to a fast start this year. Shares climbed 9% in January, building off two straight years of double-digit gains and a triple-digit return in 2023. The momentum continues.Nonetheless, investors have a lot to digest when thinking about the future of this business. Meta just reported its latest financial results, and it revealed its spending outlook for 2026. Capital expenditures (capex) are exp ...