Facebook's Stock Is Up 43%, Jack Butcher's NFT Makes Millions & More Tech News (#418)

TL;DR

Facebook (Meta) stock has soared 43% in the last month, with advertising costs significantly decreasing, reaffirming the belief to "never bet against Zuck" due to his and the company's high talent. Separately, Jack Butcher's "Checks V4" NFT project, a commentary on the Twitter blue check, has become a top-trading NFT, generating $15 million in sales in seven days.

Key insights

• Facebook (Meta) stock rose 43% in the last month, driven by a rebound in ad performance where user acquisition costs returned to early levels of $1.50, down from $3-4.
• A key investment philosophy is "You don't bet against Zuck," supported by his history of creating the largest social network, acquiring competitors, and personal achievements in MMA, hunting, and flue
• Facebook's talent pool is described as exceptionally high quality and impressive, evident from interview experiences during an acquisition process and employee anecdotes about developing major product