I could see it somewhere around the $1.5T–$2T range if the ad business and AI stuff keep going well. There’s a lot that could happen between now and then, though.

It’s just funny how different macro stock valuations are from what’s actually happening on the platform day-to-day. Wall Street is tracking multitrillion-dollar caps, but on the ground, smaller businesses still literally buy Facebook followers just to look established enough to launch basic ad campaigns. Either way, as long as Meta dominates ad targeting, the market cap will be fine.