Invest Like the Best with Patrick O'Shaughnessy · Tuesday, October 27, 2026
Cliff Sosin describes Meta's core business as personalized TV, noting that the company spends massive amounts of revenue on intelligence-producing tools and inference. Downstream of falling intelligence costs, Meta's foundational assets of data and attention remain fully protected and compound in value.
“And the core business at Metta is personalized TV. Personalized TV. It used to be social media, but now it's personalized TV.”
“All of this is downstream of what they possess. which is not destroyed by ubiquitous intelligence, which is data and attention.”