The David Lin Report · Monday, July 13, 2026
Sam Rahman discusses Meta's strategic pivots, first from social media to the metaverse, and now towards AI. He highlights that Meta pulled back from the metaverse after significant losses, leading to a stock rally. Now, Zuckerberg is focusing on AI, but Rahman questions Meta's ability to innovate beyond acquisitions, positing that AI presents an existential risk if user engagement shifts to AI agents, impacting Meta's advertising business.
“And now, uh, Zuckerberg, in search of another unicorn to chase after, which is AI. This guy hasn't innovated anything since the original Facebook. He's bought everything since Instagram, WhatsApp.”
“The reality is that Meta is facing an existential risk. And that that existential risk is AI. Because if you and I in the future are going to spend more time with our AI agent or AI agents on our phones, and they're going to be talking to them and booking flights and travel and restaurants and they're going to be organizing our days, that's less time on social media.”
“So engagement is a massive factor that drives Meta's business. And if they start to lose that at the margin, that's a big problem for their advertising business.”