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$META call just wrapped up. I think I figured out why $META stock is down 9%. Expenses are growing faster than revenue, driven by third party cloud. The last two years it’s been the flip story. March revenue up 16% vs. expenses up 9%, June revenue up 22% vs. expenses up 12%. September revenue up 26% vs. expense up 32%. Next year it's going to be more like 18% revenue growth and 35% expense growth.