The decision to buy scale and put Wang in charge was a bad one, but I think people are too focused on the $14B (which doesn't matter to Meta in the slightest) instead of the actual logic behind the purchase. Meta didn't need more labeled data, and a data labeling expert is not the person to lead your AI initiatives. I think spending $14B to try and get ahead in the AI race is a great idea, and Meta should be spending more money (there is some level of existential risk if they don't play in this market), but spending it on companies like Scale makes no sense.

This seems like the right take to me. Meta made $60 bil net profit on their last earnings report. With Mark unaccountable to investors effectively all of that can be funneled into their AI initiative. With their massive distribution network I think it makes sense for them to take big risks because if they fall behind they dont suffer a penalty from declining user base. It just never made sense for this to be the risk they took