$Meta Platforms(META.US) Meta's biggest problems are just two: first, its AI foundation is weak, and data centers need to be built from scratch. Second, even after they are built, there are no fixed enterprise users yet, so it has to find customers on its own. These two weaknesses result in huge investments without generating stable demand. Capital favors Microsoft and Amazon more, because the puzzle pieces for these two companies are already complete, and they have already started making money.