Meta is doing very well: revenue rose 26% to 64.6 billion and guidance was strong, but 9.9 billion in legal charges cut EPS to 3.83 from 7.40; free cash flow of negative 2.1 billion is a worry as AI capex guidance rises to a 135-145 billion range.

Let's move on to Meta, which announced revenue figures, good revenue figures, and guidance that also looked strong, didn't it? I know she was under pressure, but overall, things look good in terms of what's going on inside the "Meta" story and the news, of course.

The stock fell 2.3% after the earnings, but the numbers they achieved were impressive. Now, here's the most important thing: earnings per share were $3.83, but without legal fees it would have been $7.40.

So, Meta is doing very well, but these legal fees have impacted the overall earnings per share.

Revenues reached 64.6 billion, an increase of 26% year-on-year; This exceeded the consensus expectations. Operating income is $13 billion according to Generally Accepted Accounting Principles, and as I said, it would have been $22.88 billion without legal fees.

As for free cash flow, here things get a little worrying: negative $2.1 billion, driven by huge capital expenditures. Capital expenditure figure is 34.9 billion, driven by artificial intelligence infrastructure.

And I think, remember, charges of $9.9 billion were recorded in the third quarter relating to the mental health settlement in August 2016.

So, MetaPlatforms goes beyond all that, with $9.9 billion being deducted from this earnings report for that legal battle, Nicole. Yes, and look, we had great news about "Muse", didn't we?

The "Muse" agent, which has been widely adopted now with over 10 million downloads, is number one in the app store.

Mark Zuckerberg said, "I thought that was important." Also, the capital expenditures that they are raising to more than 135 billion, right, from 130 billion?

I know there is a range for that, and that shows confidence there. Last but not least, the non-voting equity class for funding AI development is another big piece of news.

Exactly, what they did with regard to capital expenditures was raise the minimum range to 135 million. So the range is now from 135 to 145. Yes, issuing new shares, lots of it, just so you know, was with the aim of keeping Mark Zuckerberg in California for the next eight years because of the wealth tax.

He was threatening to move out of California. So this is a financial engineering method to keep him in California, maintain voting control over the stock while raising money at the same time.

Yes, there is a little interesting accounting work at Meta Platforms, but they are able to raise money for their capital expenditures without harming Mark Zuckerberg's voting power and protecting him from California's wealth tax, Nicol.