Meta Platforms Inc. is facing challenges as its stock declines due to slow user growth and significant ongoing infrastructure investments. The company is reportedly spending nearly $18 billion annually on its Reality Labs, which focuses on virtual and augmented reality technologies. Despite these challenges, Meta's Q3 2024 earnings report revealed a revenue of $40.59 billion, surpassing expectations, driven largely by advancements in artificial intelligence across its platforms. The digital advertising market, buoyed by U.S. political ads and consumer spending, has also contributed to the company's revenue growth, with Meta's revenue increasing by 19% year-over-year and profits jumping 35%. Analysts emphasize the need for Meta to sustain its capital expenditures to continue its growth trajectory.