The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Meta → unnamed vendor(s)

$72.2B — Meta Platforms' Form 10-K for the fiscal year ended December 31, 2025 states that capital expenditures, which include purchases of property and equipment and principal payments on finance leases, were $72.22 billion in the fiscal year ended December 31, 2025. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

low confidence · as of 2025-01-01T00:00:00Z ·

$72.2B — Meta Platforms' Form 10-K for the fiscal year ended December 31, 2025 states that capital expenditures, which include purchases of property and equipment and principal payments on finance leases, were $72.22 billion in the fiscal year ended December 31, 2025. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)


the working

Basis

$72.2B — Meta Platforms' Form 10-K for the fiscal year ended December 31, 2025 states that capital expenditures, which include purchases of property and equipment and principal payments on finance leases, were $72.22 billion in the fiscal year ended December 31, 2025. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.