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— Insights Team, Rwazi
Technology
Economy
Consumer Universe
Supply Chain
Meta lost 20 million daily users in Q1, yet revenue grew 33% anyway
Meta reported $56.31 billion in Q1 2026 revenue, a 33% year-over-year increase, while daily active users fell from 3.58 billion to 3.56 billion. User count and revenue moving in opposite directions in the same quarter is analytically unprecedented at this scale.
The mechanism: ad impressions grew by 19%, while the average price per ad rose by 12%. Both volume and price rising at once is unusual; higher prices typically suppress demand. It means Meta's AI targeting improvements are delivering measurable advertiser returns substantial enough to keep spending growing at higher prices.
Meta is extracting more value per user even as the user count dips. Costs grew 35%, faster than revenue, and CapEx hit $19.84 billion in a single quarter. The company is building for a demand curve it expects to arrive, not one that has fully materialised.
Key Insights 💡
Meta's Q1 decouples user count from revenue for the first time at scale. If Meta can grow both ad volume and price simultaneously, its auction floor will keep moving higher as AI targeting compounds. Advertisers should plan budgets around a structurally more expensive Meta — not the 2024 rate card.
Two of the world's eight largest energy facilities have been struck
Chart: World's largest LNG and oil refining facilities — Ras Laffan 77M tonnes/year DAMAGED, Ruwais 0.92M bpd DAMAGED, vs. Sabine Pass 30M tonnes, Jamnagar 1.40M bpd. Data visualisation by Rwazi Insights
QatarEnergy's Ras Laffan, the world's largest LNG complex at 77 million tonnes annually, more than double the two largest U.S. LNG terminals combined, has been struck.
The UAE's Ruwais refinery, the third-largest globally at 0.92 million barrels per day, is also damaged. Qatar confirmed 17% of its LNG exports have been cut. Repairs could take five years. Annual losses could exceed $20 billion. Total reconstruction bill: over $50 billion.
Key Insights 💡
Ras Laffan's five-year repair timeline is a structural supply constraint on global LNG markets for the rest of the decade. Pre-conflict energy pricing is not a valid planning baseline for 2027.
TikTok Shop now outsells Target, Best Buy, Costco, and Kroger individually
TikTok Shop generated $4.9 billion in U.S. sales in Q1 2026 alone — nearly doubling year-over-year — in retail's weakest quarter. Full-year eMarketer forecast: $23.41 billion. By 2027: $28.56 billion. It now commands 22.8% of all U.S. social commerce.
The platform runs on discovery, not search intent. Awareness, consideration, and conversion collapse into one short-form video. Brands not operating inside that model are invisible to the consumer segment driving its growth.
Key Insights 💡
The fastest retail channel expansion in U.S. history. The window to establish early positioning before the platform matures is closing, and merchants already inside its discovery model are compounding advantages late entrants won't replicate easily.
Target hired a Walmart supply chain executive and expanded next-day delivery to 60% of the U.S.
Target named Jeff England, a nearly two-decade Walmart veteran who reached SVP of Supply Chain, as its new chief global supply chain and logistics officer, while simultaneously announcing next-day delivery expansion to 60% of the U.S. across 50 new metro areas.
England's mandate: accelerate speed, reliability, and precision through AI and automation. Same-day already reaches 80% of the population.
Two-day reaches 99%. Two-thirds of Target's digital sales are eligible for same-day delivery; the remaining third, now served by next-day delivery, is what this expansion directly addresses.
Key Insights 💡
Target hiring a Walmart supply chain executive while expanding next-day delivery to 60% of the U.S. signals that logistics has become the product, not the function.
For brands distributed through Target, England's AI and automation focus means inventory replenishment, shelf allocation, and fulfilment precision are all about to be held to a materially higher standard.
The IT strategy every team needs for 2026
2026 will redefine IT as a strategic driver of global growth. Automation, AI-driven support, unified platforms, and zero-trust security are becoming standard, especially for distributed teams. This toolkit helps IT and HR leaders assess readiness, define goals, and build a scalable, audit-ready IT strategy for the year ahead. Learn what’s changing and how to prepare.
Investors are watching this fast growing tech company.
Meet $MODE, the disruptor turning phones into income generators.
Elon Musk said that “universal income will be necessary if AI takes over most human jobs,” and Mode is pioneering privatized UBI powered by technology. Their 3-year 32,481% revenue growth ranked them the #1 software company on Deloitte’s fastest-growing companies list.
Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
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