Theory on facebook failure/Google failure to innovate: They have the highest leetcode standards out of FAANG. As does Snap. They hire people that basically memorized computer science algorithms. And so their employees are bookish, not innovative people. Apple, Microsoft, and Amazon do not have the same issues with creating new products. Keith Rabois (top VC), mentioned that FB has always prioritized optimization over…
a) Meta can be accused of so many things but failing to build new, ambitious products is not one of them. They are literally pivoting the company to AR/VR and betting the future of the company on it. Quest2 is a huge success and their demoed R&D work on new headsets looks genuinely exciting and innovative.
b) You are clearly ignorant of how product management works in a large company. Bookish engineers which you weirdly use as a slur are not solely responsible for inventing and releasing new products. And so if they hired people who had less understanding of how to write scalable code you wouldn't suddenly get better products.