I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…
Facebook was always doomed for failure, just like every social platform that came before it. The pivot should've happened years ago with a focus on Instagram and content creation (their shot at streaming was at least in the right direction). At this point, Facebook has simply waited entirely too long, and the likelihood of any pivot working for a company of their size is basically nonexistent.
You could also say that "they won" and there's no where to go but down now.
Nothing can grow forever and things that try are known, in the biological domain, as cancers or infestations. There's quite a few corporations that "won" their market, so they're primed for a decline-- if you can still even call it that after enough people made more money than god and retired.