Seeing giants fall like this, where they achieve the highest peaks imaginable, but then struggle to find the next thing that is suitably big enough to satisfy expectations makes me never want to reach mega success status if I ever start a startup.
Facebook still has more employees than it did when the pandemic started, and it isn’t particularly close. Is this a fall?
Facebook is the new MySpace, and Instagram is not attracting the newer generations. The metaverse is a wild moonshot to invent a completely new market and platform that Meta alone would control and of sufficient size to replace the inevitable decline of Facebook/Instagram ad revenue.
Personally, I don't believe people want the metaverse, and if it succeeds, it'll come at the cost of coercion via marketing overload.