This is how the narrative of Facebook looks to me: Zuckerberg got lucky and then executed brilliantly, transitioned from nerd hacker to CEO amazingly well. He deserves a lot of credit for that. Since then, Facebook have innovated very little. Zuckerberg recognised this, and bought Instagram and Whatsapp in lieu of building an innovative company. The latter is clearly really difficult to do. Without a stream of new id…
Meta has interesting products for VR work: virtual desktop, meetings/calls with presentation slides. They are one step from decent AR: their passthrough mode is quite good.
They have enough cash to buy any decent VR product and a team behind it, if they see a potential synergy.
So I think Zuck's bet on VR may in the end play out. A hype around everything "metaverse" is unprecedented right now.
Disclaimer: I have a long stake in $META in my portfolio.