Youtube shorts is the only good competitor, Facebook has long past it's novelty in most developed countries, and it's only hope seems to be winning over Gen-Z from the rest of the world....which really has no ad spend, i'm talking countries like Burkina Faso and Syria...but even there people just don't trust Facebook and how can you?
FB have coincided in almost every instance of regime change from Arab Spring to Ukraine, more recently allowing posts promoting violence against Russian speakers in those regions.
I don't know what Zuck is thinking but he's pivot to monopolizing metaverse and VR seems to have fizzled and the markets are not showing respect at all. At this rate we might MAAA without Meta.
I long questioned these extravagant acquisitions with the exception of Instagram, but now he's launching an NFT on the platform? It's just so weird to me how quickly it's becoming MySpace'd