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Do you think we have already seen peak Facebook? Obviously we can't judge from one bad(?) quarter, but from Meta's desperate attempts to copy Tiktok, I think its a slow decline from here.

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Their attempt to copy TikTok is a sign they're still competing - they copied snap and won, so it'd be more concerning if they didn't do it again.

They have Instagram and what's app , too, let's not forget.

So it is diversified in that sense.

It's popular to hate on Meta/Facebook but those acquisitions were very prescient and evidently pure dumb luck, either. The same Zuckerberg is still a directional force now as he was then, so it seems it isn't cut and dry that the company will only trend down from here.

The bet on VR seems dubious to me, but I'm getting old and boring. I don't know what anyone likes.

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