Facebook owner Meta sales continue to fall
bbc.co.uk
bbc.co.uk
What I think they need to do is:
0. Triple-down on AI. They're committed to spending $50B on hardware over they next 2 years to do it, mostly within Reality Labs. The technological singularity will happen only and after systems plus AI are given enough interfaces to operate, configure, and design themselves.
1. Expand boring-but-profitable enterprise software like Workplace. They need desktop apps and deeper integrations with the major OS vendors' stacks.
2. Incubate the crap (incl. throw bits of money for convertible notes) at all kinds of tiny startups and have startup events, both external (students and startup people) and internal from staff, with a welcoming hackathon-like environment. The next big thing will happen somewhere else and the world will move on otherwise. As Apple gave away computers to schools, Meta should be at the door of every high school trying to get students to code and launch startups.
But Meta owns Instagram...
I think this is the emotional sentiment media manipulation of the market poo-pooing the MAANGs helping investors buy them at a discount. And whipping "The Man" megacorps during a recession as convenient outlets of frustration.
Alphabet/Google will always be around. Meta has so much money, it can turn itself into an Amazon in terms of entering other categories. It will probably take 5-6 years but watch the same naysayers when Meta has some crazy awesome AI AR that's better than the chunky RayBan's.
People have kind of woken up to the topic, but of course are still not really protecting themselves and the monopolies have not been broken up yet.
However, looking at the things that Facebook did when thing went well for them, makes me worry about the thing that Meta will do when things don't go well for them. Their share price just tanked to the level of 2015.