- they admitted a revenue shortfall a couple of quarters ago caused by Apple’s ATT which made tracking opt-in
- “Facebook is for old people” and other platforms are seeing more engagement
- They are wasting billions on the metaverse.
While Google, Apple, Microsoft and Amazon (disclaimer where I work) have all seen declines in stock price and revenue. There is no indication that neither of them are having the same existential issues that Meta has had.
If Meta disappeared tomorrow, would anyone care or would they just move on to the next fad? Microsoft, Amazon and Apple have shown the ability to pivot and to adjust. Google hasn’t. But so far hasn’t had to.
I do think people would care about WhatsApp.
Of course, someone with deep pockets would snap that up. Google comes to mind—what’s one more messaging strategy?
If Facebook disappears overnight, I don’t think it will matter much. If anything, it would have a positive impact on society.
If Twitter and Facebook crash and burn next year, then that alone would make 2023 bearable