Well, they missed the boat being a platform on mobile or desktop. So, now they have Apple/Google dictating terms to them.
They are really desperate to own the next big thing. Whether that'll be VR, who knows.
They are really desperate to own the next big thing. Whether that'll be VR, who knows.
https://www.cnet.com/tech/mobile/heres-why-the-facebook-phon...
Also, same thing happened when Amazon tried releasing the Fire Phone. I think a combination of being carrier exclusive and using sub-optimal hardware was a big contributing factor to both their demise.
If they rolled their own OS they'd have to spend a lot of effort building and maintaining that platform. If Microsoft and Amazon can't will a third phone platform into existence Facebook definitely can't.
Their $10B metaverse spend is a waste but I think it would have been a waste on a phone as well.