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Even if facebook isn't doing fine, instagram is. Instagram is eating the market of younger people who would have used facebook. Either way meta wins.

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FB is still surprisingly strong in growing markets. But that translating to business means those markets see drastic increases in spending power, which we’ve been awaiting for many years. It’s up, but nowhere near parity with western markets.

>FB is still surprisingly strong in growing markets.

In a lot of those growing markets, Facebook is the main (or only) way of having a web presence for their business. WhatsApp is similarly the main way to have IM support, as well.

It seems like this is setting the bar insanely high for success and failure. Meta is a trillion dollar company with growing revenue. One of the most successful companies in the world. Even at half the size, it would be tremendously successful .

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