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Overall this new focus suggests to me that Facebook (Meta) sees limited potential future growth of their social media properties as such, and needs to look to n
by otterley 5y ago
Overall this new focus suggests to me that Facebook (Meta) sees limited potential future growth of their social media properties as such, and needs to look to new markets to sustain future growth.
However, it is very rare for companies -- especially large, established ones -- to succeed in pivoting themselves to deal with new market realities and ways of doing business. The entrenched interests and culture inside these organizations tend to resist significant change. There's an irony that the bigger the company, the less power a CEO actually has.
Time will tell if they succeed.
- 908B64B197 5y agoExcept Microsoft, who did it a few times in the past.
- AlexandrB 5y agoBut not always successfully. It helps to have a big warchest so you can try more than once or keep a money-losing business running while you figure it out (XBox, Bing).
- 908B64B197 5y agoXBox and Bing are profitable, ironically. Bing is a 7B business[0] Phone/ARM tablets were not. [0] https://news.scott.services/microsoft-bing-usage-and-revenue-stats-new-data/ https://news.scott.services/microsoft-bing-usage-and-revenue...