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Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. The core Facebook

Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. The core Facebook product is arguably worse today than it was 15 years ago. Meta's response to new market entrants is to just copy their features, and when they do attempt to innovate it's just comically off-base (Metaverse). This entire "Metaverse" play is so ridiculous it's deep into meme territory. Meta should have plainly seen the writing on the wall with regard to their data collection and privacy practices but either wouldn't, or more likely couldn't, pivot to new areas. And now Zuck is here saying this hiring freeze is due to the economic situation. Peak comedy. The reality is Meta has no answer for TikTok, BeReal, Apple/Google privacy changes, or whatever else is coming to the market next. I wish Meta nothing but the worst, but I'm sorry for any unfortunate souls who chose to work their and will be out of a job.

cetahfh14615 4y ago
> Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. Innovation at this point != success Just look at Oracle... they're still alive and doing OK They don't need to at this point. They have FB, IG, WhatsApp, and Messenger That's already a lot to begin with, they could've just coasted and they'd be fine But instead they have their idiot CEO creating PR nightmare after PR nightmare (just look at this https://www.youtube.com/watch?v=z8q2BQOGRGE https://www.youtube.com/watch?v=z8q2BQOGRGE and tell me he isn't a liability) and funneling billions into what's going to be the biggest business mistake of this decade
- parkingrift 4y ago
  Fair point with regard to Oracle, but I’m not sure it’s reasonable to compare an enterprise B2B software company with a consumer business such as Meta. I’d additionally argue that Meta is functionally coasting by way of flailing about on useless products. FB is flatlining, and IG is getting eaten alive by TikTok and BeReal. Oculus is seemingly healthy, and WhatsApp has a dominant and entrenched position. However, what is WhatsApp and Oculus worth if FB and IG fail?

cetahfh14615 4y ago

> Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus. Innovation at this point != success Just look at Oracle... they're still alive and doing OK They don't need to at this point. They have FB, IG, WhatsApp, and Messenger That's already a lot to begin with, they could've just coasted and they'd be fine But instead they have their idiot CEO creating PR nightmare after PR nightmare (just look at this https://www.youtube.com/watch?v=z8q2BQOGRGE https://www.youtube.com/watch?v=z8q2BQOGRGE and tell me he isn't a liability) and funneling billions into what's going to be the biggest business mistake of this decade

parkingrift 4y ago
Fair point with regard to Oracle, but I’m not sure it’s reasonable to compare an enterprise B2B software company with a consumer business such as Meta. I’d additionally argue that Meta is functionally coasting by way of flailing about on useless products. FB is flatlining, and IG is getting eaten alive by TikTok and BeReal. Oculus is seemingly healthy, and WhatsApp has a dominant and entrenched position. However, what is WhatsApp and Oculus worth if FB and IG fail?