I think if you look beyond the easy but correct narrative of the metaverse, you'd find that Facebook was in a very tricky situation even if they had never jumpe

I think if you look beyond the easy but correct narrative of the metaverse, you'd find that Facebook was in a very tricky situation even if they had never jumped into the metaverse bonfire. Facebook at its core is bullshit. It's a growth story but they've got a user base that rounds up to every human on the planet. There's no more 5x or 10x growth to achieve. And this is even before you get into is all this add spend even producing results or worth anything close to the amount of revenue they are getting in the short term? People often incorrectly lable these never-ending growth stories as ponzischemes but they clearly aren't. It's own unique kind of scheme that combines the payoff characteristics of a ponzi scheme with a real business with a growth story that can never be delivered on. All said and done, these tech infinite growth investment schemes are probably just as pernicious as ponzi schemes. The losses are already drastically larger from the perspective of the people who bought into the top of this one or the last one Facebook lost more today than the entirety of madoffs career and so independently did amazon.