Meta just took on debt for the first time ever in the last few months. Meta could cancel all Reality labs work and keep slowly taking on debt while keeping thei

Meta just took on debt for the first time ever in the last few months. Meta could cancel all Reality labs work and keep slowly taking on debt while keeping their central properties alive. It would make for a very boring company but would likely result in decent returns for shareholders. This is what Oracle has done -- their company is boring but their shareholders are happy. In order to have any sort of future growth story, Meta pretty much needs to create or somehow capture major economics from a new platform like they did for web2.0 and mobile web. Due to antitrust concerns IMO, they can't just acquire their way into more value by acquiring a company like Pinterest so their remaining options are moonshots like AR/VR to invest heavily for the next platform to become ubiquitous and then extract economics from it.