It is also questionable EVEN IF Facebook is just throwing cash at fads and has stopped being innovative. That doesn't mean shareholders will lose out which is t

It is also questionable EVEN IF Facebook is just throwing cash at fads and has stopped being innovative. That doesn't mean shareholders will lose out which is the ONLY thing that counts. The inevitable nature of large corporations is to become bureaucratic and slow, yet many of them exist for decades without being innovative. It's sufficient to just buy out whoever is innovative in the market - Microsoft just bought into OpenAI big time. Other than incrementally developing its 40yo operating system Microsoft copies AWS, Netflix for games, Sublime Text and Macbooks while throwing some random cash at garage projects that amount to effectively nothing that can exist without subsidies (Hololens).