Exactly this - it's a real startup move, done by a company that probably shouldn't be doing startup pivots at this stage. I think he got the thrust right - Face

Exactly this - it's a real startup move, done by a company that probably shouldn't be doing startup pivots at this stage. I think he got the thrust right - Facebook will continue losing share if they continue the 90s MS buy all your competitors strategy which it is obvious at this stage wasn't working for them, and Meta was an attempt to get ahead again rather than just try to scoop up from behind. This approach will necessarily be built on some kind of intuition rather than data, but should have been a well funded skunkworks project instead of gambling many peoples livelihood on something that will take a while to pay off. I'm probably one of the few that thinks the pivot overall isn't a bad idea, but it was just done in such an irresponsible way and they're paying the price now. We've seen this many times (notably Uber, WeWork, Google, and arguably Apple until Jobs returned from his exile with a new skillset), but the best person to start a company is often not the best to run it when it's established. But Mark has been so good at keeping equity and control that Facebook will fail unless he learns how to adapt. It usually takes a real low point for people to get out of established mindsets. Just putting this out there so I can point to this in 10 years: If I were to predict the future, I'd say Facebook stock plummets and everyone writes it off, and Mark wises up, bringing it back much stronger. I don't particularly like him, but I think he's got it in him.