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My sense is that they know that legacy FB is no longer a growth product, the regulatory environment has been hostile to their previous strategy of buying produc
by el_benhameen 1y ago
My sense is that they know that legacy FB is no longer a growth product, the regulatory environment has been hostile to their previous strategy of buying products in new markets (instagram, whatsapp), and they know they need to come up with _something_ to stay relevant and keep growing if and when growth from those products starts to wane. I guess the regulatory environment in the US has shifted a little, but populist politics even on the right aren’t super friendly to conglomeration, and the EU has only grown more hostile to it.
- bdangubic 1y agoyou should read their earnings report carefully - it will clear up the confusion about “FB is no longer a growth product” and things like that :)
- el_benhameen 1y agoSure, I know that their revenue is still mind boggling. But I also think it’s pretty clear that FB blue or whatever is no longer front of mind in the zeitgeist. Things are fine now but they’re trying to figure out how to keep that going.
- bdangubic 1y agoas does every other company, 24/7
- el_benhameen 1y agoI’m not sure what your point is here? The question was why Meta has an interest in developing an independent AI offering. I’m replying with one possible answer to that question, and your contention is … that the answer is wrong because other business think the same way?