• “The age problem”: Young people aren’t using Facebook at all and are using Instagram less, but the success of both platforms as advertising revenue bonanzas is predicated on usage by the youth demographic.
  • “The innovation problem”: Facebook hasn’t invented a new hit since the blue app itself and its other successes were all acquired.
  • “The metaverse problem”: They’re betting the company on AR/VR, but it remains to be seen whether that’s going to be a big thing.
  • “The antitrust problem”: No summary necessary.

I really hope Meta/Facebook/Zuckerberg runs out of money and goes away forever