See this post: six reasons why Meta is failing from The New York Times.
One: user growth has hit a ceiling. Not only hit a ceiling but numbers are actually declining.
Two: Apple. Security. Will cost Meta $10 billion in revenue "next year" (2022).
Three: Google is stealing online advertising share.
Four: TikTok vs Reels. Videos harder to monetize at same level as other options.
Five: Spending on metaverse is bonkers. No one understands it, and those that say they do, know it won't be profitable for years. And who will have the best headsets when the metaverse really is a thing? Apple.
Six: The specter of antitrust looms. Won't happen.
The most obvious question was not asked / not addressed by The New York Times. I will come back to this later, but right now I have an errand to run with Sophia. But see if you can guess the most obvious question that was not asked / not addressed by anybody as far as I can tell with regard to this.
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