I am not an expert, but Meta might be missing out on a business opportunity by being blindsided on everything social media. Over time, every company (Google, Apple, Amazon) diversified themselves. With their AI firepower, they could have explored a number of new avenues. Every business need not boot with billion users.
Well, Meta invested 36 billion dollars between 2019 and Oct 2022 trying to diversify beyond social media apps into the multiverse and VR with Meta Quest and Meta Reality Labs. They've also invested in NFTs.
