Facebook’s ‘meta-existential’ pivot for survival

Facebook is in the fight for its life, but it won’t be the regulatory pressure that will kill it. Zuckerberg is leaning heavily on “metaverse” as a lifeboat to save a declining user base. He has long known that the future of Facebook is rooted in owning a major hardware platform. Facebook’s brand pivot to “Meta” last week week is the third inning of a multibillion dollar game of balance sheet roulette.

Link: Facebook’s ‘meta-existential’ pivot for survival
via techcrunch.com

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