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by streamofdigits 1593 days ago
As people commented already, meta / facebook will be a enormous cash cow for quite some time. This raises the interesting question of whether it could actually reinvent itself in some way.

Having an almost 100% concentration on a business model that is (thankfully) increasingly seen as a socially detrimental aberration, it means that they would need to diversify into more conventional tech business models the way, e.g., Alphabet/Google is trying to do [0]

The problem is, of-course, that honest tech business models are a well occupied ecological niche and in the absence of some regulatory/political granted monopoly the competition tends to turn lethal.

They could launch a cloud business for example, with the unique selling point: we know best how to collect and monetize your data, so we know best how to protect it :-).

[0] I am dismissing the "metaverse" thingy as some sort of smoke and mirrors that seems to be necessary to provide cover for precisely the kind of news now being discussed