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by glenstein
1540 days ago
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>Facebook/Meta stock lost 30% of it's value a few months back and may not recover any time soon. I think a significant driver of that was the tightening screws re: criticism and pending federal investigation. The brand reinvention was in the context of changing perceptions that could culminate in existential threats to the company. There is no good way out of it, but changing the conversation from "Break up facebook" to "gee that Meta sure is weird", is a mixed success, and exchanging catastrophe for mixed success made quite a bit of sense as a strategy. |
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