> Facebook (Meta) cannot innovate. Their growth since inception is almost exclusively through acquisitions. Instagram, WhatsApp, and Oculus.
Innovation at this point != success
Just look at Oracle... they're still alive and doing OK
They don't need to at this point. They have FB, IG, WhatsApp, and Messenger
That's already a lot to begin with, they could've just coasted and they'd be fine
But instead they have their idiot CEO creating PR nightmare after PR nightmare (just look at this https://www.youtube.com/watch?v=z8q2BQOGRGE and tell me he isn't a liability) and funneling billions into what's going to be the biggest business mistake of this decade
Fair point with regard to Oracle, but I’m not sure it’s reasonable to compare an enterprise B2B software company with a consumer business such as Meta.
I’d additionally argue that Meta is functionally coasting by way of flailing about on useless products. FB is flatlining, and IG is getting eaten alive by TikTok and BeReal. Oculus is seemingly healthy, and WhatsApp has a dominant and entrenched position. However, what is WhatsApp and Oculus worth if FB and IG fail?
Innovation at this point != success
Just look at Oracle... they're still alive and doing OK
They don't need to at this point. They have FB, IG, WhatsApp, and Messenger
That's already a lot to begin with, they could've just coasted and they'd be fine
But instead they have their idiot CEO creating PR nightmare after PR nightmare (just look at this https://www.youtube.com/watch?v=z8q2BQOGRGE and tell me he isn't a liability) and funneling billions into what's going to be the biggest business mistake of this decade