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> Problem is that VR took too long to arrive and death on mobile can kill Facebook?

Facebook owns the most popular messaging app in the world (WhatsApp) and two of the most popular social networks in the world (Facebook, Instagram). Are they really in trouble because of the Android/iOS changes?

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People need a phone to use Instagram. Instagram makes money out of ads, not out of its users. So anything that threatens this revenue source can kill Facebook.

They can still do ads without tracking, but would that still be a trillion dollar business?

Yes, but it would be worse for everyone involved

Welcome to Milton Friedman's capitalism. Beat earnings expectations every quarter into perpetuity or watch your share price drop.

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