I don't see why that's a problem. Monopolizing the entire EU and South Asia market is huge. It is pretty popular in the US too, and the app of choice of immigrant communities.
> getting eaten up by Tik Tok.
Tiktok has reels, but I haven't heard any insta under complain about the core photo sharing and stories feature. It is perfectly fine. The reels are straight from tiktok tho.
> Oculus lost money
Oculus faces a massive technical challenge, but if it pulls through, Facebook will have such a huge 1st movers advantage it will be unsurmountable. It is a big bet, but it is genuinely the only true revolution in media consumption that I can see around the horizon.