The real pivot for FB was their pivot to Instagram, with facebook.com pivoting to a "secret police" business model and shutting down open discussions, which used to flourish there. They've done this very well. FB today is more of a political organization than a business organization especially in the US. The Metaverse is just a distraction from this development that will have no impact on their cash cow Instagram.
The nice thing about Instagram and Twitter, as far as Washington lobbyists are concerned, is that it's influencer driven and there's very little room for bottom up discussion between "normal" people. The original Facebook was a tool where dissent could grow in a bottom up fashion, with friends posting and realizing, "holy smokes! I was thinking that too!". This doesn't happen any more now that everyone knows that big brother is watching.