Name one new product that Facebook built from scratch (did not acquire), launched, and made a sustained success of since their original social network.

The company cannot innovate and has bet the farm on their ability to innovate.

I’ve said it before: Facebook should monetise WhatsApp via payments (real payments, not crypto) and other services. That’s something within their capability and very much within their reach. Maybe they’re seeing that as a backup when VR fails, but the longer they leave it the bigger the risk someone else takes that market.