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Getting rid of reality labs, then what? Be a sitting duck and getting attacked by Tiktok/Apple left and right? They have basically no moat now.

VR is prob. the only thing that remotely looks promising for META now.

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Facebook still has 3 billion daily users. For all the doom and gloom it’s doing fine. Yes it’ll probably slowly fade into history but that will take decades.

That doesn’t make for a compelling buy signal. In principle, you should buy a stock because you believe you will be repaid in dividends over time. If the ship is sinking, even slowly, those dividends are not terribly appealing.

By the end of the decade people will feel about Facebook the way they feel about Game of Thrones.

Vaguely remember when it was a big deal, but not why.

This undervalues Facebook's social network moat, which is honestly what they should be leaning into: a more interactive Yellow Pages / local groups directory.

That's much harder for competitors to disrupt, especially when you give people tools to amass and customize content on their pages. E.g. wiki's, info, etc.

There's no moat.

Inertia isn't a moat.

Source: I've re-spanned my social graph several times since Usenet.

It's fine. People aren't corporations.

By that logic, Google has even less of a moat? I mean, anyone with money can just make a decent search engine.

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