Amazon and other large companies created new products with small fractions of the funds that Meta is proposing spending. As illustrated nicely in the All In podcast, the only thing that compares in magnitude is the Apollo space program.
We know what Facebook is and does. Pioneers need to put all the chips on the table and risk them all in order to get to make the next leap.
You can make the argument that nobody deserves such huge decision making power, but if somebody should then the person who shipped a service used by 2 billion people is for sure the first in line.
I am still rooting for expropriation of all billionaires but if it's not possible then the next best option is to let them spend and bet the company with the highest possible frequency. It's a much better outcome compared to transitioning into politics like Trump or Musk.
It would be crazy not to go after the VR market now that the PC and smartphone markets are spoken for, cementing Microsoft, Google and Apple as leaders forever, or at least until war or climate change destroys the global economy.