Facebook could have pursued other social network ideas and found a way to keep things steady. Even a twitter competitor would have been interesting. More focus on competing with LinkedIn?
$27 billion in revenue from three billion daily active users last quarter. Bytedance by comparison lost $7 billion last year. Meta Reels are being shared one billion times and viewed 140 billion per day. As much as the biased media wants it to be true, Meta isn't going anywhere anytime soon. Consumers couldn't care less about the stock price.
They've sold millions of units and reported $1.5 billion of sales on the Quest store so maybe it's not so absurd.
LinkedIn would be an interesting competitor to go after, Microsoft bought it and has no idea what to do with it
https://www.theregister.com/AMP/2021/02/11/microsoft_azure_u...
LinkedIn on the other hand is just pride in a bottle. I doubt they'll change their strategy. If they try to appeal to other markets, they'll die just because their core premise is cv placement. That's it. Anything else won't work.
Remember way back when, when it was so important to keep founders in charge of their companies when they took investment, and even went public? That was the secret to success, VCs told us!