Scaling a product like that is an incredible engineering achievement, but I am speaking specifically about product development. What other products has Facebook innovated internally, worked through the product-market fit, and scaled itself? Again, my point is that they have a ton of resources and a huge existing user base, but the only successes they seem to have are purchasing companies that are ramping. They deploy engineers and connect to the existing user base, but they aren't innovative in product design.
Threads is an internally developed Twitter clone when Twitter launched in 2006 and Threads launched in 2023? I'm not saying they didn't build it, but it was not an original product design; they waited until there was already a market, launched and deployed it to Facebook users. I will give you the Ray-Ban glasses, but even that was a product that is a better version of Google Glass, so still not really a unique product.
What products has Meta developed internally after Facebook that have been a success? I am actually asking this question, it seems like they have only had success purchasing already ramping products, plowing cash into them, and cross-integrating them into their product set. Why wouldn't they just continue to lean into that profile and wait for people with actual good ideas solve this.