The Quest 2 is honestly pretty amazing, especially for its price point.
As for the metaverse - which competition do you specifically see beating Facebook?
I guess, previously they bought some growing/upcoming competitors. Can they satisfy regulators and buy up new innovative companies with complementary rather than competing offerings?
Complementary companies integrated into data-driven economies of scale are still targets for regulators.
Nothing in Meta's VR research is something that competitors can't do. It's just basic incremental improvement you get by throwing money into it.
That's a massive hindrance for innovation and my #1 argument above. No matter how much he throws money and hires people, it's still just this same guy and the same viewpoint.
Ability to innovate is not function of money and resources.
Not sure what you're alluding to by his viewpoint, but his company has a userbase of over 3.5B which is the vast majority of the internet connected population of the world (excluding China, for obvious reasons). You might not like him, but he knows how to drive adoption.
There is no reason to expect growth better than the Nasdaq composite for the foreseeable future.
1) Due to ownership structure and personalities, the path to new ideas through leadership is closed. Zuckerberg is not going to change or leave if Meta disappoints in the future.
2) Meta can't by market share anymore thanks to regulators in all major markets being finally awake, led by EU. The benefit of using size as leverage is dwindling.
3) Meta has never created major new innovation/product in-house after Facebook. Metaverse is extremely unlikely to succeed against competition. Discount fruitless R&D from profits.
4) Meta continues to make money due to network effect, economies of size. Meta is like an oil company pumping until Facebook + Instagram well runs dry.