It's certainly stable for now but it doesn't feel as stable as Google's, at least to me. The main FB product is in a slow decline and IG, though doing well, is under constant threat from the latest social media app du jour. The whole VR push could work out but right now it feels like a long shot and if I were working there I wouldn't be happy betting the farm on it. I mean the very fact that they are anticipating such a drastic pivot to their core business in the future should surely be a cause for some concern.

zuck will burn cash to the end for the meta verse it seems.

That's one of the things, though. If you are in a dire situation, like companies nationalized during wartime, you can't work or function. Certain things like advertising your services are clearly out the window.

In WWII, some companies who were turned to serving the war machine continued to advertise the things they couldn't make or sell, anyway. When things came back those folks were on top of the world. If the big FAANG companies can ride out business cycles without acting like they've become vulnerable, they're likely to further cement their positions.

It definitely is a long term bet that could end up costing a lot to Meta, but on the other hand if that bet materializes... At the very least we're getting really cool VR development!