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A comment on Facebook reportedly laying off thousands of employees. Parent comment

Re:Facebook reportedly laying off thousands of employees by colinmhayes on Thursday October 06, 2022 @01:03PM (#33110910)
Facebook still has more employees than it did when the pandemic started, and it isn’t particularly close. Is this a fall?
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Re:Facebook reportedly laying off thousands of employees by fortylove on Thursday October 06, 2022 @02:57PM (#33112454)
I think it's not the bottom of the fall, but I do think it's a pretty clear fall.

Facebook is the new MySpace, and Instagram is not attracting the newer generations. The metaverse is a wild moonshot to invent a completely new market and platform that Meta alone would control and of sufficient size to replace the inevitable decline of Facebook/Instagram ad revenue.

Personally, I don't believe people want the metaverse, and if it succeeds, it'll come at the cost of coercion via marketing overload.

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