> Sure it would remain a cash cow if Meta decided never to take another risk again, but Zuck was trying to avoid Facebook becoming the next Oracle or IBM -- companies with consistent revenue but thay have lost their ability to innovate.

At some point, I think society is going to have to admit that companies have a lifecycle, and that sometimes a company should die, maybe long before it runs out of money. If the only outcomes are "grow forever" and "become IBM", then I think we should prefer the IBM route, because at least that provides value.

Leave the innovation to smaller companies and allow them to thrive or die on their merits. This whole thing where fossils long past their innovative prime are able to control the entire industry, through boondoggles that are kept afloat indefinitely through trillion dollar cash reserves, rent seeking activities, and strategic acquisitions, is just not good for anyone except the people who are able to exit.

You want innovation, get FAANG out of the way.