Sheryl Sandberg stepping down as Facebook COO
I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for years and seems to have real trouble shipping hardware with reasonable spending.Now they’re scrambling to ship an iPhone alternative to get out from under Apple policy, but it really seems like they’re on constant defense now and have a very tough lift to actually get something truly mass market. I would be shocked if Apple, Microsoft or Google were irrelevant in 2030, but it is really possible (if not yet necessarily probable) that Facebook/Meta might actually just not exist in the same kind of way anymore then.When they first announced the rebrand I actually thought it could be genius and that there’s no way they could have been doing it without a really well considered, heavily backstopped plan… but epic strategic miscalculation seems to be going around a lot this year.