>Facebook has neglected its core businesses for years and seems to have real trouble shipping hardware with reasonable spending.
I don't think there's deliberate neglect here. Fashion shifts and facebook is no longer as fashionable. It is very very hard to stay at the forefront of fashion unless you're product is one that reinvents itself on an annual basis (see the fashion industry)
The meta pivot seems to be more of a desperate anticipation then a strategic opportunity. Facebook conveniently announced meta just before the earnings call.
I don't think there's deliberate neglect here. Fashion shifts and facebook is no longer as fashionable. It is very very hard to stay at the forefront of fashion unless you're product is one that reinvents itself on an annual basis (see the fashion industry)
The meta pivot seems to be more of a desperate anticipation then a strategic opportunity. Facebook conveniently announced meta just before the earnings call.