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Comment by neel8986
Meta is still a 600B company and large credit goes to Zukerberg. His insight into jumping to mobile at the very beginning, making critical acquisitions, relentlessly going to new geographies, investment in AI all played off. Every major company made mistake including Google ( Google Plus ), Microsoft ( Windows phone ) and apple ( entire 90s ). A company making mistake just means they are still taking risks and not sailing to oblivion.
Moreover we still don't know how entire VR game will play off given the technical arc. Just one or two cycle hardware innovation may make VR successful.