Whilst I generally agree with the consensus in this thread that they're trying to starve competitors of cash, I'm not particularly bullish about Meta's future.
They've sunk an obscene amount of cash into a failed product (the Metaverse), and their core business -- advertising -- is under threat from increased competition and falling engagement with their main platforms. Is Threads winning? I don't think Threads is winning, or that it will.
To me this feels like a big ship's going down, and all the glorious loot is being thrown off to shed weight, and it's floating ashore on our island.
They've sunk an obscene amount of cash into a failed product (the Metaverse), and their core business -- advertising -- is under threat from increased competition and falling engagement with their main platforms. Is Threads winning? I don't think Threads is winning, or that it will.
To me this feels like a big ship's going down, and all the glorious loot is being thrown off to shed weight, and it's floating ashore on our island.