Meta haven't abandoned the metaverse, and made it very clear from the beginning that "the metaverse" was something that does not exist, and will not exist in any form until the end of the decade. They continuously reiterate this during earnings calls, while increasing their capital expenditures on it.
You cannot determine it's a waste if the effort isn't completed, and if you have no insight into their progress.
You cannot determine it's a waste if the effort isn't completed, and if you have no insight into their progress.