

Yes, just terrible management. They could have just made good money, but no, there has to be more. So excessive greed at any price - now it’s just bankruptcy. But I’m sure that won’t bother the senior management: they’ve already put their millions in a safe place and will simply move on. The next company that needs their outstanding leadership is bound to come along…
That’s all well and good, but the problem remains: Namely, the fact that Meta earns far more every day than all companies worldwide earn from the sale of T-shirts put together - much, much more. And Meta pretty much doesn’t even sell anything physical (Oculus, c’mon). They mainly just sell massive reach for advertisements and PR (influencing opinions). In addition they sell, the personal data of users to make that work devilishly acuarate. As long as the vast majority doesn’t care how this business model works and what power the centralization of attention actually means even for their own reality, nothing will change, I’m afraid.