The End of the Silicon Valley Myth

“The bluster did accomplish what the company’s metaverse was built to do in the first place, though: distract us from the fact that Facebook’s user growth has slowed to a crawl, that the platform is losing ground to TikTok, and that it’s mired in controversy and moderation woes. With each passing day, Facebook’s metaverse aspirations look more like a Hail Mary fantasy, a beleaguered CEO’s escape attempt to a 3-D virtual world where he might leave behind the misery of his dull 2-D version.”

The End of the Silicon Valley Myth
https://www.theatlantic.com/technology/archive/2022/12/big-tech-fall-twitter-meta-amazon/672598/
via Instapaper