Mark Zuckerberg’s 20-year formula for success has expired

Meta cannot copy or acquire its way to another two decades of prosperity.

Some cynics say Meta chief executive Mark Zuckerberg has lacked fresh ideas of his own since creating Facebook. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

The other day, I did something I haven’t done for years. I browsed Facebook. By which I mean: I really took a look around. Good grief, what a mess! It’s like walking round an abandoned amusement park of badly executed ideas.

Can you name a single person who’s found love through Facebook Dating, which was meant to challenge Tinder? Is anyone viewing Facebook Watch, a supposed rival to Netflix? How about the Facebook Gaming portal, once billed as its foray into cloud gaming and an effort to take on streamer platforms Twitch and YouTube? Today, it’s littered with low-rent titles offering little more to the player than your typical fruit machine. Even some of the more popular ideas must be shared with warning labels – scammers are everywhere on Facebook Marketplace.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.