> Also their AI efforts and metaverse efforts flopped

That's the thing right

So I was research so both metaverse and AI adjacent. FAIR was industry leading, just not in the sexy field of LLM. FAIR was passed around like a joint at a student house, finally landing under Cox for "product". But FAIR is a research org, so it was a bad fit, run by an even worse leader. (why can't you deliver a new industry leading LLM in 5 weeks? or some other stupid shit)

The metaverse flopped because there was no clear leadership over features/user experience/hardware. Hardware has a 2-4 year lead time. This means that you need to plan your features 5 years in advance. The average horizon for any software feature in oculus was like 4 months.

Because of the huge influx of non game/graphics/hardware engineers the same mistake about "oh lets build a x but for oculus" happened every year. When I left they had contracted a company to re-make unity but for horizon. At the same time they were also making a blender clone, but in react or some stupid shitty idea.

At no point was there a comprehensive plan for what the UX should be like. there were lots of plans that people made, posted about, got many likes. Lots of redesigns of the button, new social features, avatars etc.

Carmak kept on banging on about time to fun, but he never managed to actually make that work. So a social company with a massive social graph, has a product where you can't easily join your friends in a game. (that might of changed, they revoked all my games when I left so I haven't logged in.)

But your point right, in all the years threads is the only new product they have launched, and that only happend by accident.

Meta's SOP is basically have an idea that gets zuck hard, do a small PoC, it shows promise, scale the team from 10 to 3000, and don't deliver anything.

The labelling I don't think is an attrition thing, I think its doing standard facebook shit, throw people at the problem, without thinking about how that would work