Facebook’s advertising mega-machine is faltering right as its founder bets big on a virtual reality future no one seems to want. Is this the beginning of the end?
For almost two decades, Facebook has dominated headlines and the lives of its users. It’s been blamed for genocides, pointed to as a vector of disinformation, and depressed you as you scrolled past high school acquaintances that seem to be doing so much better than you. But now its founder Mark Zuckerberg is obsessed with a virtual world no one wants, the company’s stock is down 70 percent from its peak, and it has lost $800 billion of its market capitalization.
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Are we finally witnessing the end of Facebook?On this episode of Cyber, Motherboard staff writer Edward Ongweso Jr. stops by to try to answer the question.
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