$FB's Dream to Connect the World is Dead

https://archive.fo/Q5stM

For investors, the more worrisome signs have to do with the company’s struggle to monetize Instagram’s short-form video product Reels, its answer to red-hot Chinese-owned rival TikTok; a privacy crackdown by Apple that has limited Facebook’s ability to target ads on iPhones; and mounting expenses in the company’s dramatic bid to build a virtual reality future that it calls “the metaverse.”