The company that owns Facebook might be in trouble. Meta’s stock has plunged nearly 60 per cent this year, Facebook has been losing active users, existing users are consistently complaining about the company’s other social media platform Instagram, and fresh upstarts with their own apps are gobbling up the public’s attention.
As Meta executives pour billions of dollars into the virtual reality world they call the Metaverse, The Globe’s technology reporter Temur Durrani explains the problems within Facebook, what they say about the state of social media more broadly, and what social media might look like in the future.
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