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Meta – Stratechery by Ben Thompson

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Facebook’s reorganization into Meta is the ultimate bet on the power of founder control.

Meta – Stratechery by Ben Thompson Skip to content Meta Thursday, October 28, 2021 The obvious analogy to Facebook’s announcement that it is renaming itself Meta and re-organizing its financials to separate “Family of Apps” — Facebook, Messenger, Instagram, and WhatsApp — from “Facebook Reality Labs” is Google’s 2015 reorganization to Alphabet, which separated “Google”, including the search engine, YouTube, and Google Cloud, from “Other Bets.” The headline for investors is just how much Facebook is spending on Reality Labs — $10

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