@Gargron My thoughts exactly. They see the future and they know it's not walled gardens.
More to the point, just because they're Meta doesn't mean they'll be successful.
Kodak was an early adopter of digital cameras, but they went bankrupt.
Why? Because they just couldn't leave film photography behind.
@atomicpoet @Gargron yes their lab built a big box with a tape deck as I recall. I think AT&T invented the CCD camera for their Picturephone. They probably thought like everyone else that it would never match film for quality.
Of course the digital camera manufacturers have a problem now because phone cameras are good enough for most things.
Xerox should have owned office computing too. Western Union should have owned telephones - the first telephone calls were made over their lines after all.
@atomicpoet @Gargron I have a book on steam power here. In the late 19th-early 20th century there were many companies making steam powered land vehicles, most for hauling heavy loads. https://150case.com/ here is an outstanding example - most were not that big.
Not one is a modern car or truck maker. A basic technological change almost always results in a new crop of companies, even if the new tech does the same thing as the old tech.