The company’s pivot to the metaverse, complete with a name change (Meta Platforms Inc.) and a soulless PR campaign featuring chief executive Mark Zuckerberg’s sickly digital avatar, has resulted in it hemorrhaging money, while its core products—Facebook, Instagram, and WhatsApp—all seem to have very real vulnerabilities.In a Q2 earnings call, Zuckerberg warned of "an economic downturn that will have a broad impact on the digital advertising business."Facebook's revenue has declined for two consecutive quarters, costs and expenses are surging, operating margin is spiraling downwards, net income has been cut substantially, and so investors have abandoned ship and brought the share price down nearly 70 percent this year.An Advertising Platform Beyond an excuse to indulge in schadenfreude, should you or anyone else you know care about Zuckerberg losing $100 billion of his net worth?In this telling, Facebook is all-powerful and its march towards omnipotence inevitable—but on closer examination, we might realize this sounds remarkably like Silicon Valley’s self-mythology that doesn't track with how things have actually ended up."