This is solid evidence for the inability of large corporations to actually innovate. They either copy smaller competitors or release crap that people don't need and never asked for, like "AI".
The reason we have a Chinese competitor that we cannot directly control is that Meta is buying up every promising US platform and shutting it down. Or just trying to copy it so that the competitor does not get enough users
I mean you could make the argument that Meta innovates, just not in any meaningful way.
They've innovated in VR, for sure, no question. But it's clearly not turning out to be what they hoped in the sort of weird AR business meeting sense (thank the lord).
They've also innovated in data-mining, which I'd personally consider a negative.
It’s very sad we don’t currently have a CapCut advanced video editor alternative for all mobile devices. It would be so nice if we had an open source mobile video editor for Android and iOS