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Facebook keeps pivoting to new projects — and then abandoning them

Facebook's plan to wind down its podcast platform is the latest in a long line of projects the social network has launched with fanfare and then unceremoniously scuttled.

Why it matters: "Launch, test, shut down" is a common pattern in tech's "fail fast" culture, but Facebook has a striking record of big product reversals — and now founder Mark Zuckerberg is betting the whole company on a vast metaverse project that it can't afford to see fail.


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