Can you forget how you feel about Meta?

Meta’s latest pivot shows how quickly a platform giant can redirect capital and talent from one strategic bet to the next, even after an $80B metaverse write-down, and still preserve a highly profitable core business. For CIOs, the key implication is that Meta is positioning smart glasses and AI agents as the next computing layer, which could reshape employee devices, collaboration, and customer engagement—but it also heightens concerns around privacy, security, governance, and vendor concentration given the company’s trust and regulatory baggage. IT leaders should view Meta as both a potential platform partner for new AI-first experiences and a reminder that large-scale innovation bets can create material operational and reputational risk.