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Meta's current situation is worth reflecting on. Frankly, the entire business model of this company is built on advertising monetization—from short videos to news feeds, ultimately just selling ad space. It used to pretend to have product strength, but now it no longer even tries to hide it. This single reliance on advertising is facing increasing pressure as user growth slows and the market saturates. When a tech giant's moat is reduced to just traffic and ad efficiency, the future imagination space has actually been compressed very tightly.