Projects like React and React-native have exploded in popularity and shareholders are not being rewarded for it. The potential missed opportunity is well over 3 billion.
The software development community has access to an enormous amount of open source tools. From RabbitMQ to Materialize.css, high-quality tools are often distributed for free under the banner of open source. While Facebook isnt the largest open source contributor, but some of their engineers have spent their time creating some of the most sought-after libraries on the planet with React at the top of the stack. Shareholders have not received any of the value that these projects have created.
Popularity of React and ReactNative
Facebook has done an enormous service to the development community but they accomplish this at the shareholders expense. They also forfeit the opportunity to diversify their revenue sources as they increasingly become reliant on the nonrecurring advertising model. Even if they built services around their open source projects as Amazon does with Aurora DB, that would be a better outcome for shareholders than nothing.
If you havent seen part two yet, view it here.