The Conglomerate Paradox: As GE splinters, Facebook becomes Meta

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In the first scene of the first episode of the classic sitcom 30 Rock, television showrunners Liz Lemon and Pete Hornberger nervously walk into an office under renovation to meet their boss, Gary. They can’t see him anywhere. “Where is Gary?” asks Lemon. Just then a man in a suit kicks down a wall and barges into the room. “Gary’s dead,” the man says. “I’m Jack Donaghy, new VP of development for NBC-GE-Universal-Kmart.”

Donaghy explains GE has promoted him because of “his greatest

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