Budget is clearly not the problem FB has with moderating and anti-fake news. They don't want to do it because it conflicts with letting their userbase exchange pointless outrage and insanity to up the mutual engagement and thus, ad revenue.
I've long desired a separate "Events" product, like what Facebook provides, but not associated with Facebook. Messenger and Whatsapp could be separate. Groups and Ads could also be separate. Those are horizontal cuts. I'd also cut two verticals, Identities from below, and Feeds from above. Common protocols could allow smaller players to enter the field in all of these distinct markets.
