There is something to be said for companies doing one thing.
MySpace still exists. If MySpace (were still) part of a larger company, they probably would have been shuttered by now as irrelevant. As long as Facebook just has one thing, 'Facebook', it will also safely limp along long after it is the backwater of the internet, a place you can't believe still exists.
> There is something to be said for companies doing one thing.
The only real difference is instead of shuttering they pivot. The name sticks around but they still delete all your old stuff[1], so the effect is the same.
But social networking is the core of what Facebook does, and that includes the failed phone. G+ is pretty much irrelevant to Google's core businesses, which are search and advertising.
MySpace still exists. If MySpace (were still) part of a larger company, they probably would have been shuttered by now as irrelevant. As long as Facebook just has one thing, 'Facebook', it will also safely limp along long after it is the backwater of the internet, a place you can't believe still exists.