Editorial: Facebook flops and The New York Times buys a puzzle. What’s going on?
On Thursday, stock in Meta Platforms Inc., formerly known as Facebook, cratered a stunning 26% in a single trading day. And last Monday, The New York Times announced it had purchased a quirky but addictive puzzle named Wordle for a sum in the “low seven figures.”
Those two developments are more related than they first seem.
Facebook has run into a world of hurt, some of which are problems of its own making, some of which flow from the actions of competitors, but most of which
