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Don’t read much into the product side of meta. Metaverse is just a hedge, so that if Apple shows us how to do VR/AR “right,” Facebook will have $10B worth of pi
by ed 5y ago
Don’t read much into the product side of meta. Metaverse is just a hedge, so that if Apple shows us how to do VR/AR “right,” Facebook will have $10B worth of pieces on the board to be competitive, allowing them to avoid another iOS platform risk. Owning a platform provides leverage elsewhere too. Apple will be Apple, but maybe Facebook can be Android, next time around. (As a side benefit, it also helps “rally the troops,” which is needed given current morale.)
- kooshball 5y agoya obviously it's reasonable that Facebook changed the name of their company for a "hedge"
- symlinkk 5y agoActually it’s totally reasonable. They got bad press and rebranded to seem hip and futuristic. It’s that simple
- ed 5y agoEh, I don’t know. Nothing of value was renamed — Facebook, Instagram, and WhatsApp are unchanged. And “Meta” is a good name for an umbrella organization, even if they drop their VR ambition entirely.