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Except Facebook changed their name to distract people with a shiny new thing, hoping they will see that and forget about the other issue. The square rebranding
by yalogin 5y ago
Except Facebook changed their name to distract people with a shiny new thing, hoping they will see that and forget about the other issue.
The square rebranding too doesn't make a lot of sense to me. Bitcoins will fit naturally into their line of products without rebranding. Of course rebranding with a bitcoin related word is a cheap way to achieve a stock bump. So probably smart in that sense.
- Uehreka 5y agoThe fact that Facebook launched the Meta thing at a time when they were under scrutiny means they probably hoped to distract from what was putting them in the news, but I don’t think they did it just for that reason. Like, the whole whistleblower thing definitely concerns them and they want it to go away, but it doesn’t feel like enough to warrant conjuring a permanent name change and a whole video manifesto in a week. They were definitely already planning on doing this. It feels likely to me that this is part of a multi-year high level strategy to picot towards VR and crypto. That doesn’t mean I believe in it, I think there’s a lot that’s silly about Meta, and I’m a big believer in the ability of powerful people to do silly and misguided things. That may be what’s happening here. Consider that Jack may not possess any insights about this stuff that aren’t available to us.