4 ms·
Seems more like a speculative investment to me. If it becomes big, they want to own it and be involved. If it isn't, ok. Some investments lose money.
by asveikau 5y ago
Seems more like a speculative investment to me. If it becomes big, they want to own it and be involved. If it isn't, ok. Some investments lose money.
- azinman2 5y agoI don’t think it’d be ok if not. They’ve spent many billions and their stock price is partially hinged on them owning “the next big thing.”
- asveikau 5y agoI think you're touching on why corporate America doesn't understand what r&d is supposed to be. Expecting certain returns in specific places is not the point. You fund a lot of stuff and you don't know which is going to pay off.
- azinman2 5y agoThis isn’t R&D at this point. They’re pointing the entire direction of the company at it, publicly committing to it, renaming the company after it, and spending many billions.
- plorkyeran 5y agoNaming your company after something is generally a sign you believe in it and it's not just one of many bets you're making.
- asveikau 5y agoThey probably changed the name to avoid their growing negative image. It's just a name, like Pepsi. They can abandon the metaverse and still be ok.