It's interesting that Bezos basically left Amazon to have his mid-life crisis. He handed over the reigns for all the important stuff and went off to work on oth

It's interesting that Bezos basically left Amazon to have his mid-life crisis. He handed over the reigns for all the important stuff and went off to work on other stuff whilst he partied on yachts. Facebook is so tied to Zuckerberg as a person that Zuckerberg's mid-life crisis is facebook's mid-life crisis. Facebook as a product has basically reached maturity, and it makes perfect sense that the company uses the cash they're throwing off to pursue other bets. But strategically refocusing the entire company on AR/VR is just bizarre. It damages the existing business which is still hugely valuable, it ties the new business to an existing reputation which is abysmal, and it makes the chances of success tiny - because you don't need to make something new that works, you need to make something new that justifies a trillion dollar market cap.