5 ms·
This is going to get super ugly over there. Sheryl Sandberg leaving was a part of this, the entire “oh, we have this pending investigation into you…no big deal”
by intodameta 4y ago
This is going to get super ugly over there. Sheryl Sandberg leaving was a part of this, the entire “oh, we have this pending investigation into you…no big deal” is the corporate equivalent of the claws coming out just a little bit to tell you that if you don’t quit, the claws will come out all the way. She was expensive and probably not fully engaged and bought in with this random direction change into Metaverse, a business which won’t exist for another five years, realistically.
This is classic managed decline. They have real problems.
I went through something similar at a past employer. Best people left almost instantly. Followed by a steady drain. Then eventually the garbage got thrown out the back forcefully (people who couldn’t get out, we’re lucky to escape the purge or didn’t get the memo that they needed to leave months ago).
The reality is that Meta probably doesn’t need the best people to run what they have, it’s mostly figured out. The entire metaverse business is a giant open ended R&D spend to fool gullible pension funds and investors into not selling their stock. Building a TikTok clone by copying features won’t be that hard and doesn’t need 10,000 engineers.
They really are going to be forced to acquire companies to gain any real traction in metaverse. Very unlikely they come up with what they need in house.
Unload the ship, sabe capital, try to buy up tons of companies at the bottom at good prices to recap the talent, have some high skill team build the TikTok thing, keep a skeleton crew running the FB app.
Will just be horrible. The tone of what he just said is going to green light everyone eating eachother alive.
I wouldn’t want to be a ceo because you have to do things like this. No. Thanks.
- cokeandpepsi 4y agoThe 'metaverse' play just feels weird to me, kudos to them if it works out though
- papito 4y agoHave you been to the metaverse? It's atrocious. 3G graphics from 1996, no real interactivity, nothing to do just "walk around". It's a thing that was stitched together by a bunch of people who clearly do not believe in any of it. Just the bare minimum to collect the fat FB paycheck and options.
- xtracto 4y agoCan I ask a genuine question (I'm 40 years old so please bear with me): What the heck is the "Meteaverse"? Is it an app/game that Facebook implemented similar to "Second Life"? is it something like Fortnite? Those have been for quite some time... shit, I was playing Unreal Tournament online decades ago. Eve online players have been having full financial/belic/development online interactions also for decades. What's the "innovative" thing about this "Metaverse"? is it the 3D headset thing? Does that work for people who have strong astigmatism in one or two eyes (3D films sucked for me because given the difference in my eyesight on each eye, I never saw the 3D effect).
- papito 4y agoWell, that's it. I have never met anyone who bragged about owning a unique car in GTA. Literally no one cares. Why I would want to pay hundreds of dollars for virtual Nike sneakers is beyond me.
- buzzert 4y agoI don’t think the future of the metaverse will have anything to do with 3D actually. The 3D/VR stuff is more of a fad than a long term plan. The real vision behind the metaverse is thinking that many of the things we currently do in person (i.e., concerts, going to bars, school, work, etc.) will eventually move online. Meta wants to position themselves as the “platform” for this.
- nunez 4y agoi mean cellular internet was absolutely terrible in the beginning, and now it's almost essential for Western-style daily life
- AtlasBarfed 4y agoFacebook the brand isn't just poison, it's an pandemic killer virus on any other markets. Instagram will be a bad joke soon, worse than facebook. Will anyone want their most superficial and narcissitic period of their lives remembered? Nope, it'll get chucked out when their audience grows up. Which is right about..... now. Metaverse? Who would want Zuckerberg and his sociopathy associated with a virtual world? Other companies will do it better and with more trust. Facebook is old news. It's the FoxNews of FAANG.
- elforce002 4y agoFacebook as a platform is for old people. Gen Z is on TikTok and Snap. Late millennials (28-36) are on Instagram and moving to TikTok. Facebook still has relevance outside the US but TikTok is gaining momentum. The reality is that the fb era is starting to sunset. IG is becoming the Frankenstein Monster, copying features from other platforms trying to stay relevant.