5 ms·

They are still a very powerful part of interpersonal communication - friends and family. The only way forward is for them to kick out Mark, stop the insanity t

They are still a very powerful part of interpersonal communication - friends and family. The only way forward is for them to kick out Mark, stop the insanity that is Metaverse, focus on their core and play nice with the platforms and regulators.

__derek__ 4y ago
> The only way forward is for them to kick out Mark It might be hard to convince him to give himself the boot, especially while the company continues to make gobs of money. Maybe we'll see a compromise where the company starts paying a dividend and Zuck shovels the rest of the cash into his passion project.
colinmhayes 4y ago
Mark is unkickable, he has owns the majority of votes. We’re not even close to a world where he kicks himself
- layer8 4y ago
  He may end up kicking himself in a different way. ;) In any case, it will be interesting to see how the Metaverse thing will eventually perish.
- pclmulqdq 4y ago
  My guess is that he will resign in shame if the "Metaverse" project doesn't pan out for them, and get replaced by an MBA.
  - colinmhayes 4y ago
    Sure, but he gave himself until 2030 to prove the metaverse.
    - oneoff786 4y ago
      That’s a laughably short duration to produce mass appeal VR
  - yuppie_scum 4y ago
    It should be pretty obvious at this point that the man has no shame.
pclmulqdq 4y ago
From a less cynical point of view, they have basically bet the farm on "Metaverse." They can no longer buy out competitors (the FTC will block them), and they need a new monopoly to keep printing money. If they can make even a moderate success out of the metaverse project, they can get out of the hole. If they can make a massive success of the project, they will easily be the new Apple. However, I'm not sure that a recession is the time for a mega-cap company to start spending a lot on a new uncertain project.
- giantrobot 4y ago
  > If they can make a massive success of the project, they will easily be the new Apple. In what way? If Facebook wanted to replace the iPhone with some "metaverse" device they would need to be able to build a device way more advanced than their current offerings at a price point equal to or less than the iPhone. That means they would need to make up for thousands of person years of engineering, manufacturing, and operations expertise that Apple currently has. You're basically saying "If Facebook could build a copy of Apple from scratch and make some compelling products, they could be the next Apple". Samsung is an industrial behemoth and just keeps up with Apple. Not only is that unlikely it doesn't even sound possible.
  - threeseed 4y ago
    Might want to watch this as it’s quite clear Meta knows exactly what’s required to make the Metaverse a reality. And if they achieve it then it will be a game changer as big as the internet or smart phone. https://youtu.be/2zHDkdkqd1I https://youtu.be/2zHDkdkqd1I
    - deltree7 4y ago
      Bingo! I'm always astonished by the amount of cluelessness displayed by HN crowd -- supposedly at the cutting edge of things. Like all other platforms, about 5% of the posters at HN provide extremely valuable content. The rest just parrot current popular pitchfork (anti-capitalism, anti-corporate, anti-advertisments -- stuff that I can get from TikTok in a more entertaining format).

__derek__ 4y ago

> The only way forward is for them to kick out Mark It might be hard to convince him to give himself the boot, especially while the company continues to make gobs of money. Maybe we'll see a compromise where the company starts paying a dividend and Zuck shovels the rest of the cash into his passion project.

colinmhayes 4y ago

Mark is unkickable, he has owns the majority of votes. We’re not even close to a world where he kicks himself

layer8 4y ago
He may end up kicking himself in a different way. ;) In any case, it will be interesting to see how the Metaverse thing will eventually perish.
pclmulqdq 4y ago
My guess is that he will resign in shame if the "Metaverse" project doesn't pan out for them, and get replaced by an MBA.
- colinmhayes 4y ago
  Sure, but he gave himself until 2030 to prove the metaverse.
  - oneoff786 4y ago
    That’s a laughably short duration to produce mass appeal VR
- yuppie_scum 4y ago
  It should be pretty obvious at this point that the man has no shame.

pclmulqdq 4y ago

From a less cynical point of view, they have basically bet the farm on "Metaverse." They can no longer buy out competitors (the FTC will block them), and they need a new monopoly to keep printing money. If they can make even a moderate success out of the metaverse project, they can get out of the hole. If they can make a massive success of the project, they will easily be the new Apple. However, I'm not sure that a recession is the time for a mega-cap company to start spending a lot on a new uncertain project.

giantrobot 4y ago
> If they can make a massive success of the project, they will easily be the new Apple. In what way? If Facebook wanted to replace the iPhone with some "metaverse" device they would need to be able to build a device way more advanced than their current offerings at a price point equal to or less than the iPhone. That means they would need to make up for thousands of person years of engineering, manufacturing, and operations expertise that Apple currently has. You're basically saying "If Facebook could build a copy of Apple from scratch and make some compelling products, they could be the next Apple". Samsung is an industrial behemoth and just keeps up with Apple. Not only is that unlikely it doesn't even sound possible.
- threeseed 4y ago
  Might want to watch this as it’s quite clear Meta knows exactly what’s required to make the Metaverse a reality. And if they achieve it then it will be a game changer as big as the internet or smart phone. https://youtu.be/2zHDkdkqd1I https://youtu.be/2zHDkdkqd1I
  - deltree7 4y ago
    Bingo! I'm always astonished by the amount of cluelessness displayed by HN crowd -- supposedly at the cutting edge of things. Like all other platforms, about 5% of the posters at HN provide extremely valuable content. The rest just parrot current popular pitchfork (anti-capitalism, anti-corporate, anti-advertisments -- stuff that I can get from TikTok in a more entertaining format).