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‘Big Short’ Investor Michael Burry Says Meta ‘Has a New Coke Problem’
- jfengel 4y agoThe "New Coke" problem was the Coke did blind taste tests, not realizing how many other things were relevant. They genuinely had reason to think they had a better product. Meta hasn't done any taste tests. The product doesn't even really exist yet. To be a "New Coke" problem, you'd have to have marketing execs saying "b-b-b-but you preferred it when you tried it without the packaging". Maybe they will one day have a New Coke problem. But for now they're just guessing about what people want, and failing to produce it.
- Finnucane 4y ago>“The metaverse is a vision that spans many companies — the whole industry." Zuck's Nexus 6 brain can't come up with a vision that spans actual people.
- sn0w_crash 4y agoHe really does seem to simultaneously understand a lot and nothing about people.