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Zucc knows what he's doing. No investor was ever going to love the $40B capex on metaverse, they would happily ride the Facebook cash cow into the ground and su
by Invictus0 4y ago
Zucc knows what he's doing. No investor was ever going to love the $40B capex on metaverse, they would happily ride the Facebook cash cow into the ground and suck the life out of the company dividend by dividend. Zucc just doesn't care about the quarterly reports, he's going to execute on his vision regardless.
- mola 4y agoNever liked Zuckerberg, but you seem correct. Facebooks trajectory was pretty obvious. Creating a TikTok clone or such would just be chasing your own tail. The only real future for Facebook is something new. It's very high risk, and can rarely be done in a public company the size of meta, but he positioned himself to make it possible. Time will tell if this bet was good (for him, for us I'm pretty sure a successful metaverse is awful)
- c7b 4y agoZuck's vision is btw directly taken from an explicitly dystopian narrative of how VR tech could play out. It is a vision that would be a net positive for humanity if it failed (and its fate is btw not tied to the success of AR/VR tech in general - it's quite conceivable that the one takes off without the other). It's driven by greed for money and power, and it is quite ironic that it happens to be Wall Street that's delivered the strongest negative verdict so far (which doesn't mean that it has to fail, btw - I was short Meta since they announced this vision, but I might consider realizing those gains soon).
- fullshark 4y agoWhy is it binary? Why is 40B capex going to make it a reality and 30B/20B/10B not?
- Invictus0 4y agoTo be clear, I don't think any amount of money will make it work, I don't believe in the vision. My point is only that Zucc is not the hapless dolt the article sort of makes him out to be.