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In his defense investors are very short term oriented. Unless you were an Amazon investor in the early days … investors these days seem to just care about quart

In his defense investors are very short term oriented. Unless you were an Amazon investor in the early days … investors these days seem to just care about quarterly earnings. I still think the meta verse is bullshit and Meta as a whole is a net negative to society (Instagram included) but… investors are not these long horizon angels either.

JacobThreeThree 4y ago
The problem is not short term vs long term, it's the magnitude of the planned expenditures. Amazon and other large companies created new products with small fractions of the funds that Meta is proposing spending. As illustrated nicely in the All In podcast, the only thing that compares in magnitude is the Apollo space program. https://youtu.be/A-bIpJdaCnM?t=2098 https://youtu.be/A-bIpJdaCnM?t=2098
- Bubble_Pop_22 4y ago
  That's good. We know what Facebook is and does. Pioneers need to put all the chips on the table and risk them all in order to get to make the next leap. You can make the argument that nobody deserves such huge decision making power, but if somebody should then the person who shipped a service used by 2 billion people is for sure the first in line. I am still rooting for expropriation of all billionaires but if it's not possible then the next best option is to let them spend and bet the company with the highest possible frequency. It's a much better outcome compared to transitioning into politics like Trump or Musk.
Comevius 4y ago
Exactly, it's not like the investors have any solution to Facebook's problem, namely that it's an ad company that depends on the benevolence of Google, Apple and Microsoft to be able to gather data. Meanwhile Apple is also an ad company now, and Microsoft is a sleeping giant with aspirations in this direction. It would be crazy not to go after the VR market now that the PC and smartphone markets are spoken for, cementing Microsoft, Google and Apple as leaders forever, or at least until war or climate change destroys the global economy.

JacobThreeThree 4y ago

The problem is not short term vs long term, it's the magnitude of the planned expenditures. Amazon and other large companies created new products with small fractions of the funds that Meta is proposing spending. As illustrated nicely in the All In podcast, the only thing that compares in magnitude is the Apollo space program. https://youtu.be/A-bIpJdaCnM?t=2098 https://youtu.be/A-bIpJdaCnM?t=2098

Bubble_Pop_22 4y ago
That's good. We know what Facebook is and does. Pioneers need to put all the chips on the table and risk them all in order to get to make the next leap. You can make the argument that nobody deserves such huge decision making power, but if somebody should then the person who shipped a service used by 2 billion people is for sure the first in line. I am still rooting for expropriation of all billionaires but if it's not possible then the next best option is to let them spend and bet the company with the highest possible frequency. It's a much better outcome compared to transitioning into politics like Trump or Musk.

Comevius 4y ago

Exactly, it's not like the investors have any solution to Facebook's problem, namely that it's an ad company that depends on the benevolence of Google, Apple and Microsoft to be able to gather data. Meanwhile Apple is also an ad company now, and Microsoft is a sleeping giant with aspirations in this direction. It would be crazy not to go after the VR market now that the PC and smartphone markets are spoken for, cementing Microsoft, Google and Apple as leaders forever, or at least until war or climate change destroys the global economy.