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It’s not even clear yet whether this has been a bad investment decision. Zuckerberg is playing a long game here, and the market is notoriously short-term, immed

It’s not even clear yet whether this has been a bad investment decision. Zuckerberg is playing a long game here, and the market is notoriously short-term, immediate-profits-driven. Long term investors may actually be quite pleased if this strategy turns out to be generation-defining. Obviously no person can say this with certainty, but they can see his track record — he’s gone against the grain on many occasions, at the peril of short term holders, only to dramatically increase the overall profits of the company exponentially.

anigbrowl 4y ago
> Zuckerberg is playing a long game here He may have legs, but I'm not the same can be said of his strategy. While I give FB credit for things like Pytorch and other innovations, I can't remember the last time the firm produced anything interesting on the product side. I only maintain an FB account because of a few friends and family members who use it as their preferred platform.
- xvector 4y ago
  > I can't remember the last time the firm produced anything interesting on the product side Quest 2, which has outsold Xbox Series X|S? Bringing E2EE to the masses via WhatsApp? Turning Instagram from some niche hipster pictures app to one of the biggest social platforms in the world?
  - ceejayoz 4y ago
    All three of those were acquisitions, which seems to sorta prove the point.
    - spiderice 4y ago
      The Quest 2 was not an acquisition. Oculus was an acquisition. Then, over 6 years later, the Quest 2 was released. Not sure anyone can claim that FB didn't have a huge role in inventing the Quest 2 after 6 years of building up to it.
      - ceejayoz 4y ago
        I’ve got both Quests. The 2 is nice, but it’s not very different from the first gen; upped specs and resolution. The first gen was nice; separating it from the PC was important, but it’s still hard to see it as that innovative over the Rift predecessor it largely inherited from.
celestialcheese 4y ago
Exactly. If he makes one announcement that he's directionally with Gerstner's shareholder letter [1] the stock will recover. 1 - https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-from-altimeter-to-mark-zuckerberg-and-the-meta-board-of-392d94e80a18 https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-f...

anigbrowl 4y ago

> Zuckerberg is playing a long game here He may have legs, but I'm not the same can be said of his strategy. While I give FB credit for things like Pytorch and other innovations, I can't remember the last time the firm produced anything interesting on the product side. I only maintain an FB account because of a few friends and family members who use it as their preferred platform.

xvector 4y ago
> I can't remember the last time the firm produced anything interesting on the product side Quest 2, which has outsold Xbox Series X|S? Bringing E2EE to the masses via WhatsApp? Turning Instagram from some niche hipster pictures app to one of the biggest social platforms in the world?
- ceejayoz 4y ago
  All three of those were acquisitions, which seems to sorta prove the point.
  - spiderice 4y ago
    The Quest 2 was not an acquisition. Oculus was an acquisition. Then, over 6 years later, the Quest 2 was released. Not sure anyone can claim that FB didn't have a huge role in inventing the Quest 2 after 6 years of building up to it.
    - ceejayoz 4y ago
      I’ve got both Quests. The 2 is nice, but it’s not very different from the first gen; upped specs and resolution. The first gen was nice; separating it from the PC was important, but it’s still hard to see it as that innovative over the Rift predecessor it largely inherited from.

celestialcheese 4y ago

Exactly. If he makes one announcement that he's directionally with Gerstner's shareholder letter [1] the stock will recover. 1 - https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-from-altimeter-to-mark-zuckerberg-and-the-meta-board-of-392d94e80a18 https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-f...