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I thought Zuckerberg had unassailable control of the company. Investors may not like what he is doing, but he can change his mind on a dime, and there is little
by fbdab103 4y ago
I thought Zuckerberg had unassailable control of the company. Investors may not like what he is doing, but he can change his mind on a dime, and there is little anyone can do about it.
While I have not seen any Must Have use case for VR (nor does the technology currently seem fit for purpose) - I do appreciate the rationale for trying to trail-blaze this space. Facebook is subject to the whims of iOS and Android policy. They need/want to own a platform they control.
- twelve40 4y agoWe'll see what happens next, but there was way too much hype around that move (renaming the entire company!) Pivoting now would make him look completely clueless (and alienate even more e.g. talent). Besides, he would have to suggest the next big thing to pivot to, and what would that be?
- danpalmer 4y agoZuckerberg has full _direct_ control, but also the majority of his net worth is in Meta shares, so he's strongly incentivised to do things that investors like.