> If you want a recent example you can look at Facebook lighting almost $40 billion with their Metaverse product. That's just your hindsight bias. Lot of compa

> If you want a recent example you can look at Facebook lighting almost $40 billion with their Metaverse product. That's just your hindsight bias. Lot of companies have spent billions of dollars chasing apparently worthless product ideas. Some of them turned out to be big hits - electric car in 2009, social media based on 140 characters posting limit, online bookstore, a website to check out pics of your classmates and poke them etc. I like the fact that Facebook was audacious enough to spend 40B dollars on trying out something new. If successful, it would have opened up a huge new field for tinkering, just like the wave of social media companies in 2009-10.