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To me the whole Metaverse thing felt like Zuck thinking "ok, now I paid two billion for Oculus, I'd better come up with a plan what to do with it to keep the sh
by rob74 3y ago
To me the whole Metaverse thing felt like Zuck thinking "ok, now I paid two billion for Oculus, I'd better come up with a plan what to do with it to keep the shareholders happy!". And then the plan got out of hand...
- dageshi 3y ago2 billion for Facebook isn't particularly a lot of money, I doubt their shareholders would care very much so long as FB continued to be a money printing machine. The problem was tiktok. FB missed the short form video social media medium so it can't grow and if it can't grow it's no longer a "tech giant", so I think Zuckerberg desperately looked around and thought, "what comes after short form video?" and came to the conclusion it had to be VR because there isn't anything else that's obvious. And thus the pivot to the metaverse.
- typeofhuman 3y agoFB missed short-form video, but Instagram didn't. People just like TikTok better.
- nradov 3y agoZuckerberg still owns a controlling stake. The only shareholder he has to keep happy is himself. This was an attempt to get ahead of a potential disruptive innovation that might cause a strategic inflection point (as per "The Innovator's Dilemma"). Some people thought that AR/VR devices might displace smartphones in the social media space the same way that smartphones displaced microcomputers. So far that isn't happening, but I guess it's still a possibility.