3 ms·
2 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
by dageshi 3y ago
2 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.