3 ms·
The difference is that Meta's chips are not developed by a separate company that just happens to be owned by Zuckerberg and charges Meta a ton of money for the
by pavlov 3y ago
The difference is that Meta's chips are not developed by a separate company that just happens to be owned by Zuckerberg and charges Meta a ton of money for the R&D work.
That would leave Meta's other shareholders paying the bill while missing out on the gains if the project becomes a success. In other words, the risk is shared but the potential rewards are reaped by just one shareholder.
- cma 3y agoElon is richer and used NASA money at SpaceX to buy bad SolarCity bonds, then used Tesla to bail out SpaceX and SolarCity when SolarCity were going to default on them. But, Zuckerberg has done some stuff maybe somewhat similar to the WeWork trademark thing: the "Meta" trademark came from his quasi-charity's investment into some kind of meta-study medical research company. I'm not sure there was any conflict there though as I think Chan-Zuckerberg initiative fully owned it and didn't have other shareholders.