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Everyone was crapping on Zuck for his pivot from FB to Meta, and I was generally in the minority for supporting it. I even bought a quest 3, even though I refus

by jarbus 2y ago

Everyone was crapping on Zuck for his pivot from FB to Meta, and I was generally in the minority for supporting it. I even bought a quest 3, even though I refuse to use instagram. This turnaround for the company has been legendary. I think there’s something to say on “betting on people”. I didn’t believe in Meta or the technology, necessarily - for some reason, I believed in Zuck. He was willing to put his entire empire on this massive bet and stuck it out, despite the backlash and negative PR

deleted 2y ago
[deleted]
ojbyrne 2y ago
Maybe? This isn't a product, it's a prototype. It costs $10k to build. https://www.theverge.com/24253908/meta-orion-ar-glasses-demo-mark-zuckerberg-interview https://www.theverge.com/24253908/meta-orion-ar-glasses-demo...
baby 2y ago
The engineers and the engineering culture at Meta is also incredible
regularfry 2y ago
Worth pointing out, possibly, that it hasn't actually paid off yet.
- zmmmmm 2y ago
  If they stopped forward investment today, Reality Labs would be profitable just selling Quest hardware and software and Meta Ray Bans. The reason it loses money hand over fist is because they are not nearly done yet with where they want the tech to be.
  - mucle6 2y ago
    Source?
    - zmmmmm 2y ago
      Revenue was cited at around $1bn for Q4 last year in their financial reports and about $2b full year [0]. I have to believe they could easily run the division at break even on $1-2b per year if they were not investing heavily in R&D on future devices and services. [0] https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx https://investor.fb.com/investor-news/press-release-details/...