5 ms·
> I think I've called it a smoking crater where ten billion dollars used to be. It’s less of a waste of money if it paints Facebook as a technology leader and
by signal11 2y ago
> I think I've called it a smoking crater where ten billion dollars used to be.
It’s less of a waste of money if it paints Facebook as a technology leader and distracts lawmakers, and helps give the company mind space among the tech press.
In fact the metaverse may have started out as DC strategy [1].
Facebook Inc. is old and boring, catering to a predominantly older cohort and becoming “Big Social” by buying up anything promising (Instagram, WhatsApp). But Meta Inc. is a scrappy pioneer at the forefront of American tech that’s creating the future™. Be harsh with them at your peril, is the implicit message to lawmakers.
If you look at it as a PR / Corporate defense strategy, a billion is actually cheap.
[1] https://www.washingtonpost.com/technology/2021/09/24/facebook-washington-strategy-metaverse/ https://www.washingtonpost.com/technology/2021/09/24/faceboo...
- osrec 2y agoDC?
- baby 2y agoThey just launched the next twitter (Threads)
- ineedaj0b 2y agoi have a long post why this is the future on my google wave
- baby 2y agoit's not because you don't use it that a lots of others aren't, it's pretty lively there whereas google wave never really saw any traction
- benreesman 2y agoIt’s been a minute since I actually laughed out loud via reading an HN comment. In fairness, I think the GP was also being sarcastic.
- baby 2y agoAre you being sarcastic? https://www.reuters.com/technology/metas-threads-hits-over-175-mln-monthly-active-users-zuckerberg-says-2024-07-03/#:~:text=Meta's%20Threads%20hits%20175%20million%20users%20ahead%20of%20one%2Dyear%20anniversary,-By%20Yuvraj%20Malik&text=July%203%20(Reuters)%20%2D%20Meta,ahead%20of%20its%20first%20anniversary https://www.reuters.com/technology/metas-threads-hits-over-1.... > Meta's Threads hits 175 million users ahead of one-year anniversary