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> IMO metaverse was a bet. It was FOMO. They had no vision, they had no plan, it was clear that it was only a thing because it was a buzzword at the time. Just
by Zanfa 2y ago
> IMO metaverse was a bet.
It was FOMO. They had no vision, they had no plan, it was clear that it was only a thing because it was a buzzword at the time. Just like every other company stuffing crypto-adjacent things everywhere. It might have been a bet, but it was obvious that it was a really terrible one.
- Clubber 2y agoReminds me of Ballmer buying Nokia or Cook buying Beats (or whatever the company was called.) Cook's bet might have worked out a little better than Nokia.
- zqy123007 2y agoNot really. FB was choked by Apple and trolled by Google for so long, Zuck understood his position without a hardware platform in the furture. XR seems to be a reasonable bet which he already have an edge. If he won, he won big.
- rohit89 2y agoI do not know where this notion that Meta has given up on the metaverse comes from. Mark continues to talk about AR/VR at every opportunity and Reality Labs continues to invest big on it. The metaverse is a bet but its a 10 year bet that has not been played out yet.
- miki123211 2y ago> It was FOMO. > Just like every other company What other companies (besides Apple and a few startups that were specifically in the metaverse space) went in on the metaverse? I think this was very much unlike AI and crypto, where everybody wanted a piece of the pie. Meta seemed a lot more invested in this than most of the other tech players, which makes FOMO an unlikely explanation to me.