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> it makes you wonder what they're going to do next They're just gonna keep throwing money at it. This is a hobby and talent magnet for them, instagram is the
by qoez 2y ago
> it makes you wonder what they're going to do next
They're just gonna keep throwing money at it. This is a hobby and talent magnet for them, instagram is the money printer. They've been working on VR for like a decade with barely much results in terms of users (compared to costs). This will be no different.
- wongarsu 2y agoBoth are also decent long-terms bets. Being VR market leader now means they will be VR market-leader with plenty of inhouse talent and IP when the technology matures and the market grows. Being in the AI race, even if they are not leading, means they have in-house talent and technology to be able to react to wherever the market is going with AI. They have one of the biggest messengers and one of the biggest image-posting sites, there is a decent chance AI will become important to them in some not-yet-obvious way. One of Meta's biggest strengths is Zuckerberg being able to play these kinds of bets. Those bets being great for PR and talent acquisition is the cherry on top
- TheOtherHobbes 2y agoThis assumes no upstart will create a game changing innovation which upends everything. Companies become complacent and confused when they get too big. Employees become trapped in a maze of performative careerism, and customer focus and a realistic understanding of threats from potential competitors both disappear. It's been a consistent pattern since the earliest days of computing. Nothing coming out of Big Tech at the moment is encouraging me to revise that assumption.