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"they know what they are doing". Individually? Maybe! I hear Meta pays among the highest, if not the single highest salaries of FAANG. But as a company? Meta h

"they know what they are doing". Individually? Maybe! I hear Meta pays among the highest, if not the single highest salaries of FAANG. But as a company? Meta has been entirely incapable to innovate since it was renamed. Betting billions on an obviously flawed idea of a Facebook-owned VR universe, then shortly pivoting to a cryptocurrency that ended up being little more than a rugpull, and, after investing billions in expensive AI staff, they're now pulling the plug on that, too The most successful products like WhatsApp and Instagram were purchased, not internal developments. Nobody cares about Threads and it mostly only exists because Elon Musk destroyed Twitter. I sure hope Instagram and WhatsApp are bringing in enough money because Meta is running out of things to do, other than milking their current customers dry. Do they know what they're doing? Do they really?

refulgentis 9mo ago
It comes across as boorish, on an article about widespread sexual exploitation including children and 17-strike sex trafficking policies, to write a long rant about whether the trillion dollar company has a long-term business strategy that'll give it more power. That is quite clearly not what they are asserting, discussing, or even adjacent to conversationally. It doesn't help when you're exaggerating to make it have some foundation, and obviously so. (they pivoted from VR to crypto? pulled the plug on AI?)
wrxd 9mo ago
The game they’re playing isn’t to make new products or to make the products they have better. They’re playing the game of making the line go up and as much as I dislike them I have to say that they’re being successful
- kevin061 9mo ago
  That's fair I guess they really are successful at that.
raxxorraxor 9mo ago
They could have had their ecosystem if they would have been a little less greedy. I think this was the reason last gen VR wasn't overly successful, despite the advancements. No hackers and enthusiasts were able to do cool stuff with VR hardware because every hardware vendor sucked and nobody was exactly in an nvidia position. They didn't offer support for devices that were just 1.5 years old. I will never buy any Facebook hardware again, even if the financial loss isn't important to me. It is a matter of respecting the customer. If you start with enshitification outright, people might just skip your product.

refulgentis 9mo ago

It comes across as boorish, on an article about widespread sexual exploitation including children and 17-strike sex trafficking policies, to write a long rant about whether the trillion dollar company has a long-term business strategy that'll give it more power. That is quite clearly not what they are asserting, discussing, or even adjacent to conversationally. It doesn't help when you're exaggerating to make it have some foundation, and obviously so. (they pivoted from VR to crypto? pulled the plug on AI?)

wrxd 9mo ago

The game they’re playing isn’t to make new products or to make the products they have better. They’re playing the game of making the line go up and as much as I dislike them I have to say that they’re being successful

kevin061 9mo ago
That's fair I guess they really are successful at that.

raxxorraxor 9mo ago

They could have had their ecosystem if they would have been a little less greedy. I think this was the reason last gen VR wasn't overly successful, despite the advancements. No hackers and enthusiasts were able to do cool stuff with VR hardware because every hardware vendor sucked and nobody was exactly in an nvidia position. They didn't offer support for devices that were just 1.5 years old. I will never buy any Facebook hardware again, even if the financial loss isn't important to me. It is a matter of respecting the customer. If you start with enshitification outright, people might just skip your product.