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Just because the end concept was useless doesn’t mean the individual pieces don’t have value. Meta’s loose wallet probably kickstarted the work of dozens of sm
by georgeburdell 7mo ago
Just because the end concept was useless doesn’t mean the individual pieces don’t have value. Meta’s loose wallet probably kickstarted the work of dozens of smaller companies in the hardware space whose work can be parlayed into other areas.
- drivebyhooting 7mo agoIt was not very efficient usage of the money. It actually ended up paying for overpriced real estate in the bay area and vanity toys such as Porsches.
- georgeburdell 7mo agoConsidering other mega corps would either hoard the cash or increase dividends, the fact that any money went to engineers is a win. Saying the money would be better spent funding startups does not reflect any real possibility.
- lostmsu 7mo agoThat would be useful if they open sourced the effort. Otherwise it will die of total irrelevance 15-30 years from now.
- WillPostForFood 7mo agoFacebook's mismanagement of VR financed and launched Anduril.