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> For one thing, I still don't understand Meta as a business Zuck got spooked by apple ads change a few years ago, which crashed the meta's stock to double dig
by gloryjulio 3mo ago
> For one thing, I still don't understand Meta as a business
Zuck got spooked by apple ads change a few years ago, which crashed the meta's stock to double digit. So Zuck is trying to own a platform. They want to be a version of openai selling ads
- johndhi 3mo agoGood take! I buy it.
- eiejee 3mo agoActually his basket case investments with VR is what led to a loss of investor trust
- gloryjulio 3mo agoThat's true. But trying out a new sector is one thing, even apple build their own vr. Zuck took so long to cut loss on vr platform because he wants to have this platform to be solely under his control
- zaphirplane 3mo agoHow is that different from Facebook
- kombookcha 3mo agoThis is an interesting angle. I had not considered how fundamentally exposed Meta is, should Apple and Google decide to break omerta.
- gloryjulio 3mo agoBtw I am just quoting someone else. It's in the news in for a long time. Besides ads monetization, Zuck's moves in recent years are mostly about creating their own platform so the Apple incident never happen again
- kombookcha 3mo agoIt contextualizes all the strange Metaverse and VR-goggles stuff quite well. It always seemed like a weirdly forced product without any particular market fit - who is clamoring for a version of Teams where you need a bulky helmet, and can theoretically buy pretend digital land in order to have a... less useful corporate website? Who is interested in buying dorky goggles that instantly mark you as a weird creep who is probably recording everything you see? Owning A Platform being the point instead of any actual use-case tracks perfectly with all these weird, forced pitches. These are all products for nobody.