TBH I got to say I am impressed. He is betting everything like no other CEO would even consider in their wildest dreams. Chances are he fails but if he makes it and the Metaverse takes off - he will go into the books as a legendary visionary above Jobs or any other tech leader. Btw for spoilers go watch Cyberpunk on Netflix. #tech #meta #metaverse
1.1b losses cuz of this stupid metaverse
That’s not a lot of loss lol
Where r u taking that number from? The loss on RL is 3.6B but the company overall is profitable.
Around 30b losses cuz of stock re-purchases at 300$...
Tim doesn’t leave him any other chance I guess
👍
If he didn’t do anything and meta was still fb… it would still go down since it is getting outdated. Then people would accuse him of not keeping with the times
Exactly. The wrong thing to do is bet on a social media app lasting forever. I'd much rather see them take the risk of being the first in a new market than just try to maximize ad revenue until the facebook becomes yahoo.
But it is going down faster than I thought because of metaverse ... Also FB now is not what it was because they have tried to squeeze too much money from it.
Metaverse is the dumbest and perhaps the most dangerous thing ever
Can’t be dumb and be the most dangerous thing at the same time. Pick one.
Dumbest
I’d still prefer a white board and monitor in the meta verse and keep my rooms Minimalistic , I hope zuck succeeds
It’s a Hail Mary that was too soon for the public. There is no way vr/ar takes off until the cost of the tech comes down, which won’t happen until the economy improves and the new chip factories come online. We are 5 to 10 years out from the meta verse being a true thing. Meta won’t survive until then.
You might be right but i hate it lol
It's still a profitable company
He is playing with fire...that's why people feel betrayed. There is a moderate way to play on your r&d.
You did see today's meta stock right?
That is my point - nobody believes in his vision, hence if he ends up right - it will be legendary.
Ha ha, invest then. I’ll bet against him