Mark knows VR is a trillion dollar idea. But he also doesn’t want any market competition. So he’s going to tank one of the biggest companies of all time into the ground. Why? So investors are spooked from VR and never invest in another VR startup again. This way, once the hardware is ready to support VR, Meta will shoot up like a rocket and have no competition because all the investors were spooked. GENIUS. This is comparable to Amazon in the early 2000s when they purposely lost money on diapers to drive diapers.com bankrupt and eventually bought them.
Investors have short term memory. They buy IPO tech stocks every 5-7 years and forget about the last crash. Few remember 2020 crash.
You are saying mark crashed $meta so it has less $ to buy competitors?
You think Lina Khan, who has a punitive stance towards Meta, is going to let them acquire anything? She won’t even let them buy a VR fitness app.
Which company will be tanked?
Mark D?
🤣 no kidding. How about Mark miscalculated the value? VR is merely an real world extension, not alternative.
VR is trash.
No he want to get facebook to 10 billion dollars so that he can buy it and take it private.
With the current speed he burns $ when it becomes a trillion $ he already invested a trillion $
Has OP heard of Tim Apple and his VR Chocolate Factory 🍎
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But Zuckerberg at least posted his TC and YoE on blind