I guess he had nothing to lose by making those big bets really.

He’s got one of the biggest free cash flow machines in the world, so he’d rather swing and miss than not swing and be left behind, given that with $200B top line, there is essentially no financial penalty for a swing and a miss.

It does look goofy to have made such a big gamble on something as stupid as Metaverse in hindsight, though.