alt Hacker NewsIf Google is slowly dying, then Meta is quickly dying. I still never understood the hard reframe of their company to the Metaverse. Why was it so important that they had to pivot the whole brand? And now AI is here and they're 20 steps behind. But then again, everyone says the best way to test your brand on the market is to buy Meta ads so what do I know. I guess they're just the Yahoo of the 2020s.
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The sun will be magnificent before dying.
They wanted a platform, something they controlled. They wanted to be Steam. They wanted to be microsoft. Own the ecosystem and charge everybody 35% for the rest of eternity.
And remember Zuck has full control of the company. And his whole thing is not to actually return value to shareholders. His whole thing is believing that going 'all in' on the next big thing is the best thing you can do.
Dropping 20-50+ billion, on every new 'thing' for the next 40 years is what they do. And they can do it because they have a money printing machine.
Because people like Zuck think that because they're unimaginably rich, they must have gotten that way because of their own good sense, instead of getting insanely lucky at just the right time when his original product was primed to be well received.