There is no leadership here. However, you can be sure when the next round of layoffs happen, there will be no "mea culpa" from the C-Suite, lots of golden parachutes and the unemployed will be the cogs in their wheel.
It's pretty much impossible that anything organic or creative could be created by Facebook at this point.
They treat employees like shite, and the only folks left or willing to join are the mercenaries. It is a testament to their business model that it survives in spite of all this.
The business model is pure moat. When the competition is bought up and new competition has it very hard to enter the market because your position is so utterly dominant, you don't need to innovate, you just milk everything you got to death, it's not like people have much of an alternative.
The only threat Meta has is Tiktok, and if I were to guess, we'll see Tiktok end up in Meta in a few years. Forcing Bytedance to sell off Tiktok with only 19.9% remaining in BD's hands was a necessary move given the serious national security implications, but eventually Oracle, Silver Lake and the Emiratis will want their money back, and the "best" way for the grift to finally complete will be for everyone of these three to sell their stake to Meta before a new administration can bring in a new FTC leadership to prevent such a merger.
Wait no, not like that.
"Oops, all broken."
However, this is temporary. When people have seen enough fpv content it will stop getting engagement and the glasses will be forgotten.
And that’s besides the point of psychological outcomes for the child of a parent always intermediating eye contact with eye-of-meta contact, like it’s one thing to be out in public and see someone who might be streaming, but growing up with the expectation that any action, any expression you give in a parents direction may be captured and played back? Awful.
Maybe for the dozens of people who are actually recording their feats of extreme sports the new oakleys are a good product market fit.
OTOH the audio experience was surprisingly good and if they made a pair without cameras I would buy them.
Truth is Zuckerberg doesn’t really like to succeed (and at this point he doesn’t even have to anymore, his family is set for life). He likes to struggle. It’s the only thing that gives that nostalgic feeling of being a scrappy startup trying to break into new markets.
At the end of the days, his legacy will be a few big wins and a long history of stuff he tried and failed at. That’s not really much different from any regular person’s life. Nothing to be ashamed of. As long as Meta still prints money, expect them to chase every trend for the next 40+ years.
Dating
Cryptocurrency
AR/VR
AI
Gambling <— Zuck is here
This man struck gold exactly once with social media and, rather than being content with his billions, will forever chase that high pursuing the latest fad and drag his company through failure over and over again.
Those two things are not the same thing.
He will never be generally content, no.
https://www.mmamania.com/ufc-mma-rankings/452601/ufc-finally...
2. Spin out the other garbage into different companies.
He is content with his billions. That is why he can piss it away on stupid ideas now.
Launching a prediction market is exactly the type of thing I would expect from them.
The app was called Forecast, and launched in June 2020. (Around the same time that Kalshi and Polymarket launched, actually!) It was framed as a way to make the comments and activity on Facebook actually productive rather than toxic, and build expert reputation signaling mechanisms.
I think they sunset it after about a year.
A betting market??
