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Why Facebook is spending billions on the metaverse

johncoogan.com

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Re: Why Facebook is spending billions on the metaverse

#31

Post by salmonfamine »

krm01 wrote: post #9

As I was watching their 'keynote' I couldn't help but wonder about the many companies that took a similar approach and then died. Spending a ton of money on something doesn't make it automatically successful. [1] In fact, history has shown the opposite to be true. Take Facebook itself for example, it succeeded, not because it poured Billions into building its social network. Mark built something small, for a small ma…

Is this not, essentially, the innovator's dilemma? Facebook has to increase profits at a large scale now, and doubtlessly suffers from middle-management power jockeying, and so is unable to repeat the small market growth process that made them what they are today.

Re: Why Facebook is spending billions on the metaverse

#33

Post by krm01 »

tantalor wrote: post #27
krm01 wrote: post #9

As I was watching their 'keynote' I couldn't help but wonder about the many companies that took a similar approach and then died. Spending a ton of money on something doesn't make it automatically successful. [1] In fact, history has shown the opposite to be true. Take Facebook itself for example, it succeeded, not because it poured Billions into building its social network. Mark built something small, for a small ma…

How about Tesla?

Same: https://www.tesla.com/nl_NL/blog/secret-tesla-motors-master-...

Re: Why Facebook is spending billions on the metaverse

#35

Post by sslayer »

krm01 wrote: post #9

As I was watching their 'keynote' I couldn't help but wonder about the many companies that took a similar approach and then died. Spending a ton of money on something doesn't make it automatically successful. [1] In fact, history has shown the opposite to be true. Take Facebook itself for example, it succeeded, not because it poured Billions into building its social network. Mark built something small, for a small ma…

And those of us with Privacy concerns don't see this as a bad thing. However, it could be of concern if it is successful, and probably for more than just privacy. If anyone reminisces about the internet of 10-15 years ago, imagine if you will one absolutely dominated by Meta's virtual garden.

Re: Why Facebook is spending billions on the metaverse

#36

Post by kibwen »

Reminder that "VR" and "the metaverse" are not the same concept. VR tech and experiences will come regardless of whether or not there exists some sort of unified metaverse-like experience. It is possible to be bullish on VR while being bearish on whatever proprietary gatekeeper layer Facebook tries to invent.

Re: Why Facebook is spending billions on the metaverse

#39

Post by einrealist »

I am so turned off by the metaverse hype. The idea clearly aims at dominating our lives in order to squeeze money out of us. I despise that kind of dependency. It's just an awful idea. On the flipside, Facebook should burn some billions on this idea and finally fail at the complexity of realizing it.

Re: Why Facebook is spending billions on the metaverse

#40

Post by bduerst »

mrits wrote: post #17
littlestymaar wrote: post #3

Because Facebook is now a social network used mostly by people from 40 to 70. They aren't trendy anymore, and most of the Facebook-related press headlines in the past 5 years have been about privacy or advertisement scandals. They are in desperate need for some good PR if they want to restore their brand name.

You could replace Facebook with 'Windows' in your statement and it would be why everyone was sure MS was dead.

Microsoft is not betting billions with hololens on it's core windows desktop userbase.
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