Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook Renames to Meta

about.facebook.com

Post reply on HN
Print view View original

591–600 of 1001 posts

Re: Facebook Renames to Meta

#591

Post by mattkrause »

uuddlrlr wrote: post #344
carbonguy wrote: post #304

Earlier quoted context omitted.

> If there is going to be a metaverse, I'm not sure I want Facebook to own it. It's like a bad sci-fi pulp story. I'm confident I don't want them to own it - or for it to be owned by a single party of any kind, for that matter. > Given their investment and research, I wonder if they should open it all up (even if contradictory to short-term gains in ad revenue) so it has a chance to grow? I mean, that would be nice f…

>I don't think Facebook is constitutionally able to give up ad revenue gains This "fiduciary duty" meme really needs to die. Seriously the idea of fiduciary duty [to maximixe profit] is dystopian, corporations don't fuck us over because they have to they do it because they can. Edit: clarify

Indeed! It's not even really true: I did some digging in this thread. https://news.ycombinator.com/item?id=23393674

The relevant legal standard is "Don't abuse the company for your own ends", not "you must do everything to get as much money as quickly as possible, consequences be damned!"

Re: Facebook Renames to Meta

#592

Post by tubby12345 »

wpietri wrote: post #536
filoleg wrote: post #352

Earlier quoted context omitted.

To be fair, that’s the exact same sentiment I remember reading about Zuck on HN around the time Instagram and WhatsApp acquisitions happened. People were saying it was one of the dumbest business decisions, that Zuck is just desperate and without any brain trying to spend his FB money on acquisitions before FB inevitably dies of irrelevancy, etc. Look at today, and I think most people would agree that acquiring whats…

They were great acquisitions because Facebook failed to compete in those markets. Facebook continues to fail to compete in the youth market. I don't think failing to innovate and then buying your way out of the hole is a sign of particular acumen. And they're still failing to innovate. Facebook now will be "retooling" toward "serving young adults the north star, rather than optimizing for older people." https://twitt…

>I don't think failing to innovate and then buying your way out of the hole is a sign of particular acumen.

I mean this is classic moving of goals posts - the only measure of acumen the CEO of a publically traded company is that little number called the share price. whether he buoys that number by brain-genius innovations or by brain-genius acquisitions, he's still demonstrating brain-genius business acumen (the proof of this seemingly tautological claim is that there are plenty of other companies that have failed to acquire their way out of irrelevance).

Re: Facebook Renames to Meta

#593

Post by fullshark »

TillE wrote: post #79

I don't understand what Facebook is even doing in terms of a metaverse. Like they have the VR goggles, but what are they actually doing with it? Coincidentally, MMO developer Raph Koster (Ultima Online, Star Wars Galaxies) has recently been detailing in a series of articles what his new company is doing in terms of building a metaverse, and it's pretty exciting in gaming terms. https://www.playableworlds.com/news/rif…

This was their previous attempt: https://youtu.be/PVf3m7e7OKU

Which I guess became Facebook Horizon https://socialmediahq.com/whatever-happened-to-the-hype-surr...

Re: Facebook Renames to Meta

#595

Post by fullshark »

floren wrote: post #331
coolspot wrote: post #264

Earlier quoted context omitted.

Twitter is 100 times more toxic than FB, but somehow everyone is focused on FB. I guess someone powerful is annoyed.

Journalists live their lives on Twitter.

And consistently reveal their biases, one of the greatest social platforms for that reason as you can see the sausage get made in real time.

Re: Facebook Renames to Meta

#598

Post by ben_w »

Tepix wrote: post #395
CoolGuySteve wrote: post #231

Earlier quoted context omitted.

I wouldn't be surprised if the next gen Switch has a VR headset accessory and blows the entire market away the same way the iPod and NES did to their predecessors. The required parts to make a 60Hz 1080p headset are entering the $100 cell phone market and that segment of components are more or less what Nintendo traditionally uses in its handhelds. Nintendo also has a long history of "blue ocean" products that tweak…

60Hz 1080p isn't good enough for VR. Bulky hardware that can be built for $100 isn't good enough for mass adoption. There's a reason why Meta is investing so heavily.

60Hz: I agree with you

1080p: I disagree, that can either be good or bad depending on the content. E.g. original iPhone was only 320x480, but Apple made it feel good.

Re: Facebook Renames to Meta

#599

Post by ashton314 »

Dang it. How am I supposed to tell people that when I talk about "meta-programming" I'm talking about Lisp and macros and cools stuff like that, and not that I'm programming for some shady-as-sin company?
Post reply on HN