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by cassonmars 1319 days ago
It’s not even clear yet whether this has been a bad investment decision. Zuckerberg is playing a long game here, and the market is notoriously short-term, immediate-profits-driven. Long term investors may actually be quite pleased if this strategy turns out to be generation-defining. Obviously no person can say this with certainty, but they can see his track record — he’s gone against the grain on many occasions, at the peril of short term holders, only to dramatically increase the overall profits of the company exponentially.
2 comments
celestialcheese 1319 days ago
Exactly. If he makes one announcement that he's directionally with Gerstner's shareholder letter [1] the stock will recover.

1 - https://medium.com/@alt.cap/time-to-get-fit-an-open-letter-f...

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anigbrowl 1319 days ago
> Zuckerberg is playing a long game here

He may have legs, but I'm not the same can be said of his strategy. While I give FB credit for things like Pytorch and other innovations, I can't remember the last time the firm produced anything interesting on the product side. I only maintain an FB account because of a few friends and family members who use it as their preferred platform.

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xvector 1319 days ago
> I can't remember the last time the firm produced anything interesting on the product side

Quest 2, which has outsold Xbox Series X|S?

Bringing E2EE to the masses via WhatsApp?

Turning Instagram from some niche hipster pictures app to one of the biggest social platforms in the world?

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ceejayoz 1319 days ago
All three of those were acquisitions, which seems to sorta prove the point.
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spiderice 1319 days ago
The Quest 2 was not an acquisition. Oculus was an acquisition. Then, over 6 years later, the Quest 2 was released. Not sure anyone can claim that FB didn't have a huge role in inventing the Quest 2 after 6 years of building up to it.
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ceejayoz 1318 days ago
I’ve got both Quests. The 2 is nice, but it’s not very different from the first gen; upped specs and resolution. The first gen was nice; separating it from the PC was important, but it’s still hard to see it as that innovative over the Rift predecessor it largely inherited from.
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