[theptip]

I don’t think that’s true. Google took their ad money and placed a famous number of bets on moonshots, more than any company in a long time (back as far as Bell Labs? Did even they fund their research to the extent Google has?)

The whole Metaverse bet at Meta is also plausibly a 10s-of-$b bet that isn’t going to drive the ad flywheel, though I’m sure they hope it is. My impression is Zuck would be ok with just having a VR platform even if it’s generating revenue from not-ads.