[qprofyeh]

Reads as RIP Metaverse to me.

Any time a CEO publishes such empty, wordy essays, it's probably earnings reporting time. I can't shake the feeling it's a public subreply at one of or a cluster of doubting investors, who started to doubt the CEOs vision for the company, or find the lack of one on a certain topic concerning.

[laweijfmvo]

FWIW, today is Meta’s earnings report

[lvl155]

That’s exactly why he published this. To justify his insane investment spend. I am not sure if investors will continue to give him a blank check. He’s not spending his money. He’s spending shareholder money to pursue personal projects and endeavors.

[9rx]

> I am not sure if investors will continue to give him a blank check.

What are they going to do, exactly? They explicitly invested in the company knowing that Zuckerberg would retain full control.

If they can show gross negligence there may be a legal avenue, but it would be pretty hard to justify chasing potentially profitable business ventures, even if they end up failing, as being negligence. Controversial business decisions are not negligence in the eye of the law.

Sure, they can sell their interest in the company — if someone else wants to buy it — but that just moves who the investor is around. That doesn't really change anything.

[lvl155]

Well, very true. They let him spend $100B plus on a mediocre VR devices that’s not improved all that much under Zuck. I keep thinking, what if they took that $100B and invested in Nvidia.

[9rx]

Hindsight is 20/20, I suppose. Not much they can do now, though, except sell their interest to someone else. But why would someone else want to buy their interest when that someone else could use the same money to buy a stake in Nvidia instead?

[xnx]

Looks like after-hours investors like what they see. Stock at all time high.