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by jsheard 122 days ago
I'd maybe think twice about assuming Meta knows what they're doing after they just pissed $75 billion up the wall on a Metaverse dream that went nowhere.
2 comments

Pissed it away, but Zuckerberg is richer than ever and so are his stockholders it seems. I can’t imagine doing it, but also can’t imagine running Meta.
if it was just Meta perhaps I’d think twice but it is not just Meta, it is all of them
"The lemmings can't be wrong, they're all doing it". I think you're overlooking the incentive structures here.
I am certainly not saying that this can’t all come crashing down for the big boys, surely it can. I just am putting a little more weight on them than on people on the internet and doomsdayers hunting for clicks is all
I just keep thinking about SGI and, to an extent, Sun. Couple missteps and a couple innovations in the commodity direction and it will start having a negative effect.