[dmix]

Some people in tech want companies to innovate and take risks by spending on R&D instead of just funneling it back to investors or safer existing markets, others will complain that they took those risks and failed despite still running profitable businesses.

[semiquaver]

meta is spending an absolute boat load on R&D and taking massive risks. It seems like your actual position is “company bad”

[dmix]

I'm in the former group where I personally support Meta taking risks on big ideas while still being profitable. Just like SpaceX and others. I don't blame Mark for getting excited about AR which is very likely a big market in the future, the gamble on the tech being affordable enough was just far too early for the scale of investment. Their investments there might still pay off as it gets cheaper.