[Tiktaalik]

They should just return cash to shareholders if they can't think of anything better to do, but I guess Zuck has too many shares and no one can force him to do this and so we have to watch him light money on fire as he chases some gimmick that will take Meta to the next level.

[bonesss]

This seems to be the common take, Zuckerberg pissing away money because he wants to and can, and I can’t reconcile it with Metas vulnerable position.

Remember ‘adpocalypse’? Metas cash cows all rely on third party devices and hardware they don’t control. Apple and Google dictate how much info they get on critical fronts, and can cut Meta out at any point. VR was an attempt to create a sustained platform advantage where Meta was in control. “AI” is an area where Metas mining of its own data could plausibly create products and services that would be uniquely competitive against MS/Google/Amazon and OpenAI/Anthropic. Regardless of broader market success, those AI capabilities should avoid a scenario where Metas operations and ad-wizardry have to rely on a third party AI giant who is simultaneously a product competitor, dooming them to irrelevancy.

The accusation is the Zuck is flighty and arbitrary. But his business is arguably a dead-man-walking without strategic realignment. On a 15 year timeline Meta is vulnerable from all sides and swimming upstream against social platform decay. These Hail Mary efforts seem reactive to their vulnerabilities, with an eye to securing long term existence.

[ChiperSoft]

It's so incredibly common that when a company becomes successful and only has predominantly one owner, there's nobody to keep him from treating his employees like personal play things.