[gloryjulio]

> For one thing, I still don't understand Meta as a business

Zuck got spooked by apple ads change a few years ago, which crashed the meta's stock to double digit. So Zuck is trying to own a platform. They want to be a version of openai selling ads

[kombookcha]

This is an interesting angle. I had not considered how fundamentally exposed Meta is, should Apple and Google decide to break omerta.

[gloryjulio]

Btw I am just quoting someone else. It's in the news in for a long time. Besides ads monetization, Zuck's moves in recent years are mostly about creating their own platform so the Apple incident never happen again

[kombookcha]

It contextualizes all the strange Metaverse and VR-goggles stuff quite well. It always seemed like a weirdly forced product without any particular market fit - who is clamoring for a version of Teams where you need a bulky helmet, and can theoretically buy pretend digital land in order to have a... less useful corporate website? Who is interested in buying dorky goggles that instantly mark you as a weird creep who is probably recording everything you see?

Owning A Platform being the point instead of any actual use-case tracks perfectly with all these weird, forced pitches. These are all products for nobody.

[eiejee]

Actually his basket case investments with VR is what led to a loss of investor trust

[gloryjulio]

That's true. But trying out a new sector is one thing, even apple build their own vr. Zuck took so long to cut loss on vr platform because he wants to have this platform to be solely under his control

[zaphirplane]

How is that different from Facebook

[johndhi]

Good take! I buy it.