> laughed at for overpaying for Instagram and Whatsapp
That's not how it went down. They were laughed at for screwing up so badly that these apps were drinking their milkshake, and then they panicked and paid way more than any fundamental analysis would price these apps at, because they weren't actually buying an app, they were paying a ransom on their monopoly.
> Their continued bet on VR is still highly criticized
Because Zuckerberg thinks people are going to go around wearing his face hugger.
> and I'm sure it will have huge ROI in the near future
The "VR play" is predicated upon VR somehow taking even more time away from its users than cellphones do. The only way it works is if people put it on when they wake up and take it off when they go to bed. Heck, maybe leave it on in some kind of REM-mode so zuck can put ads in our dreams.
Meta "succeeds" as you demonstrated, when they wait for someone else to outflank them, mostly by not being Meta because Meta is creepy and nobody likes it, and then they fire a money bomb at at. The way for VR could have succeeded is if Occulus stayed independent and focused on gaming where it shines for another decade, and then as people start to feel like it could be a building block for something more, snatch it out from under them. Instead Zuck bought it too early and smothered it with his empire of ick.
alrite
> laughed at for overpaying for Instagram and Whatsapp
That's not how it went down. They were laughed at for screwing up so badly that these apps were drinking their milkshake, and then they panicked and paid way more than any fundamental analysis would price these apps at, because they weren't actually buying an app, they were paying a ransom on their monopoly.
> Their continued bet on VR is still highly criticized
Because Zuckerberg thinks people are going to go around wearing his face hugger.
> and I'm sure it will have huge ROI in the near future
The "VR play" is predicated upon VR somehow taking even more time away from its users than cellphones do. The only way it works is if people put it on when they wake up and take it off when they go to bed. Heck, maybe leave it on in some kind of REM-mode so zuck can put ads in our dreams.
Meta "succeeds" as you demonstrated, when they wait for someone else to outflank them, mostly by not being Meta because Meta is creepy and nobody likes it, and then they fire a money bomb at at. The way for VR could have succeeded is if Occulus stayed independent and focused on gaming where it shines for another decade, and then as people start to feel like it could be a building block for something more, snatch it out from under them. Instead Zuck bought it too early and smothered it with his empire of ick.