For anyone still complaining about this pivot, ad revenue is already drying up due to new privacy laws and initiatives by platform owners like Apple. XR (AR/VR) offers a potential future for meta even though the hurdles are hard
it's interesting in that it reinforces both sides of the argument ....
it supports both that he's a crazy zealot driving Facebook off a cliff, but also that he's a visionary because exactly the things he was worried about and foretold are coming true. Ironically, the worse Facebook does financially the more vindicated he is. Which version you choose to believe is probably highly dependent on your own prior subjective opinions, as both are plausible.
If Facebook didn’t pivot, it would die a slow yahoo death. What’s the point of that if you’re a founder still in control? I think the chance to be a major player in a paradigm change is a worthy risk
I think you’re right. The younger you are, the more open minded you are to new things and concepts; instead of hanging onto the safety of the familiar and comfortable. The older generations tend to play it safer and boring in nearly every aspect of their lives
He’s going on and on about immersive AR/VR experiences. But TikTok wrecked that vision by proving people wanted freedom FROM choice. They wanted and want LESS social - just send content to me that you know I want.
Zuck missed it and now he’s playing catch-up because he smartly bought Instagram but couldn’t buy his destroyer.