Comment Zuck is afraid. (Score 2) 57
What's he afraid of? Leading a media company. Facebook, Insta, Threads, et al are media companies. They sell audiences to advertisers. It's like a newspaper or radio, TV, etc. He didn't even invent the medium but sometimes the market rewards "second movers." But this guy is burning mountains of cash to try to be a innovator and he's failing. Badly. He burnt so much on the Metaverse I think shareholders would have grounds to throw him out. Now he's hopping on the only trend that could possible burn MORE money. He'd do better to remove the bots from his platforms and make them more attractive to wider audiences. Instead he's chasing this pipe dream that he's a tech trailblazer. The shareholders should sue him.