Comment Has Meta ever done anything that paid off? (Score 4, Insightful) 63
I don't mean this as an easy dunk, I really want to know if anyone can think of any counterpoints. I mean they have to exist right?
It really seems to me that Meta, and by extension Zuck, are the worst tech company and CEO of all time, propped up by a money machine they arguably fell into by accident.
But think about it, their only successes since Facebook itself, are just having cash first and buying their competitors.
Otherwise:
- their mobile efforts were basically a failure, but they bought Instagram
- their "pivot to video" was a money losing joke
- within that, remember when they wanted to be Twitch? That was a thing for a while.
- their messaging never really succeeded despite basically starting with the market cornered, but they bought WhatsApp
- where's Farmville today? they were supposed to become an app platform. That was a thing.
- they were going to be the world's ISP for a while, seriously, does anyone even remember that? Starlink broke them.
- and of course, The Metaverse is arguably the single biggest failure any big tech company has ever done
So seriously, am I missing any? Like Google is similar, but they birthed Chrome, gmail, Android, there are big wins among their failures. Meta . . . only misses.
Even if there are AI winners, it's just really difficult to imagine Zuck ultimately doing anything other than taking billions from his ad business and setting them on fire. But maybe the next $100 billion they burn will pay off, it kind of feels like they have to succeed eventually.