MitchC
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Just had this come upTldr; Meta says it's laying off staff and easing off hiring to reduce costs – but will keep pumping billions into Mark Zuckerberg's metaverse
Has anyone read the book Moby Dick before?
Mark now reminds me of the captain in the book obsessed with chasing the whale, and in the end, perishes together with the whale (not sure if the whale died though).
Meta says it's laying off staff and easing off hiring to reduce costs – but will keep pumping billions into Mark Zuckerberg's metaverse
Meta's CFO said Wednesday the company was shrinking headcount in some teams, keeping it flat in others, and hiring only for its "highest priorities."www.businessinsider.com
Seems relevant
Maybe he will turn out to be one of those geniuses everyone doubted, they should in theory be years ahead of anyone else by the time the metaverse catches on, whatever that means or looks like.
I can’t see it happening though, I think he’s too caught up in what he wants everyone to do, not what they actually want to do.
He’s chasing the cat instead of offering it food.
That’s also the problem with public companies, they constantly need to be growing, he doesn’t have the option to just chill and let it make money like someone running a private company can.
And then it’s exaggerated even more by the fickle and competitive nature of social media companies.
Tiktok isn’t even bothering to compete with Instagram and Facebook, they’re going after YouTube. I think that’s very telling as to how far Facebook and Instagram have fallen. Instagrams current most popular and new feature is its TikTok clone, and all the most popular content is just 2 week old reposts from tiktok.
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