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A comment on Peter Thiel to step down from Meta’s board. Parent comment
The underpinning failure of FB is indicated by
- ad-revenue (97% of FB's revenue) has an uncertain growth-perspective (as seen with the iOS privacy updates)
- Metaverse and VR in general (highlight Zuck's desperate, decade-long search for a new tech-moat) is a fad that is not going mainstream anytime soon
- inability to lead libra into success
All of these failures may seem unconnected but what ties them together is a deep underlying distrust of the company itself by the public
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The underpinning failure of FB is indicated by
- ad-revenue (97% of FB's revenue) has an uncertain growth-perspective (as seen with the iOS privacy updates)
- Metaverse and VR in general (highlight Zuck's desperate, decade-long search for a new tech-moat) is a fad that is not going mainstream anytime soon
- inability to lead libra into success
All of these failures may seem unconnected but what ties them together is a deep underlying distrust of the company itself by the public