Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo...
by scyzoryk_xyz on Friday October 28, 2022 @09:43AM
(#33371296)
This. It’s normal for companies to make big bets and lose.
However, we should definitely learn to not care. The toy was $300 and it did not meet expectations. Doesn’t every child learn this at the age of 6? It happens.
Personally, I think they are fully aware of this, but they had a monopoly on their hands, and they needed/wanted to deflate it. Refocusing to a long term gamble is a good way to use the money to at least execute a project and pay a bunch of good people to give it a try.
However, we should definitely learn to not care. The toy was $300 and it did not meet expectations. Doesn’t every child learn this at the age of 6? It happens.
Personally, I think they are fully aware of this, but they had a monopoly on their hands, and they needed/wanted to deflate it. Refocusing to a long term gamble is a good way to use the money to at least execute a project and pay a bunch of good people to give it a try.