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A comment on Meta's Shares Plunge by 25%, Zuckerberg Asks Investors for Patience.

Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by throwaway71271 on Friday October 28, 2022 @09:52AM (#33371413)
The success path of any disruption look very similar to the failure path, the 'firs they ignore you, then they laugh at you, then they fight you and then you win'

It seems now we are at the 'they laugh at you' stage. In the same time I never would've thought 5 years ago that literally nobody will be watching the news anymore. The current work from home experience is completely broken, maybe they can improve it, who knows maybe there are even regulations or government incentives due to climate change to move to WFH, and then Meta will be very well positioned.

Its a huge bet, but I am kind of happy that they are trying something instead of doubling down on "fundamentals" which is basically digital heroin sold to kids in exchange for their attention. (Of course, the metaverse will probably evolve into digital fentanyl..)

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Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by randomopining on Friday October 28, 2022 @10:08AM (#33371570)
It's the same idea isn't it? Just get people addicted to lock them into your platform and drain value from them.
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Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by ryanklee on Friday October 28, 2022 @12:05PM (#33373273)
The bet itself is reasonable and laudable even. The execution is total garbage and the snickering and memes over Horizon are justified. It looks ridiculous. If you want to make big bets about creating the future, then you better make sure your vision is convincing.

People are laughing because it's a joke to the people who constitute its core market, not because it's misunderstood.

I like my Oculus Quest 2, but I sure as hell wish someone other than Meta/Zuckerberg were in charge of its future.

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Re:Meta's Shares Plunge by 25%, Zuckerberg Asks Investors fo... by timoth3y on Friday October 28, 2022 @09:53PM (#33380207)
> 'firs they ignore you, then they laugh at you, then they fight you and then you win'

Sure, and there is 90% attrition at each stage. Most ideas are stupid. Some stupid ideas get enough attention that people laugh at them. When incumbents resist a new idea, they usually with.

Unless you have a very compelling strategy on how to survive this filtering. In all likelihood, people are laughing at your idea because it is really bad.

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