Comment by petesergeant
2 days ago
> What’s the end game here for Facebook?
FB is functionally dead for many people, unlikely to meaningfully grow. So they’re trying to reduce costs and make sure new platforms and ones that still have some growth potential get the effort instead. I’d rather work on the Threads or Instagram Reels teams than the FB one. And who knows, maybe the VR revolution Zuck wants really will happen.
VR revolution lacks the physics for it to ever happen. People need both time to plug into the vr and also money to buy the vr device and subscription. Two things that every business in the world wants from people which are in short supply these days due to how many hands want a finger in the finite pie of the consumers available time and money. Not to mention how the pie is generally shrinking due to increases to cost of living and wage depression.
It is kind of interesting how the incentive to profit leads to an outcome of lessened potential for profit. Someone who lives paycheck to paycheck is economically useless in the eyes of the capitalist: they have no money to part with essentially as whatever they are paid flows right out of their hands. What happens to capitalism when the numbers of paycheck to paycheck people continue to rise? A lot of the economic success of this country since WWII relative to other countries has depended on americans having more available disposable income to spend on consumer products than any other population in the world. We see that changing now. Strange times ahead.