Comment by rs186
2 days ago
Parent comment says "aggressively cutting unsuccessful bets" and Oculus is nothing like that.
Oculus Quest are decent products, but a complete flop compared to their investment and Zuck's vision of the metaverse. Remember they even renamed the company? You could say they're on betting on the long run, but I just don't see that happening in 5 or even 10 years.
As an owner of Quest 2 and 3, I'd love to be proven wrong though. I just don't see any evidence of this would change any time soon.
The VR venture can also be seen as a huge investment in hard tech and competency around issues such as location tracking and display tech for creating AI-integrated smartglasses, which many believe is the next gen AI interface. Even if the current headsets or form factor do not pay off, I think having this knowledge coud be very valuable soon.
I don’t think their “flops” of Oculus or Metaverse have endangered their company in any material way, judging by their stock’s performance and the absurd cash generating machine they have.
Even if they aren’t great products or just wither into nothing, I don’t think we will be see a HBS case study in 20 years saying, “Meta could have been a really successful company, but were it for their failure in these two product lines”