Comment by renecito
2 days ago
Mission accomplished: who'd tell disrupting your competition poaching their talent and erasing value (giving it away for free) would make people realize there is no long term value in the core technology itself.
Don't get me wrong, we are moving to commoditization, as any new tech it'd be transparent to our lifestyle and a lot of money will be done as an industry, but it'd be hard to compete as a core business competence w/o cheating (and by cheating I mean your FANG company already has a competitive advantage)
Whoa that's actually a brilliant strategy: accelerate the hype first by offering 100M comp packages, then stop hiring and strategically drop a few "yeah bubble's gonna pop soon" rumours. Great way to fuck with your competition, especially if you're meta and you're not in the lead yourself
But if Meta believe it's a bubble then why not let the competition continue to waste their money pumping it up? How does popping it early benefit Meta?