Comment by danpalmer
2 days ago
This may well be true, but my point is more that Facebook/Meta/Zuckerberg seem almost uniquely unable to turn the startups into great new businesses, when compared with the other big tech companies.
Amazon added cloud and prime, Microsoft added cloud, xbox, 365, Google added Chrome, Android, cloud, Youtube, consumer subscriptions, workspace, etc. Netflix added streaming and their own content, Apple added mobile, wearables, subscriptions.
Meta though, they've got an abandoned phone platform from years ago, a half-baked Metaverse that is being defunded, a small hardware business for the Quest, a pro VR headset that got defunded, a crypto business that got deprioritised, and an LLM that's expensive relative to open competitors and underperforms relative to closed competitors... which the tide appears to be turning on as the AI bubble reaches popping point.
> Facebook/Meta/Zuckerberg seem almost uniquely unable to turn the startups into great new businesses, when compared with the other big tech companies.
Really? Instagram, WhatsApp... the two most used apps & services in the world?
> Google added Chrome, Android, cloud, Youtube,
It's arguable how GCP is profitable, but chrome/android/yt are money-losing businesses if you exclude ad revenues.
They're money losing business if you exclude their revenue source? Thats a weird take, you could say the same thing facebook itself ...