Comment by mrweasel
8 hours ago
That is one of my huge complaints about the current levels of AI investments. You can do pretty much anything you want if you got $150B to spend, and then you go burn it on being uncompetitive in the AI space. Then you have the $80B Metas Reality Labs spend on a failed virtual reality and a pair of Ray-Bans.
It's not like Meta has nothing to show for the money it spend, but it seems like they could have spend that money on improving Facebook or Instagram, not that I think Zuckerberg really cares about those product anymore.
he doesn't but increasingly people don't care about facebook, and that will come for instagram as well. These social apps seem to be .. generational. Boomers use facebook and they are dropping like flies. Twitter has it's own cohort, instagram it's own. I don't expect these products to last forever, tiktok took a huge bite out of instagram. These are fad products.
Mark is just looking for the next fad.