What little is released is shockingly poor - to the point where one wonders if these half-baked products will poison the well against a better thought-out and genuinely useful product further down the line. The company continues to pitch no actual product - it has remained frustratingly vague about what the metaverse even is - but also insist at the same time that the entire company is reorienting around it. The fact that FB has even let the public at these experimental products (rather than iterate internally) is baffling.Īs someone who's been in the consumer tech space for a really long time the strategy here is just mind-boggling. ![]() The recent Superbowl ad did not contain a single frame of actual product footage - nor did the "fake" product in any way resemble anything FB has announced!Īnd the little that does exist (Horizon Worlds) is. What does FB have to convince us of the metaverse future? A lot of expensive CGI-rendered "concept reels" and very little actual product that is actually here (or imminent). At least with Uber they had fancy robot cars to show off, even if they didn't work. More than that, the narrative shift isn't convincing. FB employees seem to have an inexhaustible belief that they can weather any storm without permanent harm, but I suspect that isn't actually true. ![]() I think it's both a function of investors having been burned in the recent past with unicorns failing to deliver on their lofty promises, but also the reality that FB has suffered significant (read: catastrophic) reputation damage from the endless stream of scandals. ![]() Oh I fully agree, investors won't be nearly as credulous with FB as they were with past companies with wildly optimistic visions (and not nearly such rosy results in reality) like WeWork or Uber.
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