He did the same thing with VR/Oculus/Reality Labs. Huge budget but it doesn't justify itself in terms of outcomes. Strange. Is it something in the way he/Meta manages the projects?
I think Meta has a problem that very few of its internal projects widely succeed. Facebook and Messenger being the only two. The rest of the successes were acquisitions.
They have a similar money printer to Google, it isn't surprising they're just throwing money at anything they can to see what sticks. Almost like a modern Bell Labs
You can add past titans Xerox and Kodak and IBM to the list who spent money every which way and in the end walked away from most of it. The ad money-making machine is slowly coming to an end, particularly the part where they get to be dominant over large portions of the Internet, the EU, China, the USA, and other countries are finally waking up to the scourge of social media and are starting to slice it up.
And it is the reason why he (Zuckerberg) looking for anything outside of social media.
The total of Meta AI Capex for the last five years, reaches between $313 billion and $333 billion.
As comparison NASA’s entire annual budget is roughly $24.4 billion...
He did the same thing with VR/Oculus/Reality Labs. Huge budget but it doesn't justify itself in terms of outcomes. Strange. Is it something in the way he/Meta manages the projects?
I think Meta has a problem that very few of its internal projects widely succeed. Facebook and Messenger being the only two. The rest of the successes were acquisitions.
that's what you get being 100% top down. zuck will only accept his own ideas. just like musk, but without the market manipulation knack.
all other companies good products came from down up, like gmail, gmaps, etc.
Would be interesting to see what they can actually show for that investment. Some VR goggles and Raybans.
would be more interesting to strip them for parts and see if you could fund NASA improvements
Im presuming This does not include R&D which should actually be classified as a capital expenditure not operating.
that is only a tax dodging semantic. investors usually put it all under the same line for analysis.
[dupe] https://news.ycombinator.com/item?id=48767058
They have a similar money printer to Google, it isn't surprising they're just throwing money at anything they can to see what sticks. Almost like a modern Bell Labs
You can add past titans Xerox and Kodak and IBM to the list who spent money every which way and in the end walked away from most of it. The ad money-making machine is slowly coming to an end, particularly the part where they get to be dominant over large portions of the Internet, the EU, China, the USA, and other countries are finally waking up to the scourge of social media and are starting to slice it up.
And it is the reason why he (Zuckerberg) looking for anything outside of social media.
I wonder how he is so rich if the company never made money. I wonder who pay them
Why do your think Meta doesn’t make money? Their ad platforms are incredibly lucrative.
the company makes insane amounts of money. what are you talking about?