“I want to take accountability for these decisions and for how we got here,” said CEO and cofounder Mark Zuckerberg in a statement after laying off 11,000 employees (13% of its workforce).
Like I said in other posts (e.g. 1, 2), META’s role in the metaverse should be minimal, if not close to zero. Large companies are TGV trains, they go from point A to point B, not from A to C.
Meta’s moat is not and will be not around the metaverse, but around:
- Algorithms – for better search and recommendations (moving away from deterministic models based on CPU power to probabilistic models based on GPU)
- AI – for content generation (that’s why they invest billions in CAPEX and very few companies afford this; not even Bytedance/TikTok)
- Messenger & Whatsapp – growing and monetizing these apps
- Instagram – the app’s potential is far from being reached
- Ad network – working around Apple’s App Tracking Transparency (ATT) policy in order to see the ad conversions. This link is now broken.
Meta is a cash cow and should act accordingly.
You’re welcome, Mark!
Source: TechCrunch
