Submitted by diffusion-xgb t3_ysc7gs in MachineLearning
mxby7e t1_ivz9zsz wrote
Reply to comment by s1me007 in [D] Current Job Market in ML by diffusion-xgb
Meta is crashing because of C level hubris and the belief that they could be the central point of all social interaction online and in the metaverse. They've been making poor decisions internally for years and its catching up to them.
s1me007 t1_ivzcsm0 wrote
They’re crashing because they got fucked by Apple on targeted ads (their cash cow). They put themselves in a position to get fucked by Apple because so far they failed to become an OS/hardware company.
Why do you think they’re pushing for VR? To push the adoption of Oculus headsets. They failed with the Facebook Phone so now they’re thinking : whats the successor of smartphones ? VR headsets. It’s why Microsoft is betting on it as well
It’s a rational decision. Execution is another issue though
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