One of the largest companies in the world pivoted their entire branding and wasted tens of billions of dollars on a failed attempt to become basically a game dev/publisher.
The cynic in me wants to say that Facebook’s foray into VR was a resounding success in that it propped up their stock price until the next fad/grift could come along and take it’s place.
I mean, that basically is how the stock market has worked in the last decade, just basically do a marketing campaign for your company/stock, and then investors get FOMO, pile in.
You’re not really wrong, lol. Ever since the 08 GFC, the ‘economy’, as presented by the media basically just is a series of escalating bubbles in every industry.
… which are of course now, all at the same time… deflating, unwinding, imploding.
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One of the largest companies in the world pivoted their entire branding and wasted tens of billions of dollars on a failed attempt to become basically a game dev/publisher.
See also: Amazon.
The cynic in me wants to say that Facebook’s foray into VR was a resounding success in that it propped up their stock price until the next fad/grift could come along and take it’s place.
I mean, that basically is how the stock market has worked in the last decade, just basically do a marketing campaign for your company/stock, and then investors get FOMO, pile in.
You’re not really wrong, lol. Ever since the 08 GFC, the ‘economy’, as presented by the media basically just is a series of escalating bubbles in every industry.
… which are of course now, all at the same time… deflating, unwinding, imploding.