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.
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.