Zuckster Demonstrates Persistence: Admirable But Expensive

December 7, 2022

I read “Zuckerberg Will Continue Metaverse Plans, With or Without Employees.” [Note: If the link goes dead, that’s the nature of some Indian news services in today’s whiz bang world of online information.] Is the write up spot on or does it reflect some Silicon Valley “real” news wonkiness via India’s Daily Hunt? I don’t know, but let’s assume the write up is chock full of actual factual information.

The article states:

Mark Zuckerberg, CEO of Meta, said, “skepticism doesn’t bother me that much.” He said that he is still optimistic about the metaverse. He said he has a vision of “5 to 10 years Horizon” during Wednesday’s New York Times DealBook Summit. Mark Zuckerberg’s decision to rebrand Facebook to Meta became the buzzword for the popularity of the metaverse worldwide.

Now what about the sticktoativity? The write up reports:

He said that the company is doubling down on the bet on an augmented and virtual reality-dominated future and accepted that it had received much criticism for losing billions in building its version of the metaverse.

But the most interesting statement in the report, in my opinion, was this one:

He [the Zuckster himself] admitted that the company needs to operate with more discipline and efficiency in the coming future due to macroeconomic laws that forced Meta to scale back on spending.

Will the metaverse have legs? Probably because adding “legs” to weird avatars is easy. Having legs for the metaverse business which has ingested a couple of bucks may be more difficult. The Zuckster won’t be able to walk back his position, metaverse legs or real world financial ones.

Stephen E Arnold, December 7, 2022


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