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herval 3 days ago

Trivia: not sure if you’re aware, but there’s billion dollar companies in all these spaces you claim “nobody cares about”. Every single stock broker in the US trades crypto now. Omniverse earns Nvidia a ton of money, Apple earned a billion dollars with a clunky v1 and Meta is selling more and more Quests every half.

asadotzler 3 days ago | parent | next [-]

Apple has spent over $10B on AVP and made back less than 10% of that with no signs of improvement in the next year or two and continued big spending on dev and content.

Meta has spent over $50B on Quest and the Metaverse with fewer than 10M MAU to show for it.

If you think those are successes, I'll go out and get several bridges to sell you. Meet me here tomorrow with cash.

surgical_fire 3 days ago | parent | prev [-]

Yeah. Was not really a world changer as it was claimed to be during hype cycle.

Billion dollar valuation for a conpany in a given space is not as impressive as you think it is. Do I need to mention some high profile companies with stellar valuations that are sort of a joke now? We can work together on this ;)