| ▲ | milesskorpen 3 hours ago |
| Facebook stock is up 6x in ~3 years, so the market does not agree with your assessment of his track record. |
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| ▲ | ProfessorLayton 2 hours ago | parent | next [-] |
| And in the last 4.5y it's up 70% while the S&P500 is up 51% in the same time period, not quite as exciting eh? |
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| ▲ | dmix 2 hours ago | parent | prev | next [-] |
| Some people in tech want companies to innovate and take risks by spending on R&D instead of just funneling it back to investors or safer existing markets, others will complain that they took those risks and failed despite still running profitable businesses. |
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| ▲ | semiquaver 2 hours ago | parent [-] | | meta is spending an absolute boat load on R&D and taking massive risks. It seems like your actual position is “company bad” | | |
| ▲ | dmix 2 hours ago | parent [-] | | I'm in the former group where I personally support Meta taking risks on big ideas while still being profitable. Just like SpaceX and others. I don't blame Mark for getting excited about AR which is very likely a big market in the future, the gamble on the tech being affordable enough was just far too early for the scale of investment. Their investments there might still pay off as it gets cheaper. |
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| ▲ | briga 2 hours ago | parent | prev [-] |
| Astonishingly. I just find it funny that one person can be responsible for wasting hundreds of millions of dollars and still keep their job. |
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| ▲ | ergocoder 2 hours ago | parent | next [-] | | Because he made many more billions... Not sure why this is difficult to understand though. It's a simple subtraction. | |
| ▲ | mosura 2 hours ago | parent | prev [-] | | Easy: be responsible at the same time for tens of billions in upside. Post VR it is not like investors don’t know what this is. Meta bets and bets big. |
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