It's not a distraction if the research pans out and then they become the market leader for the next several years or more.

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siva7 2 days ago | parent | next [-]

The job of the CEO is to assess the research risk correctly. Zuck made the right bet here to replace him.

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hvb2 2 days ago | parent | next [-]

The guy that named his company after his own diversion?

It's his call for sure, but rather funny as an argument.

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hikarudo 2 days ago | parent | next [-]

The fact that someone made a mistake before doesn't mean that they will always make wrong calls.

	▲	ImPostingOnHN a day ago \| parent [-]
		not as a matter of certainty, but it certainly increases the bayesian prior probability of their calls being wrong

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thelastgallon a day ago | parent | prev [-]

Maybe he is keeping the name as a constant reminder of the mistaken. Like Berkshire Hathaway: Warren Buffett says Berkshire Hathaway is the “dumbest” stock he ever bought. https://www.cnbc.com/2010/10/18/warren-buffett-buying-berksh...

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esseph 18 hours ago | parent | prev [-]

Oh yeah? How's the metaverse doing?

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shadowpho 2 days ago | parent | prev | next [-]

Ok yeah but it’s not a certain bet. Resources are limited and you gotta allocate them efficiently.

10% chance to be market leader doesn’t sound as good as 60% second place to them for example

	▲	esseph 2 days ago \| parent [-]
		This is a prime example of why large companies have a problem innovating. Once you get close to the top, the risks don't look worth it.

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geertj a day ago | parent | prev | next [-]

> It's not a distraction if the research pans out

It is because even if it would pan out, it would mean temporarily losing AI leadership, reducing stock price, losing the ability to hire talent, and by virtue of that losing the opportunity permanently.

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2 days ago | parent | prev [-]

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