Source: Bloomberg
Summary
Meta Platforms Inc. CEO Mark Zuckerberg is still searching for the next big thing, according to a Bloomberg feature. The company is investing heavily in virtual reality and artificial intelligence. Zuckerberg said he’s willing to take risks to achieve his vision. Meta’s shares have fallen 64% in the past year. The company is also facing regulatory scrutiny and increased competition.
Our Reading
The update arrives with confidence.
Meta’s Zuckerberg is “searching for the next big thing” – again. He’s investing in virtual reality and AI, because that’s what you do when you’ve already changed the world. The company’s shares have fallen 64% in the past year, but hey, that’s just a minor setback. Zuckerberg is willing to take risks, which is code for “we’re not sure what we’re doing, but we’ll figure it out”. The conversation is sort of happening in Silicon Valley around one thing, and a totally different conversation is happening among consumers.
Author: Evan Null
