Hacker News Reader

This is the kind of long-term investment needed to push metaverse forward. I think it basically requires a founder-CEO to accomplish, as public markets apply way too much short term focus to any other executive.

Seems like FB or TWTR or NTFLX or TSLA are the only big players able to accomplish risks like this at this point...

View on HN

FB is spending 50 billion on stock buybacks. Thats the biggest sign they have no clue what to do with the cash they have. From such people's imagination the metaverse is produced.

They could build a Bart extension from union city to East Palo Alto. There’s already a track.

My theory is the whole metaverse charade is just a nice story for investors in hopes to figure things out later when this inevitably doesn’t pan out. Kind of like g+

Reply on news.ycombinator.com