Since becoming Meta, Facebook’s parent company has lost US$650 billion

I took a small stake in META recently because we know that VR/MR/AR is the future. There are only a handful of titans who can get this technology, the hardware and the tooling, where it needs to be to bring about a revolutionary change in computing, rendering, platforms, content creation, and all of the jobs and rapid changes that will come from next gen VR/MR/AR technology. It will be world-changing. It's not a bad move for Meta to try to lead, but they don't have the customer base that will buy into it, YET. They need Apple, who has strategically monetized and battled tested every component of their research and development into this space, to release their next gen VR/MR headset. At that moment, the general public will gain clarity to where the industry is headed and the impact it will have on all other industries. With that clarity and tech stacks, Meta will actually get to ride the wave as well. They will see a huge boost in valuation from it. So I'm hoping we catch a concrete glimpse of Apple's developments the early part of next year.

We'll have Apple, Vive, Sony, and Meta as the main contenders. I imagine and hope that Meta can actually come in second place as a lower-end competitor. Competition is good. As the technology become normalized, being in second place is not a bad place to be. I personally wouldn't want to be trapped in the Meta ecosystem, BUT there are still quite a few anti-Apple consumers that will go with Meta solutions.

/r/tech Thread Parent Link - globalnews.ca