With whims of iron, Zuckerberg and Musk are bringing their companies to the edge of the grave, and shareholders and users have no say in the outcome.
“There’s a lot of ambiguity around what the metaverse means,” Zuckerberg acknowledgedBut his specific ideas seemed less than compelling. “You’re going to be able to have a message thread going on when you’re in the middle of a meeting or doing something else and no one else is even going to notice,” he posited.of market value of $251 billion on Feb. 3, when the company announced disappointing results for the fourth quarter of 2021.
As has been the case for the last year, the problem seems to be Zuckerberg’s inability to articulate where he’s leading his company as it undergoes transitions on multiple fronts. “Summing up how investors are feeling right now,” Brent Thill of Jefferies asked Zuckerberg, “is that there are just too many experimental bets versus proven bets.... Everyone would love to hear why you think this pays off.”
The flaw in the argument, obviously, was what might happen if the benevolent despot turned out to be not so benevolent or enlightened. That’s the question that emerges from not only Meta but other technology companies with leaders impervious to removal or even collaborative decision-making.Mark Zuckerberg’s cluelessness shows how socially dangerous Facebook has become.
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