I'm shocked people are taking "Meta" at face value.
To me it's a way to signal to outsiders that Facebook is still cool and hip. That's it.
Now when recruiting they can play the Meta-not-Facebook angle.
Now if they can pad earnings calls with the amazing success the metaverse is seeing (so what if it's losing us money, that's the future!)
-
It's like an inverse Alphabet. Where Alphabet silently serves as an umbrella for moonshots, Meta is a moonshot that's an umbrella for boring old Facebook
To me it's a way to signal to outsiders that Facebook is still cool and hip. That's it.
Now when recruiting they can play the Meta-not-Facebook angle.
Now if they can pad earnings calls with the amazing success the metaverse is seeing (so what if it's losing us money, that's the future!)
-
It's like an inverse Alphabet. Where Alphabet silently serves as an umbrella for moonshots, Meta is a moonshot that's an umbrella for boring old Facebook