What Zuckerberg Got Wrong With the Metaverse

Dan Newman, Principal Analyst & Founding Partner, of Futurum Research gives his hot take on what Mark Zuckerberg got wrong with the launch of the Metaverse.

Dan’s Thoughts:

Mark Zuckerberg didn’t get much right this past year. The whole meta debacle was a big failure, but not because companies don’t need to make big bets. It’s because he bet everything while not focusing on that core product. Companies like Alphabet over and over again have made investments in big audacious projects, but they never got away from the core business. Alphabet still understands its search. AWS is focused on its cloud business. That’s where its opting comes from. For meta, it went all in on this 10-year vision, and in the meantime, TikTok was taking customers away. It was losing its core audience.

It had already hurt the trust of many of its customers because of what’s gone on with, privacy, the elections, and moderation. Some of the same things are going on, with Elon Musk and overall the shedding of so many employees in such a short period of time. Staying away from doing that has created a lot of uncertainty in the long run.

For Meta and Facebook, I think he needs to get back to the core business, focus on making money, and then reinvest those dollars and ensure the company has a long-term strategy. And maybe it’s the metaverse, but it can’t be just the metaverse.

Follow us on social media for the latest updates in B2B!

Latest

AI for Creators
Harnessing AI for Creative Innovation: cutting through AI hype and misconceptions for creators
June 7, 2023

Live Broadcast 3 PM CT on 6/8   Harnessing AI for Creators: Cutting Through AI Hype and Misconceptions   Register Now   In this episode of B2B Weekly, we delve deep into the world of AI and how it is impacting creators. Gavin Purcell joins host Tim Maitland to break down the hype around AI […]

Read More
Identifying Lightning Damage on Pecan Trees
Identifying Lightning Damage on Pecan Trees: Tips from TreeNewal
June 7, 2023

Join ISA Certified Arborist Wes Rivers from TreeNewal as he examines the aftermath of lightning damage on a pecan tree. In this insightful video, Wes highlights the path taken by the lightning bolt through the tree, causing superheating of the water inside. The resulting vapor expansion creates visible damage to the tree. The tree’s survival […]

Read More
Health Plan
Transforming Coverage to Meet Healthcare Needs with SCAN Health Plan
June 7, 2023

John Petito, SVP of Transformation at SCAN Health Plan joins the podcast to share his story and how his work is helping enable new types of healthcare coverage for diverse populations. Join us to hear how Health Plans are beginning to evolve their approach to addressing the needs of older adults and the LGBTQ+ community […]

Read More