Facebook's revenue and the $50 billion they burned on VR

Facebook's revenue and the $50 billion they burned on VR

HomeSVIC PodcastFacebook's revenue and the $50 billion they burned on VR
Facebook's revenue and the $50 billion they burned on VR
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Don't miss our latest bonus episode on OpenAI's Financials, AI Research, AI Researcher Simps For China: https://www.youtube.com/watch?v=KBZVgRakG5U&t=0s

Show hosts Joe (Eng VP) and Jordan (M&A Deal Lead) worked at several companies including Google, Apple, Facebook, Microsoft, Salesforce, Slack, Carta, Splunk, Wealthfront, Adobe and more.

Chapters:
00:00 Facebook Shares
01:20 Zuck is optimistic about the advertising impact of AI
02:45 JMT Comment: MS OpenAI War
03:24 FB's history of using AI
05:20 FB's VR bet… Meh
05:50 FB capital expenditure
06:00 Mark resumes business
09:54 FB's virtual reality nightmares – $50 billion loss
14:30 Maj Comment: VR Sunkcost
5:30 PM VR Mismanagement
10:30 PM First Zuck avatar
25:40 Foxconn's new robot
27:20 VR culture issues
28:20 Compare VR/AR devices Level of cringe

#facebook #fri #investing

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