Zuckerberg says Meta's bets on reorganization 'haven't come to fruition'

Discussion (10 Comments)Read Original on HackerNews

root-parent•about 3 hours ago

The total of Meta AI Capex for the last five years, reaches between $313 billion and $333 billion.

As comparison NASA’s entire annual budget is roughly $24.4 billion...

bhouston•about 1 hour ago

He did the same thing with VR/Oculus/Reality Labs. Huge budget but it doesn't justify itself in terms of outcomes. Strange. Is it something in the way he/Meta manages the projects?

I think Meta has a problem that very few of its internal projects widely succeed. Facebook and Messenger being the only two. The rest of the successes were acquisitions.

Gee101•about 3 hours ago

Would be interesting to see what they can actually show for that investment. Some VR goggles and Raybans.

cyanydeez•about 2 hours ago

would be more interesting to strip them for parts and see if you could fund NASA improvements

3dda•about 3 hours ago

Im presuming This does not include R&D which should actually be classified as a capital expenditure not operating.

variety8675•about 2 hours ago

They have a similar money printer to Google, it isn't surprising they're just throwing money at anything they can to see what sticks. Almost like a modern Bell Labs

motbus3•about 3 hours ago

I wonder how he is so rich if the company never made money. I wonder who pay them

mattnewton•about 2 hours ago

Why do your think Meta doesn’t make money? Their ad platforms are incredibly lucrative.

121789•about 2 hours ago

the company makes insane amounts of money. what are you talking about?

Zuckerberg says Meta's bets on reorganization 'haven't come to fruition'

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Discussion (10 Comments)Read Original on HackerNews