Mark Zuckerberg's metaverse vision has cost his company upwards of fifteen billion dollars, cratering value and triggering mass company layoffs in just about a year. It's a high price tag when the Facebook creator doesn't have much to show for it, both in technology and public interest.
It seems that every time he excitedly explains what his currently-legless metaverse will one day hold, he's met with crickets at the town square. Everyone asks themselves the same question: who could this possibly be for other than Zucko?
The swashzuckling CEO is either convinced that the public wants and needs his metaverse just as much as he does, or is just convicted to the belief that one day people will finally get it. He bet his company on this thing and needs the public to engage to stay financially viable long term.
Points for conviction. According to Vanity Fair, the founder unfortunately is, because he is surrounded by a group of yes men. That may not bode well for the company.
The problem now is that Mark has surrounded himself with sycophants, and for some reason he's fallen for their vision of the future, which no one else is interested in. Someone would have been able to reason with Mark about the company's direction in the past.
The revelation that he's limited his close circle to people who only agree with him isn't that shocking, given that some Meta employees have taken to marking metaverse documents with the label "MMA", "Make Mark Happy" He wants the metaverse, he wants it bad, and he has put a lot of money into his dream.
According to Vanity Fair, current and former metamates have written things like "the metaverse will be our slow death" and "Mark Zuckerberg will single-handedly kill a company with the metaverse"
You might not have to confront that potential for failure if you keep a close circle of people who agree with you. It's not for a while.
The truth is that every single person on the planet has been impacted by something created by the man. People can't say that. While it can be argued that the thing he built has created some avenues for connection, it also seems to have led to his own isolation in life and at work.
He's marketed his metaverse to the point that it's become more disconnected than ever.
Mark has been surrounded by sycophants and his big bet on the metaverse is backfiring.
A stock analyst on TV recommended Facebook stock.