Meta is quietly collapsing.
Venture capital Altimeter Capital's CEO Brad Gerstner commented:
"Meta has drifted into the land of excess — too many people, too many ideas, too little urgency … This lack of focus and fitness is obscured when growth is easy, but deadly when growth slows and technology changes."
If you check how the average employee in Meta works, you may suddenly realize how over-hyped the Meta company was.
Meta burns its cash too fast to make its products work out.
One of the most critical failures of the company is the CEO has not yet fully grasped the business environment.
The reason behind the early startup company is with low-interest environment, venture capitals have more cash to burn faster than seeking and validating business ideas.
With the higher inflation and interest rate environment, venture capitals are more conservative about their money, and if Meta continues burning cash with this rate, the company is not going to survive in the long term.
Similarly, with new technology, adoption will become slower because people spend their money more cautiously and toward their needs.
If Meta has kept its mindset the same, it will go out of business sooner than later.
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As I have been saying, the Metaverse is a couple decades out. This is nothing more than a marketing term at the moment. Until edge computing gets to the point where we can mostly eliminate latency, we will not have the Metaverse.
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Truly agree