Equity Crawling toward the metaverse
Feb 9, 2022
The hosts dive deep into the metaverse, questioning whether it will lean more towards work or play. They analyze Facebook's work-focused approach versus Microsoft's gaming-centric strategy, weighing their impacts on the digital landscape. Skepticism about virtual reality's effectiveness in workplaces is discussed, alongside significant investments by both companies. The conversation also touches on how startups can navigate this evolving space, emphasizing the fusion of work and leisure in virtual environments and the challenges of consumer understanding.
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Metaverse Definition
- The metaverse isn't inherently decentralized or solely social, but a new digital space.
- It uses avatars and mimics game mechanics, but may not focus on game-style outcomes.
Facebook's Stock Drop
- Facebook's core business, despite controversies, consistently grew until recently.
- Declining DAUs and investment in the less-profitable Reality Labs caused a stock drop.
Facebook's Metaverse Gamble
- Facebook's heavy reliance on the metaverse's success may hinder innovation.
- Their approach might become predictable, prioritizing monetization over meeting consumer needs.