"The Riff" with Byrne Hobart and Erik Torenberg cover image

E45: Efficient Market Hypothesis, Missing Billionaires, and Digital Currencies

"The Riff" with Byrne Hobart and Erik Torenberg

NOTE

Don't Bet Against Visionaries

Meta's significant investment in unmonetized reels on Instagram and Facebook challenged their quality rankings initially but ultimately transitioned into a beneficial strategy, reflecting their adaptability. Despite skepticism about the Metaverse, it's unwise to underestimate Mark Zuckerberg's capacity for innovation and urgency, driven by past lessons in mobile technology. Zuckerberg's early recognition of mobile's potential indicates a history of foresight, allowing Meta to leverage their size and profitability to pivot effectively towards new trends and technologies.

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