Date: 2022-10-28 12:16 pm (UTC)
ninetydegrees: Art & Text: heart with aroace colors, "you are loved" (Default)
From: [personal profile] ninetydegrees
Well I wonder if the amount mentioned is for AI, VR and augmented reality or strictly VR (and which aspect of it then? The assets and apps?). And whether this includes the amount spent on acquiring tech companies as well.

Date: 2022-10-29 06:28 pm (UTC)
fub: One of the Azumanga Daioh girls looking into the camera (azumanga)
From: [personal profile] fub
It's surprisingly easy to build up very, very large departments to do Strategic Stuff. And then nobody really knows what to do because of a lack of vision and direction, and before you know it, you piss all that money away without having anything to show for it.

Date: 2022-10-30 05:42 pm (UTC)
armiphlage: Ukraine (Default)
From: [personal profile] armiphlage
If the total average cost to hire a person (office space, salary, benefits, HR overhead) is $150,000, that means they have 100,000 people sitting around making no useful product. That's more people than 3M has!

Date: 2022-11-03 11:36 am (UTC)
fub: A slotmachine with three reels, that ends up on 'F U B' (slotmachine)
From: [personal profile] fub
Good point -- it is a mindblowing amount of money. Though I can't say I'm opposed to Facebook eating itself in this way and then quietly imploding.

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