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VR has always sorta been a hedge against missing the next platform the way many companies missed out on the smart phone or social networking - it was never obvious it was going anywhere really.


And FB would really like to own the next platform so they don't get kneecapped again by things like Apple's Do Not Track.


Maybe for Apple and the Vision Pro, but Meta wants to own and manifest the next platform into existence, wouldn't call the investments a hedge.


"Nvidia got lucky with GPU" - Intel

https://www.tomshardware.com/pc-components/gpus/intel-ceo-sa...

Maybe Meta will get lucky. Its better for company to bet on something than do nothing for years like Intel and cry about other's "luck"




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