When working on Libra, Zuckerberg was dragged to Congress and received a scolding, which made him realize his limitations; stablecoins are not something that a Silicon Valley newcomer like him can handle.
Thus, he renamed the company Meta and transformed into the metaverse, burning hundreds of billions without achieving anything.
Seeing AI gaining traction, he went all in on large models; LLaMa was decent at first, being a leader in the open-source camp, but as major companies deeply entered the fray, it gradually fell behind in fierce competition.
Zuckerberg, in a panic, started acquiring companies and changing leadership, with a typical example being the $2 billion acquisition of Manus at the end of last year.
I wonder how this latest foray into the crypto industry and the development of stablecoin payments will turn out; it feels like every time he starts early, he ends up late, reminiscent of a bit of the “Silicon Valley Baidu” vibe.
Thus, he renamed the company Meta and transformed into the metaverse, burning hundreds of billions without achieving anything.
Seeing AI gaining traction, he went all in on large models; LLaMa was decent at first, being a leader in the open-source camp, but as major companies deeply entered the fray, it gradually fell behind in fierce competition.
Zuckerberg, in a panic, started acquiring companies and changing leadership, with a typical example being the $2 billion acquisition of Manus at the end of last year.
I wonder how this latest foray into the crypto industry and the development of stablecoin payments will turn out; it feels like every time he starts early, he ends up late, reminiscent of a bit of the “Silicon Valley Baidu” vibe.