What is the goal of quest? Is it to get mau? Is it sales and marketing for eng (come work at _, where we have fun projects like these Glasses - sounds familiar), is it to develop and flex hardware muscles? Is it to make sure Meta is competitive if/when there is a paradigm shift away from mobile?
I think Mark is thrilled to have a hardware product that they can deploy their ML models to. Was that intentional? Obviously no, but at some point they're paying for optionality.
They want the option to build a million hardware units in a year, they want the option to build a competitor to Apple's next hardware device (frankly, in the counterfactual that AVP took off, Meta was extremely well-positioned)
Meta is a money-printing machine, and so they have choices: invest in moonshot hardware (or ai) projects, stock buybacks/dividends
They have a huge dividend. What do you want them to do? More stock buybacks? Make less money?
I think Mark is thrilled to have a hardware product that they can deploy their ML models to. Was that intentional? Obviously no, but at some point they're paying for optionality.
They want the option to build a million hardware units in a year, they want the option to build a competitor to Apple's next hardware device (frankly, in the counterfactual that AVP took off, Meta was extremely well-positioned)
Meta is a money-printing machine, and so they have choices: invest in moonshot hardware (or ai) projects, stock buybacks/dividends
They have a huge dividend. What do you want them to do? More stock buybacks? Make less money?