Some believe Meta will fall victim to a phenomenon known as the innovator's dilemma. 9News
The emergence of mobile technology was a "near-death experience" for Facebook, Levy said, and that experience had shaped Zuckerberg's metaverse strategy."He doesn't want to be a victim of the innovator's dilemma ... so he gets obsessed with virtual reality."Eight years later, the jury is still out on the metaverse."He makes this giant bet ... thinking this is the only way he could save Facebook," Levy said.
David Katz, chief investment officer at Matrix Asset Advisors, told 9news.com.au Zuckerberg had been "tone deaf" while pouring billions and vast resources into Reality Labs' work on the metaverse. "One of the reasons that the market has been so frustrated with is that the company has basically let costs run wild."
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