this post was submitted on 25 Apr 2024
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Technology
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I'm surprised they made 440m. However, investing in r+d is not unusual. This amount is not a huge investment for them based in overall revenue.
Yeah. Come back in 10-15 years when half the world is using it or a successive product and people will be posting articles like these laughing at them like they do with the ones saying the internet or cell phones will never catch on and surprisingly no one will open up and admit they were the ones denying it would come. Meta has the money, they don't care how much they spend, as long as they can get in and corner the market early they will make it back many times over in the years to come... assuming climate change or nukes don't make it impossible of course.