CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move.
Facebook rebranded itself to Meta in 2021.
Meta spent $10 billion on the Metaverse.
They estimate the Metaverse to be a $800 billion market in 2024.
And more estimates puts it at $3 trillion in 2031.
Come to think of it, a $10–20B bet for a $3T win is a no-brainer.
“Prior to October 2020, the term Metaverse had only appeared 5 times in SEC filings. In 2021, the term was mentioned 260 times.”
Meta is part of the The Metaverse Standards Forum which include Adobe, Epic Games, Ikea, Qualcomm, Sony, the XR Association, and SDOs The Khronos Group, World Wide Web Consortium, and Open Geospatial Consortium.
We get it.
Everyone is excited about the Metaverse.
Or is it just the big corporations?
Or is it just Meta?
The company formerly known as Facebook.
Trying a new idea and changing your entire half trillion dollar company to a new concept is quite different.
Mark Zuckerberg, the CEO of Meta, with a market cap of more than $440M, strongly believes in the Metaverse.
“Zuckerberg and other Meta leaders believe that virtual and augmented reality headsets will be the major next-generation computing platform and are willing to spend heavily on technologies that might be years out and prototypes that aren’t ready to be released, as well as a substantial staff of technical experts, in order to compete with Apple, Google, Microsoft, and other companies eying the industry.”
Meta made $117.9B in 2021 but they are prepared to allocate a huge portion to support their Metaverse vision.
Meta’s Reality Labs division reportedly has more than 17,000 employees.
They are working on all kinds of AR/VR and haptic technologies similar to the ones we see in the hit film “Ready Player One”.
Zuckerberg is convinced that the future belongs to the Metaverse and is going all in on that vision.
Because the Metaverse is at such an infancy, it is pretty accurate to say that Zuckerberg is essentially manifesting an entirely new industry with his bare hands.
This probably ruffled a few feathers.
Employees are wondering why go down this route.
Shareholders are puzzled on why Meta is bleeding cash on Metaverse research and development, while revenue suffers.
Pundits are calling out Zuckerberg for turning Facebook into his personal playground.
Is Zuckerberg riding too dangerously on a hunch?
The metaverse is still at its infancy, but large will it grow to?
Facebook had 3.6 billion users before it decided to just up and dive straight into the Metaverse.
I agree that the Metaverse is a wonderful concept that will capture our attention and imagination.
It is definitely a massive potential market for anyone who can plant the flag first.
Who knows, perhaps Zuckerberg has a bigger plan in his mind, that will only make sense if his plans are followed through all the way.
But is is a little too haphazard for the CEO of a half-trillion dollar public company to risk so much so quickly?
You be the judge.
-
Was Zuckerberg wrong in betting on the Metaverse?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #strategy #markzuckerberg #facebook #meta #metaverse #billions #realitylabs #zuckerberg #eth #btc #crypto #hackers #wallets
Zuckerberg taking a monumental bet on an emerging tech few understands is quite a bold move.
Facebook rebranded itself to Meta in 2021.
Meta spent $10 billion on the Metaverse.
They estimate the Metaverse to be a $800 billion market in 2024.
And more estimates puts it at $3 trillion in 2031.
Come to think of it, a $10–20B bet for a $3T win is a no-brainer.
“Prior to October 2020, the term Metaverse had only appeared 5 times in SEC filings. In 2021, the term was mentioned 260 times.”
Meta is part of the The Metaverse Standards Forum which include Adobe, Epic Games, Ikea, Qualcomm, Sony, the XR Association, and SDOs The Khronos Group, World Wide Web Consortium, and Open Geospatial Consortium.
We get it.
Everyone is excited about the Metaverse.
Or is it just the big corporations?
Or is it just Meta?
The company formerly known as Facebook.
Trying a new idea and changing your entire half trillion dollar company to a new concept is quite different.
Mark Zuckerberg, the CEO of Meta, with a market cap of more than $440M, strongly believes in the Metaverse.
“Zuckerberg and other Meta leaders believe that virtual and augmented reality headsets will be the major next-generation computing platform and are willing to spend heavily on technologies that might be years out and prototypes that aren’t ready to be released, as well as a substantial staff of technical experts, in order to compete with Apple, Google, Microsoft, and other companies eying the industry.”
Meta made $117.9B in 2021 but they are prepared to allocate a huge portion to support their Metaverse vision.
Meta’s Reality Labs division reportedly has more than 17,000 employees.
They are working on all kinds of AR/VR and haptic technologies similar to the ones we see in the hit film “Ready Player One”.
Zuckerberg is convinced that the future belongs to the Metaverse and is going all in on that vision.
Because the Metaverse is at such an infancy, it is pretty accurate to say that Zuckerberg is essentially manifesting an entirely new industry with his bare hands.
This probably ruffled a few feathers.
Employees are wondering why go down this route.
Shareholders are puzzled on why Meta is bleeding cash on Metaverse research and development, while revenue suffers.
Pundits are calling out Zuckerberg for turning Facebook into his personal playground.
Is Zuckerberg riding too dangerously on a hunch?
The metaverse is still at its infancy, but large will it grow to?
Facebook had 3.6 billion users before it decided to just up and dive straight into the Metaverse.
I agree that the Metaverse is a wonderful concept that will capture our attention and imagination.
It is definitely a massive potential market for anyone who can plant the flag first.
Who knows, perhaps Zuckerberg has a bigger plan in his mind, that will only make sense if his plans are followed through all the way.
But is is a little too haphazard for the CEO of a half-trillion dollar public company to risk so much so quickly?
You be the judge.
-
Was Zuckerberg wrong in betting on the Metaverse?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #strategy #markzuckerberg #facebook #meta #metaverse #billions #realitylabs #zuckerberg #eth #btc #crypto #hackers #wallets
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