Mass layoffs and absentee bosses create a morale crisis at Meta
The Metaverse was always such a bad direction. At the time, I was really unsure about my intuition -- I figured that if Mark Zuckerberg decided it&#x27;s worth pivoting his entire company towards that goal, he surely must have <i>some data</i> to back that up. As it stands, my intuition (and everybody else&#x27;s) turned out to be right.<p>It&#x27;s been the same with crypto, for that matter. None of the reasonable people I know ever saw any grand value in crypto. Researching myself, it always just seemed to be a bullshit fractal. At the height of the crypto boom, I was beginning to doubt my conclusions and started to think that perhaps the societal nature of crypto is a force in itself. Like religion, if enough people believe in it, it becomes reality to some extent. But now we see that crypto was indeed bullshit all along.<p>Contrast that with the generative AI models revolution. It&#x27;s clear to anyone from day one how useful those models will be, and that they are providing clear value right away. It&#x27;s no wonder that all the companies are immediately pivoting towards it. Maybe Mark Zuckerberg was just unlucky to decide on a company pivot two years too early -- I&#x27;m sure that if he had to decide on a direction to pivot to today, it&#x27;d be towards generative AI.