My guess is it will help with some people, but it might also be different for some people. We’ve had this conversation for several months now since I’ve signaled that I wanted us to become a metaverse company and be seen in this way. And I’d say, overall, the sentiment is definitely positive internally about it. I had been an early adviser to Zuckerberg–Zuck, to many colleagues and friends–and an early investor in Facebook. My early meetings with Zuck almost always occurred in his office, generally just the two of us, so I had an incomplete picture of the man, but he was always straight with me.
But this time, the government has seen the trick, and they may not let it happen. These tech companies are a step ahead of Washington, D.C., maybe two or three, but the blueprint in many cases is now obvious, they all want to become monopolies. Some administrations are concerned with and others are not, which is why Zuckerberg got so close to Trump, he wanted the government hands-off. Coincidentally, Zuckerberg used similar verbiage before Congress during Facebook’s hearing regarding their alleged interference in the 2016 election.
He spent $1 billion of Facebook’s stock and cash to acquire it—without asking anyone else’s permission or advice. Wirehog evolved into one of Facebook’s first apps, but it never amounted to much. At the end of that summer, Facebook raised its first real outside capital, and Zuckerberg’s focus returned. Focus became so central to Facebook’s ethos that in the company’s old office, the word was stenciled over a urinal in the bathroom. Zuckerberg, notoriously frugal in his own spending, actively disdained Facebook’s early business efforts, insisting that ads on the service meet his exacting specifications. Advertising might have been helping to fund Facebook’s growth, but advertising wasn’t cool.
I guess what I could say is I’m very excited about the next chapter of what we’re doing. I wouldn’t look at this as part of a plan to move in that direction. I know that people will kind of ascribe a lot of different reasons, and obviously there’s different pros and cons of doing different things. I wasn’t gonna let us do this if I didn’t feel really strongly about the thing that we were anchoring our brand on and how we were going to move forward. Zuckerberg knows that the timing of this rebrand is suspect.
The question is how Facebook will make money from it and what will be its business model. Read more about buy Instagram Followers here. Facebook makes only around 2% of revenue from its non-advertising business. One of the main parts of it is revenue from selling hardware. However, Facebook probably does not make any profit from it, and the question is if it will ever do.
They were concerned about revenue growth and user growth. So when Zuckerberg tells weird lies about all this in front of the U.S. Senate—when he claims that 94 percent of hate speech was scrubbed from the site before anyone ever saw it, for instance, despite internal metrics that show only 5 percent was removed at all—it is because he believes he can get away with it. It’s a terrible thing to say about someone, but Mark Zuckerberg really is Facebook. It seems important to mention that Facebook is not just a bad website, but a company that has shown itself willing to do the wrong thing whenever and wherever given a choice.