alt Hacker NewsAstonishingly. I just find it funny that one person can be responsible for wasting hundreds of millions of dollars and still keep their job.
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Easy: be responsible at the same time for tens of billions in upside.
Post VR it is not like investors don’t know what this is. Meta bets and bets big.
I hate the guy personally, but still understand that at that scale, if the leader is so conservative that s/he never risks losing, they are already losing. Like airline manufacturers never investing in jets because early ones weren't safe.
MSFT's bumbling idiot Ballmer Threw away at least a billion on one of the failed early versions of the Surface, but it went on to be profitable (or at least successful with customers) later. They also burned billion(s) acquiring skype, only to switch to Teams. Say what you want about their terrible products, but somehow they are still successful businesses.
Because he made many more billions... Not sure why this is difficult to understand though. It's a simple subtraction.