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I agree with all the points made above as indeed diversifying their stream of income will definitely help in surviving the ever-slowing subscriber turn out.
However, I am a bit skeptical about their content in terms of gaming. As an avid gamer myself, very few games based on a movie do really well. It is usually the other way round. But again, every little bit helps I guess. Especially as most of their competitors offer other services other than just streaming e.g Prime video or Disney+. Also, the bank was not broken for this and so for €65 million, it may very well turn out to be a golden goose!January 20, 2022 at 12:26 pm in reply to: Microsoft v Facebook: Has the Metaverse truly arrived? #11121Jeremiah AmatareParticipant
I believe the Metaverse has truly arrived. Of course it will take a few more years to fully fresh out and develop. However, this will seem contrary to the view expressed by Blackrock’s CEO Larry Fink in his hugely popular annual letter where he stated that the next big investment opportunities will be within the net zero space; inventors and innovators working towards a more eco-friendly and sustainable future. Cryptocurrency and I assume, the metaverse (which I believe are intrinsically linked) are not known for their energy efficiency and as such will seem to be heading in the opposite direction.
But as Peter stated in the podcast yesterday, we can not really deny or resist the advancement of technology. I see it as the inevitability of technological advancement and the insatiable desire for humans to consistently improve on what is existing. Thus, if it isn’t Meta collecting our data, it will be another company. As India also opined, it will become increasingly difficult to live a normal life without interacting with these platforms. I think we are past the point where we can really expect to be inoculated from these vices. Though there is always the option of retreating to the mountains and living as a hermit. LOL.