Josh Brown on Zuck's blunder (video)

"Facebook made a strategic mistake changing its name to Meta" aired Thursday on CNBC.

Cue the YouTube:

Later in the episode Brown invokes Steve Jobs as one of those rare entrepreneurs who managed to build a second business from scratch.

My take: Brown asks a good question about Mark Zuckerberg...

Can he catch lighting in a bottle a second time?

11 Comments

  1. Robert Paul Leitao said:
    If one is going to change the name of a well-known enterprise while mentioning a new long-term direction and eventual destination, it would be best to at least provide to shareholders and the Street the location of where the enterprise is headed. A more fitting name than Meta at this time is Nebula. In my view, creating a new and ambitious venture would have its best start as a well-defined division of the larger enterprise. To reduce confusion and before changing the name of the parent company, at least determine where exactly the division is headed in terms of investment, timeline, destination and planned outcome. The metaverse isn’t a celestial body in the sky. Right now it’s a vaporous cloud that’s “somewhere out there.”

    12
    February 4, 2022
    • David Drinkwater said:
      We’re all bound for Vaporland.

      (With apologies to the KLF.)

      2
      February 4, 2022
    • David Emery said:
      Isn’t a nebula the result from an exploding star? 🙂 🙂

      4
      February 4, 2022
      • Robert Paul Leitao said:
        @David Sometimes but not always. Please read Meta’s latest results. I’d be interested in your answer to that question.

        0
        February 4, 2022
        • David Emery said:
          I was speaking of the astronomy terms.

          But the metaphor might well hold. “Examples of the latter case are planetary nebulae formed from material shed by a star in late stages of its stellar evolution.” (from Wikipedia’s page on ‘nebula’.) If Meta is exploding, you’d expect a lot of stardust to be dispersed before entropy takes over 🙂 🙂 What is very clear is that Meta/Facebook is a -1 trick pony- from a business perspective, and that trick is selling advertising. Google may make most of its money from advertising, but has a much more diverse business portfolio including R&D.

          0
          February 6, 2022
    • Kirk DeBernardi said:
      “If you build it, they will come” stands a chance of working if you know what you’re going to build.

      1
      February 5, 2022
  2. Romeo A Esparrago Jr said:
    MZ & Meta mighty pale lookin’.
    But not enough makeup in the world to fix?

    5
    February 4, 2022
  3. Aaron Belich said:
    Nebula is my go to for watching Rene Ritchie and other’s content.

    2
    February 5, 2022
  4. Darren DMW said:
    Josh Brown is always great. Most talking heads on tv aren’t worth the time, but I am happy to hit play when Josh speaks.

    2
    February 5, 2022

Leave a Reply