Of the tech giants, maybe one of the most surprising one that people invested heavily into. Like their maintained success is a complete anomaly in social media, and largely dependent on them buying the next big thing. The other tech giants (maybe netflix excluded) are in businesses where it's tough to start a competitor and the user base isn't particularly fickle, they also have massive government contractors. Besides the immediate returns on investment, how did people thing facebook would have similar staying power?
Of the tech giants, maybe one of the most surprising one that people invested heavily into. Like their maintained success is a complete anomaly in social media, and largely dependent on them buying the next big thing. The other tech giants (maybe netflix excluded) are in businesses where it's tough to start a competitor and the user base isn't particularly fickle, they also have massive government contractors. Besides the immediate returns on investment, how did people thing facebook would have similar staying power?
By buying whatever's hip, which they did, with Instagram WhatsApp and now Oculus
Facebook has owned Oculus for a while though. The bought their way into a fledgling industry before it was popular in order to dominate it.