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Meta Platforms is spending billions of dollars in free cash move. Will Mark’s metaverse gamble pay off?

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Meta Platforms is spending billions of dollars in free cash move.  Will Mark’s metaverse gamble pay off?

Source: news.google.com

In 1990, Apple created a new technology company to invent the future.

General Magic, as it was called, was a real dream factory.

Over the course of its 12-year existence, its founders, former Apple engineers who had helped make the original Macintosh computer a reality, developed technologies and applications that would not be in common use for several years to come. Chief among them was a precursor to the smartphone, but more than that, the General Magic team foresaw the era of mobile computing in its entirety, with social media, e-commerce, and emojis.

Unfortunately, no one bought their products, and General Magic was forced to close shop in 2002, a couple of years before anyone made friends on “TheFacebook” and five years…

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