JoeWrote • 111 implied HN points • 25 Mar 26
- The Metaverse was a massive commercial failure that cost Meta and many investors billions and left virtual platforms largely unused.
- Extreme wealth often reflects being in the right place at the right time and having access to capital, not necessarily superior intelligence or merit.
- Tech hype and follow-the-leader investing funnel huge sums into overpromised ideas, and those bets often misunderstand basic human behavior so they fail to deliver the promised value.