Oculus founder Palmer Luckey made a significant investment in Meta after the company rebranded from Facebook in 2021, despite previous skepticism about the metaverse concept. He invested all his liquid cash in the company's stock, indicating a belief in Meta's potential, even as the technology landscape shifted towards generative AI and chatbots. Luckey remains cautious about declaring the metaverse dead and points out that corporate priorities may differ from public narratives, particularly concerning Meta's future directions under CEO Mark Zuckerberg's plans for investments in AI and virtual reality.
"The day that Meta changed their name from Facebook to Meta, I did take literally all of my liquid cash and use it to buy Meta shares."
"There's been a lot more talk of AI, but that's what you have to do when you're a publicly traded company, and investors are comparing you with your peers."
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