Organic growth is execution and engineering, not innovation. FB in 2006 is a good design, and magically hit upon what people wanted, an easier to use private email system with a public announcement board.
Is FB 2014 fundamentally different? Is there innovation? How about FB's other acquisitions, are they innovative or just derivative? Hint: If it's in the social space, it's just derivative. FB acquires purely to secure and reinforce this one-trick pony it's on. If e-mail was run by a single company they'd buy that too.
Innovation is not in the company DNA, especially if it doesn't support the path they're on. That's why the only outcome of this is strapping an OVR to your face and getting bombarded by irrelevant ads and "join my game?" requests, but now in 3d or some other "fitting" of the acquisition into the existing and larger "social" momentum the company is on.
It's got to be connected to the core competencies of the company, otherwise it's just a conglomerate and FB has shown zero signs that this what they intend to do. All of the language of the acquisition is that they will be using this tech to reinforce what they already do.
I'm excited to announce that we've agreed to acquire Oculus VR, the leader in virtual reality technology.
Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we're in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.
And that's why people hate this acquisition, because OVR could have been so much more than just yet another vehicle for FB to push social. FB social could have been just one aspect of what OVR could have enabled, now it's the only thing.
Is FB 2014 fundamentally different? Is there innovation? How about FB's other acquisitions, are they innovative or just derivative? Hint: If it's in the social space, it's just derivative. FB acquires purely to secure and reinforce this one-trick pony it's on. If e-mail was run by a single company they'd buy that too.
Innovation is not in the company DNA, especially if it doesn't support the path they're on. That's why the only outcome of this is strapping an OVR to your face and getting bombarded by irrelevant ads and "join my game?" requests, but now in 3d or some other "fitting" of the acquisition into the existing and larger "social" momentum the company is on.