Jason Moser

While there are some interesting implications of AR and VR, this metaverse concept just hasn't really developed as he would have hoped.

Now, it's not to say that it won't in the future.

Maybe it will.

Maybe it'll be well after we're gone, guys.

I don't know.

But this made me think about Google or Alphabet from the perspective of their Other Bets segment.

And when you look at Other Bets, yeah, Other Bets, that segment loses a lot of money, too.

But if you just look over the last two years, its losses are a quarter.

of what Reality Labs' losses are.

It's diversified losses, too.

That was going to be my next point.

Exactly.

It includes businesses like Calico, which is biotechnology, G Fiber.

You've got Verily in health sciences.

You've got Waymo.

You've got Wing, which is drone delivery.

They've got their X.

which don't mistake that for the old Twitter, X is Alphabet's moonshot factory, which is that research and development facility.

So, to your point there, yeah, that's a very well-diversified other bets business.

And I think the market has always given it a lot of credit for that.