Twitter's takeover defense, Meta's AR project with The Verge's Alex Heath + Wordcab CEO | E1436

TL;DR

Facebook is planning to release AR glasses called Nazare in three generations starting from 2024, while Twitter is considering implementing a "poison pill" strategy to counter Elon Musk's takeover bid.

Transcript

hey everybody we have another friday variety show for you today a lot is going on first up we have the verge's alex heath to join us talking about two big stories that he recently broke we talk about facebook's ar glasses plans and their war with apple the whole ar glasses situation is getting real personal we also covered twitter's internal reacti... Read More

Key Insights

• 😎 Facebook's AR glasses, Nazare, will be introduced in three generations starting in 2024, with the first version having limited sales and high costs.
• 💀 Twitter is considering implementing a "poison pill" strategy to counter Elon Musk's takeover bid, which aims to flood the market with shares if any single shareholder acquires more than 15% of the company's stock.
• 😎 Facebook and Apple are seen as the main competitors in the AR glasses space, with Apple rumored to be releasing its own high-end mixed reality headset.
• 😎 Meta's investment in AR glasses reflects their belief in the future potential of the technology, despite acknowledging that the road to widespread adoption may be long.

Questions & Answers

Q: What are Facebook's plans for AR glasses?

Facebook is planning to release AR glasses called Nazare in three generations starting from 2024. The glasses will be lightweight and have holographic displays to augment reality, with the first version having limited sales and high costs.

Q: How is Twitter responding to Elon Musk's takeover bid?

Twitter is considering implementing a "poison pill" strategy, which would flood the market with shares and decrease the overall price if Elon Musk or any other shareholder acquires more than 15% of the company's stock. This strategy aims to deter potential acquirers and shows Twitter's resistance to the takeover bid.

Q: What are the potential implications of Facebook's AR glasses for the tech industry?

Facebook's AR glasses have the potential to revolutionize the way people interact with technology. It could open up new possibilities for communication, gaming, and productivity. However, the high costs and limited sales of the initial version indicate that widespread adoption of AR glasses may still be a long way off.

Q: How might Twitter's "poison pill" strategy affect its future prospects?

The "poison pill" strategy aims to protect Twitter from a hostile takeover and maintain its independence. However, it could also deter potential acquirers and limit the company's options for partnerships or mergers. The strategy may spark legal and financial battles as shareholders could challenge its implementation.

Summary & Key Takeaways

• Facebook's AR glasses, Nazare, are expected to be released in 2024 and will be a lightweight everyday device with holographic displays to augment reality. The first version will have limited sales and high costs, indicating Facebook's cautious approach to the technology.

• Twitter is internally reacting to Elon Musk's takeover bid and considering the implementation of a "poison pill" strategy. This strategy would flood the market with shares and decrease the overall price if any single shareholder acquires more than 15% of Twitter's stock, making it less attractive for potential acquirers.