> Then this money needs to be spent on doing a lot of unrelated inefficient discovery work wasting huge amount of money so they have a chance of finding next gold vein before shifting sands of economy and human development burry the original one.
They could also return the money to shareholders and let the shareholders invest it into startups and companies that need investment to make money. These are usually much better bets than the old company re-inventing itself.
A company is not an end in itself, it is a temporary assembly of humans to explore a gold vein. Trying to make it eternal serves the CEO, but not the shareholders.
Instead of facebook trying to create the next facebook, it should return money to shareholders and let them buy into whatever is the next big thing.
They could also return the money to shareholders and let the shareholders invest it into startups and companies that need investment to make money. These are usually much better bets than the old company re-inventing itself.
A company is not an end in itself, it is a temporary assembly of humans to explore a gold vein. Trying to make it eternal serves the CEO, but not the shareholders.
Instead of facebook trying to create the next facebook, it should return money to shareholders and let them buy into whatever is the next big thing.