Former president and COO of Nintendo of America, Reggie Fis-Aimé, questioned the “current definition” of Facebook’s vision for the metaverse, saying that “Facebook itself is not an innovative company.”
Speaking to Bloomberg’s Emily Chang during SXSW, Fis-Aimé shared his thoughts on the current state of the so-called metaverse and discussed why he doesn’t believe Facebook is currently on the right track to become a leader.
Facebook itself is not an innovative company. They either got cool stuff like Oculus and Instagram, or they quickly followed people’s ideas. I don’t think their current definition will be successful.
Instead, Fis-Aimé believes that this digital future that many aspire to will be led by “small companies that are really innovating” and companies like Epic Games that are doing “really compelling” things.
Fils-Aimé also talked about how he sees new gaming acquisitions coming after Microsoft’s “fantastic acquisition” of Activision Blizzard, and how the gaming industry still has a long way to go in terms of diversity.
It is a global industry affecting 3 billion people worldwide; it’s a $200 billion business. The representation in the game and in the manual is not at all where it should be.
Finally, he shed some light on his time on GameStop’s board of directors and shared some critiques regarding the company’s leadership and plan for the future. Fis-Aim left the board of directors in early 2021.
There was no clearly articulated strategy. Management says we don’t want to formulate our strategy because they don’t want it to be stolen. For me it was unacceptable.