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Former President Of Nintendo Thinks Facebook’s Metaverse Will Fail

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Reggie Fils-Aimé, the former president and chief operating officer of Nintendo of America, has long been a prominent figure in the video gaming business. Fils-Aimé can always be counted on to spice things up, and as a guest at a huge event, he doesn’t disappoint. Fils-Aimé had some cutting things to say about the metaverse and notably Facebook’s take of the idea to Bloomberg’s Emily Chang during SXSW.

The former president of Nintendo of America questioned Facebook’s mission and questioned its “current concept” of the metaverse. Fils-Aimé did not mince words when he stated that Facebook “is not an innovative organization.” One of the reasons he believes the Zuckerberg-founded social media behemoth isn’t the proper firm to lead the metaverse is that he believes Facebook doesn’t actually produce. “They’ve either acquired fantastic things like Oculus and Instagram, or they’ve been quick to adopt other people’s ideas. I don’t believe their existing definition will work “, he explained.

Instead, Fils-Aimé feels that smaller companies will lead the way since they are “truly inventing,” and companies like Epic Games are doing things in a “very engaging” way.

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This year has seen major financial dealings in the games industry, as large acquisitions by businesses such as Take-Two, Microsoft, and Sony have pushed the sector toward increased concentration. Fils-Aimé, Nintendo’s former COO and president, was also lured into speaking about these actions, with Fils-Aimé believing that more such acquisitions will occur in the aftermath of Microsoft’s “great purchase” of Activision Blizzard.

The former executive also stated that the video game business has a long way to go in terms of diversification. “This is a global industry touching three billion people across the world – it’s a $200 billion business. The representation in the game and in leadership is not at all where it needs to be”, he said.

In May, Reggie Fils-Aimé will release a book titled “Disrupting the Game: From the Bronx to the Top of Nintendo,” which could be eye-opening reading because the former executive can shed light on the inner workings of Nintendo, the console business, and gaming culture in general from a unique perspective.