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The Vergecast: Ad-Free Edition

The Verge

Of course Meta thinks gambling is the future

Jun 26, 20261h 19m
Summary

In this episode, the hosts dive into a wide-ranging discussion prompted by a recent industry festival in Cannes, which serves as a backdrop for analyzing the current state of big tech and the digital creator economy. The hosts observe that major platforms have moved beyond creative branding and are now laser-focused on data, surveillance-based targeting, and algorithmic scale. They debate the shifting nature of these platforms, specifically focusing on Meta’s internal culture and strategic pivot points. The conversation highlights the disconnect between Meta’s immense financial success as an advertising machine and its apparent internal struggle to innovate beyond its current models. The hosts explore Meta’s attempts to emulate successful features from competitors, such as YouTube’s episodic video format and interest in prediction markets, suggesting that these moves represent a desperate search for the next engagement mechanic. A key insight from the discussion is the observation that Meta remains obsessed with finding a proprietary platform of its own to escape its reliance on mobile ecosystems. Ultimately, the hosts conclude that despite its identity crises, Meta’s ruthless focus on automated, data-driven advertising continues to solidify its position as a dominant, if uncool, pillar of the modern internet.

Updated Jun 26, 2026

About This Episode

Meta's business is doing just fine. But Meta as a company, and Meta as a series of products? That is, uh, messier. David and Nilay discuss the company's ongoing desire to be relevant and cool, the unceasing importance of Instagram, and why it makes perfect sense that Facebook would clone Polymarket. After that, the hosts talk about Apple's huge price increases, and the ways in which RAMageddon might change the gadget market forever. Then it's time for Brendan Carr is a dummy, the latest on the movie Artificial, and the looming fight over AI data. Further reading: The Steam Machine is the most ambitious game console I’ve ever played  Valve prices the Steam Machine at $1,049  How much would the Steam Machine cost to build?  Valve describes just how brutal RAM negotiations are in 2026  The Steam Machine is the start of an even more expensive future for game consoles  I drove the Slate Truck — there’s more to it than EV minimalism  The Slate Auto pickup truck starts at $24,950  Meta pauses employee tracking tool after internal leak.  Now Meta will track what employees do on their computers to train its AI agents  Meta CTO Andrew Bosworth Admits the Company’s AI Reorg Was ‘Atrocious’ | WIRED Zuckerberg reportedly wants a Polymarket clone — but without real money Polymarket paid creators to post fake videos of themselves placing and winning bets.  Meta plans to release AI-powered prediction market app Facebook’s Creator Studio has been revived as an AI companion app Kaleidescape’s Strato E player blows streaming, and your wallet, away  Something’s off with Midjourney’s pivot to body scanners  People Inc. CEO says it’s “probably” headed for a confrontation with Google over AI crawling. ABC encourages viewers to back network amid FCC investigations Bob Iger’s Disney wanted Apple, Twitter, and 007  The film about Sam Altman has been dropped by Amazon MGM  Thank you for subscribing to The Verge. We love hearing from you! Email your questions and thoughts to ⁠⁠⁠vergecast@theverge.com⁠⁠⁠ or call us at 866-VERGE11. (Timestamps are approximate.) 00:00:00 Cannes Cold Open 00:06:28 Coach x Spotify Absurdity 00:08:43 Vox Media PMX Shakeup 00:13:23 Meta Chaos vs Money 00:25:01 Gambling as Engagement 00:29:14 Ramageddon Hits Gadgets 00:40:24 Slate Truck Price 00:41:11 Range And Truck Feel 00:44:19 Tech Bloat Backlash 00:46:02 BYD Versus Tesla 00:49:27 FCC Targets The View 00:56:45 Amazon Drops Artificial 01:01:17 Kaleidescape Versus Blu Ray 01:05:48 Bob Iger Merger Rumors 01:10:12 Blocking AI Crawlers 01:15:22 Wrap Up And Next Week Learn more about your ad choices. Visit podcastchoices.com/adchoices

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