I actually find it funny they want to be “Meta” still when I consider just how hard the Metaverse flopped
My favorite part about VR shit and Meta specifically failing is that Apple is trying now, years after all the failures, to join the VR race. They’re gonna lose billions of dollars, it’s hilarious, and reddit is still coping that it will be great and revolutionize VR (surely this time it won’t suck ass and make people feel motion sickness!). Oh also the headset is way way way overpriced. The economy’s ass is falling out and they’re trying to sell a shit motion sickness headset for $1000. Good luck, Tim Apple.
how hard the Metaverse flopped
The Metaverse is merely experiencing temporary setbacks due to the integration of new technology into existing systems.
That was my attempt at corporate speak parody.
I was curious how bad things are in the 'verse right now so I googled. I don’t know how they can spin that it’s “fucking awful” but they’re tech bros - they’ll find a way
Metaverse: What happened to Mark Zuckerberg’s next big thing? - BBC News
How unprofitable? Well, the most recent figures from Meta are eye-watering.
Reality Labs - which as the name suggests is Meta’s virtual and augmented reality branch - has lost a staggering $21 billion since last year.
Metaverse is still vaguely alive.
Thing is that metaverse isn’t marketed as just a game, it is a tool for business as well.
Businesses still want it and are trying to make cases that it is just going through growing pains and some hurdles (citing crypto crash, elephant in the room that is GenAI, and regulatory problems) but man in the public eye people see it as the obvious scam that it is with only 300k active users, and a much lower CCU count.
Unfortunately businesses make the decisions in our culture so we just have to eat the shit they shovel and they own the kitchen until a time we decide to raid the fridge.
I think changing to Meta makes some sense though, since now they own so many platforms and not just FB.
X is fucking stupid as fuck though because X is still only Twitter and I doubt that is changing. Edit: ok i guess Twitter does own other shit but it’s all stuff nobody knows about. https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Twitter
