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Why did the metaverse die? Because Silicon Valley doesn’t understand the concept of fun
(www.fastcompany.com)
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It's very difficult to just burst into the mainstream without carving out a niche first, and Meta's Metaverse failed because they couldn't carve out that niche.
Though even if they had tried, the very tech nerds who would be their early adopters already don't trust them because of their shady deals (did anybody say Cambridge Analytica scandel?), so they weren't ever going to fork out money for this.
Not just their business practices, but also just the oculus purchase.
I already had an oculus. I was told (via press release) that I wouldn't have any issues with not having a Facebook account...only for them to turn around a little while later and require a Facebook login.