Hilarious that this company is now named after a failed product. It would be like if Ford changed it's name to Pinto.
Haha. I will remember that.
Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao
This should be taught in MBA and finance classes for how Bros get caught up in a hype cycle and how it's all bullshit
they don't learn either cause they dove head first into AI right after.
well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal
motherfuckers could probably have ended hunger in their country for that kind of money.
that's how much of a piece of shit this pedophile nazi is.
I think that would end all poverty in the entire world
They lose $80B and are still in business? That’s insane.
Gotta pad that balance sheet with losses. Can't be paying taxes if you can write off speculative ventures that just might ~~pay off~~ fund other misadventures.
They could have cured homelessness 4x over. But instead we got crappy little Zuck-like avatars and an ecosystem nobody ever asked for or wanted.
Fuck this world man.
The world is okay, it's billionaires and stupidity that's the problem
For everyone who never tried it, they had honest to god paid employees in Horizon Worlds to help players get oriented. I cannot imagine a worse job.
The one I ran into was standing in front of some “game” experience that was like…jumping on tiles or some shit.
Not only was the entire project thing a completely repulsive, uncanny mess, but also they could’ve just bought roblox for half that amount which is effectively the closest thing to a “metaverse” but ig zuck ego wouldn’t allow that
Buying real estate in the Metaverse used to be compared to buying land on the moon. But Zuck can't turn off the moon, so it's arguably a better investment.
Wankers. Shut the whole company down
I tried to tell him.
He could have paid you $40B for that advice and still be better off.
But I thought the whole line was “hOrIzOn WoRlDs iSnt the MeTaVeRsE.”
Followed by no explanation of what the metaverse is.
Finally it can be explained: 1) Dig a ditch, 2) Dump in $80B, 3) Light it on fire.
You didn't slap the acronym AI anywhere on that, you'd only be able to burn 10B through your method.
1a) Buy $80B in crypto.
1b) Sell the crypto for $50B.
Wait. But how will we starve the browns?
Of course by jacking up the energy and water prices, Watson!
remember 6 years ago when everyone was saying 'learn to code'?
now what?
Back to physical hardware, installation, troubleshooting. Been doing that as my focus for years. I'm so busy I turn down work.
yeah looks like this is the way now, people are not buying new hardware
Go to a trade school
16k souls about to lay for his continued mistakes https://www.independent.co.uk/news/world/americas/meta-job-layoffs-artificial-intelligence-b2938715.html
ahh the schadenfreude... 😈
Remember when everyone made fun of Second Life? Now the people who made it don't need to feel embarrassed anymore because at least they weren't involved in Metaverse. If you were involved with both, there's no salvation left.
ohh bless their hearts.
i love this for them.
It doesn't matter now. All those idiots who wrote books about how good the mataverse was, how it was going to change our lives, how we will be able to talk to costumer support in a virtual office from our house… all those people who wrote about it did the leap to talk about AI and now are writing about how good AI is… goshhhh
can't wait for current AI hype bubble to burst. Not neccesarily have AI stop being relevant, just have it stop being forced into everything.
Where did the money go? Programmer salaries?
That's a very good question. How do you spend $80billion?
Zuckerberg makes Brewster look like an amateur.
Tax write offs. There's no way they spent 80 billion, but they'll claim 80 billion in tax deductions for the "loss"
Yes. And lawyers. And hardware manufacturing. And energy to run servers.
The Metaverse cycle:
10 Some article remind me it exist;
20 I shrug and continue not to care about the Metaverse;
30 I forget about the existance of the Metaverse;
40 Some amount of time passes;
50 GOTO 10.
I think it's hilarious that the entire press and Meta are both like "ope, people don't want to hang out in VR".
furries continue to hang out in VR chat
Darn shame, poor Zuck
One more reason for centralized planning.
Slop ai header image to talk about the slop company. Ai use is so embarrassing
Are they going to rebrand to Slop now to follow the latest trend?
We have had Meta headsets for a couple years. Still don’t know what the “metaverse” is. The headsets are fun, though.
Did anyone even think about this once while not reading news stories about it?
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed