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in reply to davel

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.
in reply to davel

Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao
in reply to NewOldGuard

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
in reply to Scrubbles

they don't learn either cause they dove head first into AI right after.
in reply to NewOldGuard

well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal
in reply to davel

They lose $80B and are still in business? That’s insane.
in reply to Mongostein

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.
in reply to Mongostein

Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
in reply to Thunderbird4

Which is why they do it. Stock markets don't like idle money. For all they wasted here they made it back anyway. They'll do it again with some other bullshit too.
in reply to davel

Hilarious that this company is now named after a failed product. It would be like if Ford changed it's name to Pinto.
in reply to davel

But I thought the whole line was β€œhOrIzOn WoRlDs iSnt the MeTaVeRsE.”

Followed by no explanation of what the metaverse is.

in reply to ch00f

Finally it can be explained: 1) Dig a ditch, 2) Dump in $80B, 3) Light it on fire.
in reply to davel

You didn't slap the acronym AI anywhere on that, you'd only be able to burn 10B through your method.
in reply to Whostosay

1a) Buy $80B in crypto.
1b) Sell the crypto for $50B.
in reply to Whostosay

Of course by jacking up the energy and water prices, Watson!
in reply to davel

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 β€œgame” experience that was like…jumping on tiles or some shit.

in reply to davel

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.

This entry was edited (1 week ago)
in reply to RedGreenBlue

That's a very good question. How do you spend $80billion?

Zuckerberg makes Brewster look like an amateur.

in reply to wewbull

Those are still rookie numbers. Pete Hegseth just spent more than that on ribeye steaks and lobster tails.
in reply to AckPhttt

Well... Except he didn't did he. Defence department spending has a bunch of black holes to funnel money into.
in reply to wewbull

Tax write offs. There's no way they spent 80 billion, but they'll claim 80 billion in tax deductions for the "loss"
in reply to RedGreenBlue

Yes. And lawyers. And hardware manufacturing. And energy to run servers.
in reply to davel

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 β€œmetaverse” but ig zuck ego wouldn’t allow that
in reply to davel

16k souls about to lay for his continued mistakes independent.co.uk/news/world/a…
in reply to (des)mosthenes

There really should be consequences for top leadership when even 1% of the company has to go.
I'm a businessperson. When you lay off a bunch of people it's not because you suddenly discovered smarter ways to work in your industry.

95% of the time, It's because you planned poorly.
5% of the time, events that could not have been planned for derail things.

If the workers have to suffer consequences for the organization to survive, fine. Take out the leadership who sent the company down the tubes with their orders in the first place.

in reply to TwilitSky

but unfortunately mark has complete control and his board has no power
in reply to davel

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.

in reply to neukenindekeuken

The world is okay, it's billionaires and stupidity that's the problem
in reply to neukenindekeuken

Yes, but have you considered that you can simply buy a house on the Metaverse?
in reply to davel

remember 6 years ago when everyone was saying 'learn to code'?

now what?

in reply to sakuraba

Back to physical hardware, installation, troubleshooting. Been doing that as my focus for years. I'm so busy I turn down work.
in reply to titanicx

yeah looks like this is the way now, people are not buying new hardware
in reply to davel

Are they going to rebrand to Slop now to follow the latest trend?
in reply to davel

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.

in reply to davel

We have had Meta headsets for a couple years. Still don’t know what the β€œmetaverse” is. The headsets are fun, though.
in reply to davel

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
in reply to SavageCoconut

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.
in reply to davel

Slop ai header image to talk about the slop company. Ai use is so embarrassing
in reply to davel

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

in reply to eestileib

I think its hilarious they are called meta. they will never be able to get away from their shame.
in reply to davel

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.
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