Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter

• Jhex@lemmy.world ⁨1⁩ ⁨month⁩ ago

  What? there was no such thing a “bubble” around the Metaverse… (at least not the economic slang term “bubble”)

  From the first video of the Zuck presenting the idea, everyone just laugh it off… Meta did waste tons of money on it but they had the money to burn so there was no bubble at all in play here

  If I am rich and stupid, I may think a pool in the roof of my house is a great idea. I can spend the value of the house having it built and then have the house collapse on me. Since I am rich, I can just buy another house or pay to rebuild it and that’s the end… no bubble.

  However, if I am pitching plans for pools on roofs… and millions of people buy into it, many of whom can barely afford my terrible plans, when the houses start collapsing, too many people will be left with no house or means to procure another one… that’s a bubble

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  • zipzoopaboop@lemmynsfw.com ⁨1⁩ ⁨month⁩ ago

    Meta verse was a scam to extract money from nft bros and web 3.0 “game” devs

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• Ledivin@lemmy.world ⁨1⁩ ⁨month⁩ ago

  lol, what? “Bubble” doesn’t just mean something is expensive

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