TIL Slashdot is still around… haven’t been on that site since the early 2000s.
Meta's Reality Labs Has Now Lost Over $60 Billion Since 2020 - Slashdot
Submitted 11 months ago by karpfenkalender@feddit.org to technology@lemmy.world
Comments
libra00@lemmy.world 11 months ago
deegeese@sopuli.xyz 11 months ago
So that’s like $12B/year. At $200k/employee/year that would be 60,000 people!
How many people do they have working on VR, or is this creative accounting to bury operating expenses as capital investments?
HobbitFoot@thelemmy.club 11 months ago
Employees like this usually cost the company at least double their salary in support and benefits, so you’re probably talking about half that at most.
Along with that, there is probably a lot of R&D expenses as well.
Finally, Meta seems to be subsidizing the consumer hardware, so that’s probably hurting the bottom line even more.
qjkxbmwvz@startrek.website 11 months ago
Compensation for engineers in the Bay area will average much higher than $200k, and that’s not counting benefits (medical, etc.). So cost to the company will be way higher than 200k/employee.
For a project that has hardware, there will be large expenses associated with that — custom silicon has huge setup costs, for example.
pulido@lemmings.world 11 months ago
It’d be much easier if we can see the real data that shows how much these employees cost the company.
dhork@lemmy.world 11 months ago
Wait, Slashdot is still around?
riskable@programming.dev 11 months ago
Are there any other websites that still let you put in your AIM and ICQ numbers? Or brag about your super low user ID? 19437 BTW 🤣
dhork@lemmy.world 11 months ago
I remembered my login, my UID is in the 200,000s so I’m not as cool as you.
The place doesn’t seem to have changed at all, and that’s not n3cessarily a good thing.
Num10ck@lemmy.world 11 months ago
always has been.
Yurnero91@feddit.org 11 months ago
Sounds like good news to me. People without any moral compass and malicious intent, only existing to enrich themselves and have no regard how their actions and/or products affect millions of people and society as a whole can go f*** themselves. Wish for Zuck to lose every single penny as he is truly a POS.
SCmSTR@lemmy.blahaj.zone 11 months ago
I’m not really sure if that’s a lot of money nowadays
WhatAmLemmy@lemmy.world 11 months ago
It’s only like 1/4th-1/10th Zucks wealth. When you’re a billionaire the rules are made up and the points don’t matter. They’ll be fine.
SCmSTR@lemmy.blahaj.zone 11 months ago
Oh don’t worry, we’re all keeping score. But past a certain point, I suppose they don’t matter anymore.
cygnus@lemmy.ca 11 months ago
I don’t understand how that’s even possible when they have so little to show for it. I like to imagine it’s full of maliciously-compliant people trying to bleed Meta dry from the inside.
dual_sport_dork@lemmy.world 11 months ago
Just for one example, it’s well known that they sell their hardware at a steep loss just to try to entice people to get locked in to their ecosystem. Meta’s plan is to get VR devices into people’s homes and then figure out how to spy on them to make money off of it afterwards, and in the bargain use the piles and piles of cash they make from Facebook to squeeze out any competitors and become the defacto monopoly in the VR market.
For this blatantly obvious reason I always recommend that nobody buy a Meta/Facebook VR device, ever, for any reason, no matter how “cheap” it is.
Let Zuck Zuck continue to lose money on it until he either goes broke or gives up. This is a rare case where deliberately not buying a product from the dominant player in the market can literally help the entire scene as a whole.
Valmond@lemmy.world 11 months ago
Except if you can root it ofc.
fluxion@lemmy.world 11 months ago
Send the bill to Zuck
lobut@lemmy.ca 11 months ago
That’s like one and a half Twitters?