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Meta to cut up to 30% of metaverse budget, Bloomberg News reports

⁨84⁩ ⁨likes⁩

Submitted ⁨⁨4⁩ ⁨days⁩ ago⁩ by ⁨schizoidman@lemmy.zip⁩ to ⁨technology@lemmy.world⁩

https://www.channelnewsasia.com/business/meta-cut-up-30-metaverse-budget-bloomberg-news-reports-5551121

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Comments

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  • Voroxpete@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

    There’s still a metaverse budget?

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    • PumaStoleMyBluff@lemmy.world ⁨3⁩ ⁨days⁩ ago

      It’s Zuck’s biggest personal passion project.

      Bezos wanted to go to space, Gates wanted to cure malaria.

      Zuckerberg wants to be a fucking Mii.

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      • echodot@feddit.uk ⁨3⁩ ⁨days⁩ ago

        Zuckerberg just wants to build his own universe way he’s in charge of everything and everything costs money and there no taxes.

        You can bet there were picture ideas such as paying people with game money.

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    • MrNesser@lemmy.world ⁨4⁩ ⁨days⁩ ago

      Sunk cost at this point lots of large companies bought space when it was “launching”

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      • WhatAmLemmy@lemmy.world ⁨4⁩ ⁨days⁩ ago

        Imagine how much value would have been created if the several hundreds of billion spent on the shitty VR sims went to wages, or taxes or healthcare.

        But no. We should all marvel at the efficiency of the oligarchy!

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