Lol at all the companies who got rugpulled again because they trusted Zuck’s promises. Get rekt bozos.
Meta has discontinued its metaverse for work, too
Submitted 1 month ago by JensSpahnpasta@feddit.org to technology@lemmy.world
https://www.theverge.com/tech/863209/meta-has-discontinued-its-metaverse-for-work-too
Comments
db0@lemmy.dbzer0.com 1 month ago
WanderWisley@lemmy.world 1 month ago
Over $100 billion down the toilet and zuck is still one of the richest people in the world wtf?
Gonzako@lemmy.world 1 month ago
The US economy has devolved from an economy where you gain money by making and selling things to an economy where investing in the stock market and then taking out loans on that stock to keep investing is a better way to keep making money. When was the last time someone rich became poor?
hector@lemmy.today 1 month ago
That is one of the ways they avoid taxes. They take out loans to pay old loans and to spend on the value of their investments at good rates, and since they never realize income they never pay taxes. I think interest is even tax deductible to a degree.
Bezos in 2020, a year his wealth multiplied obscenely, paid 600 dollars. Less than we did.
As per a couple of propublica articles they published around 2021.
Balldowern@lemmy.zip 1 month ago
Trillion is the new Billion.
hector@lemmy.today 1 month ago
100 billion must be in lost market capitalization, not real money, just like tesla is theoretically worth a trillion dollars, no one could recognize that money.
jj4211@lemmy.world 1 month ago
100 billion is a touch higher than I’ve read elsewhere, but evidently they actually spent $77 billion ‘real’ dollars:
Rooster326@programming.dev 1 month ago
Bruh they definitely spent real money on developers and marketing.
markz@suppo.fi 1 month ago
He can afford to do it again and then again again. I guess the idea is to keep gambling in hopes of becoming the dominant comany in a massive industry.
RIotingPacifist@lemmy.world 1 month ago
I guess the idea just didn’t have legs!
Herr_S_aus_H@lemmy.zip 1 month ago
Passerby6497@lemmy.world 1 month ago
If they can burn a billion dollars on shit everyone else knew was a failure from day 1, they can pay a fucking reasonable tax rate
monad@anarchist.nexus 1 month ago
Great News!
clutchtwopointzero@lemmy.world 1 month ago
The whole concept was dead on arrival. Second Life never took off and it was perplexing to see that Meta thought it could make it work.
JensSpahnpasta@feddit.org 1 month ago
I mean - it kind of does work. There are millions of people socializing in online games. Playing World of Warcraft with their friends or people they met there. Building crazy things on a Minecraft server while forming friendships. Playing on that Counterstrike Server for decades with the same people. Forming that guild or that clan in an MMORPG. There is something that does work. Not sure why Zuckerberg wanted VR to be part of that and that Facebook touch of poo is also not helping, but trying to build “World of Warcraft for your aunt” is not the worst idea.
kalleboo@lemmy.world 1 month ago
What happened to Second Life anyway? All the gooners are on VRChat now and they seem to be doing fine
SlurpingPus@lemmy.world 1 month ago
Second Life never took off
“In 2013, it had approximately one million regular users.”
‘Second Life’ has been chugging along for twenty-two years, with an actual in-game economy and a GDP of 500 million bucks. But clutchtwopointzero here thinks it ‘never took off’.
klymilark@herbicide.fallcounty.omg.lol 1 month ago
I mean, SL took off enough that it’s still here. A lot of F2P MMOs from around then aren’t really around anymore at all, I can only think of 2 others.
It may not be one of the big MMOs, but an estimated 600k MAU isn’t anything to sneeze at either.
artyom@piefed.social 1 month ago
Yeah, but I mean there’s “you shouldn’t use this because Meta is bad” and then there’s “no one wants to use this because it is, on a fundamental level, an incredibly stupid idea and I can’t believe anyone thought this would ever catch on.”
hector@lemmy.today 1 month ago
Facebook itself sucks now. It is not a feed of your contacts’ posts, it’s all groups, I have no control over that feed, unless I look up each friend individually I only get to see what they choose to show me, which is maybe one every 10 listings on the feed. It’s super glitchy, especially from my phone, posts just disappear with no trace, I am unable to use it in a dozen ways that they never bothered to fix. It’s getting worse as well. Total garbage.
And they are losing critical mass, as they suck more people leave, it’s mostly the older people that are still using it all the time that I’ve seen. We need a fediverse alternative, hopefully where it can interact with other forums on the fediverse like lemmy and mastadon.
db2@lemmy.world 1 month ago
The Aristocrats!
Mwa@thelemmy.club 1 month ago
i just hate how the cheapest vrs are only from META
RVGamer06@sh.itjust.works 5 weeks ago
And he only concurrent to the Quest 3 is the PICO, which is owned by Bytedance.
Choose your poison.
hector@lemmy.today 1 month ago
The only reason I log in now is marketplace. Which I need.
commander@lemmy.world 1 month ago
Go Valve go. Screw Facebook/Meta, Google, Apple. I want the future of VR to be standard desktop Linux centric. The iOS/Android state of mobile is annoyingly restrictive compared to even Windows let alone desktop/server Linux
QuandaleDingle@lemmy.world 1 month ago
Watch Valve put Proton on phones. It’s going to be incredible.
pirateKaiser@sh.itjust.works 5 weeks ago
Maeve@kbin.earth 1 month ago
This is a good reason not to let Jeff Bezos convince you that computer saas is a good idea.
Rent seeking. Landlords are leeches.
cheese_greater@lemmy.world 1 month ago
I was struggling to think whatbit was but you just solved that. They want rent, never for you to own anything, much less anything tangible that cant be taken away or revoked or forced to surrender
Bongles@lemmy.zip 1 month ago
One more piece of bad news for VR
VR is doing fine. It’s a niche hobby for people like myself to feel like you’re inside of a game, movie, or porn. If you’re someone who does work on your own device, you can even work in VR.
The metaverse was a ridiculous idea, that is beaten by VRChat.
Mwa@thelemmy.club 1 month ago
true
Maeve@kbin.earth 1 month ago
For some reason, your comment made me think of https://m.imdb.com/title/tt0104692/plotsummary/
Voroxpete@sh.itjust.works 1 month ago
But what about the zero people who used it? Whatever will they do?
Diplomjodler3@lemmy.world 1 month ago
But this time it will be totally different! They’ll learn to love our AI slop! Trust me, bro!
cley_faye@lemmy.world 5 weeks ago
I’m sure all the two people that were using it are devastated.
JackbyDev@programming.dev 5 weeks ago
Oh you KNOW I had to be the robot.
resipsaloquitur@lemmy.world 1 month ago
Don’t worry. The billions Zuck dumped into crypto and NFTs will pay for the billions he dumped into VR.
He’s a genius, dontchaknow.
lmmarsano@lemmynsfw.com 1 month ago
MacStainless@piefed.social 1 month ago
PerogiBoi@lemmy.ca 1 month ago
Meta Horizon Worlds is a giant unlicensed and unmoderated daycare.
JensSpahnpasta@feddit.org 1 month ago
So there are people parking their toddlers in a VR world?
PerogiBoi@lemmy.ca 1 month ago
The overwhelming majority of vr world users are children ages 7-14. There are almost no adults. The adults that are there are trying to interact with kids in an environment where there is zero supervision.
Buffy@libretechni.ca 1 month ago
Yeah it makes the first experience with a Meta headset extremely awkward. You boot it up they and they really want you to go into these worlds. Okay, so I did. Immediately I’m bombarded by the sound of 20 unsupervised children raiding a virtual McDonald’s. Okay, maybe I should find an 18+ world and try that. This was also a mistake.
Wispy2891@lemmy.world 5 weeks ago
I can’t imagine any single company licensing this stuff
Blackmist@feddit.uk 5 weeks ago
I can’t think of many things worse than having to use a VR headset for work.
Treczoks@lemmy.world 5 weeks ago
I’m surprised that they are still trying to beat that dead horse at all. Haven’t they burned billions on it already, without chances of returns?
oh_@lemmy.world 1 month ago
They made it for work too? TIL.
Keshara@piefed.world 1 month ago
Ugh pay-walled article
eletes@sh.itjust.works 5 weeks ago
Luckey Palmer laughing his ass off while playing with his AR battle helmet
mriormro@lemmy.zip 5 weeks ago
Luckey can rot in a shallow grave.
Fuck all of these people.
Lembot_0006@programming.dev 1 month ago
Can you explain how it is bad?
ExcessShiv@lemmy.dbzer0.com 1 month ago
Not all news are bad news
Lembot_0006@programming.dev 1 month ago
One more piece of bad news for VR.
OP claims that this particular piece of news is somehow bad.
Valmond@lemmy.dbzer0.com 1 month ago
A ha ha ha ha ha ha, … inhales … Aaa ha ha ha ha ha ha ha
ExLisper@lemmy.curiana.net 1 month ago
If a company can dump $100B into failed project and still be profitable they have too much money. Jesus, imagine would would happen if this money went to the workers instead…
JensSpahnpasta@feddit.org 1 month ago
It’s actually crazy that you can burn $100B in a project that everybody mocked from the beginnings and still be CEO after that while having earned billions in compensation
Soup@lemmy.world 1 month ago
Hell, it’s fucking insane that we have to earn our bonuses and they still fucking suck yet these people will get millions after fucking it all up. Imagine if a regular worker failed this hard and was like “so where’s my $15,000 Christmas bonus?”
Alpha71@lemmy.world 1 month ago
this is what’s called “holding a controlling interest.”
9488fcea02a9@sh.itjust.works 1 month ago
where do you think the money went? I imagine a lot of it went to workers salaries…
[sweating profusely] Developers! Developers! Developers! Developers! Developers!
MajorasMaskForever@lemmy.world 1 month ago
I hope this meme never dies, but I fear it’s already reaching obscurity
ExLisper@lemmy.curiana.net 1 month ago
You’re right, a lot of it probably went to the devs but from what I’m reading the cash burn is so bad because it’s extremely chaotic in there, lot’s of bad decisions, canceled projects, lot’s of directors swapping places. No idea what part of it went to low ranking devs and what went to consultants and building useless prototypes.
Damage@feddit.it 1 month ago
imagine if they used it develop poor countries
Rekorse@sh.itjust.works 1 month ago
My guess is they collected enough unique data from people using the headsets that its a wash.
ExLisper@lemmy.curiana.net 1 month ago
No, from what I’m reading they just pump money into it senselessly. VR/AR devices are $1B a year market and they pumped like $18B into it in a year. They just don’t care because they make so much money they can burn it.
Korne127@lemmy.world 4 weeks ago
For anyone who is interested, TechAltar made a really good 20m video about that, and all the products that Zuckerberg has invested gigantic amounts of money into that have failed; and why he is capable of doing that and what benefits it might have for him: www.youtube.com/watch?v=hb5cYB7Eoj8