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Meta has discontinued its metaverse for work, too (www.theverge.com)
submitted 7 months ago by to c/technology@lemmy.world
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[–] 204 points 7 months ago (20 children)

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...

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  • [–] [S] 169 points 7 months ago (10 children)

    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

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  • [–] 81 points 7 months ago (8 children)

    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?”

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  • [–] 29 points 7 months ago (6 children)

    I didn't fuck up and only got a tenth of that.

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  • [–] 8 points 7 months ago (2 children)

    I didn’t fuck up and I always got the “default” $500CAD.

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  • [–] 27 points 7 months ago (4 children)

    imagine would would happen if this money went to the workers instead...

    where do you think the money went? I imagine a lot of it went to workers salaries....

    [sweating profusely] Developers! Developers! Developers! Developers! Developers!

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  • [–] 4 points 7 months ago (1 child)

    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.

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  • [–] 3 points 7 months ago

    My understanding is that Facebook's culture is very cutthroat. Throw other people under the bus, try to make your rivals' project fail, do a huge unnecessary refactor to "make a name" for yourself, that sort of stuff.

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  • [–] 4 points 7 months ago (1 child)

    My guess is they collected enough unique data from people using the headsets that its a wash.

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  • [–] 4 points 7 months 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.

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