The ironic thing is longterm there is a steady market for VR if game developers are given time and agency to build it, it is way more revolutionary than AI in my opinion because it works.
If Meta had spent 1/10th of the money over 10 years on VR they would have walked out of this okay in the medium term but nope gotta chase the rainbow.
All they had to do was commit and they couldn't, not with all the money in the world.