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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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    [–] 83 points 7 months ago

    Lol at all the companies who got rugpulled again because they trusted Zuck's promises. Get rekt bozos.

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    [–] 68 points 7 months ago (12 children)

    Over $100 billion down the toilet and zuck is still one of the richest people in the world wtf?

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  • [–] 25 points 7 months ago (3 children)

    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?

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

    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.

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  • [–] 12 points 7 months ago (5 children)

    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.

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    [–] 66 points 7 months ago (1 child)

    I guess the idea just didn't have legs!

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    • [–] 65 points 7 months 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

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    [–] 60 points 7 months ago* (21 children)

    Great News!

    Nobody should use or support anything Meta. As a matter if principle.

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  • [–] 29 points 7 months ago (9 children)

    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.

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  • [–] [S] 13 points 7 months ago (4 children)

    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.

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    [–] 51 points 7 months ago (1 child)

    https://archive.ph/S2v2Y

    This is a good reason not to let Jeff Bezos convince you that computer saas is a good idea.

    https://www.windowscentral.com/artificial-intelligence/jeff-bezos-says-the-quiet-part-out-loud-bezos-envisions-that-youll-give-up-your-pc-for-an-ai-cloud-version

    Rent seeking. Landlords are leeches.

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  • [–] 12 points 7 months ago* (last edited 7 months ago)

    I was struggling to think where i recognized that bit 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 or relinquish

    Appl does the same with music and videos and audiobooks and books They want to license it to you and for you to have zero access to the actual files and brainwash entire ongoing new generations to not even understand a file system/owning real files and knowing where to get basically any file you want. The whole notion of a file having tangible value and operable

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

    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

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

    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.

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    [–] 33 points 7 months ago

    But what about the zero people who used it? Whatever will they do?

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    [–] 29 points 7 months ago

    But this time it will be totally different! They'll learn to love our AI slop! Trust me, bro!

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    [–] 14 points 7 months ago (1 child)

    I'm sure all the two people that were using it are devastated.

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    [–] 13 points 7 months 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.

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    [–] 9 points 7 months ago (6 children)

    Meta Horizon Worlds is a giant unlicensed and unmoderated daycare.

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  • [–] [S] 8 points 7 months ago (5 children)

    So there are people parking their toddlers in a VR world?

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  • [–] 18 points 7 months ago (3 children)

    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.

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

    There's a lot of VR chat communities that heavily self moderate that crap out so adults can actually enjoy games/social instances. This approach created a whooooole lotta Wild West space full of every IP stealing debauchery you can imagine, but like the early Internet also allowed for a ton of creativity and fun. Meta's approach was to try to simply not allow anything that would be inappropriate for anyone ever to sanitize for corporate sponsors, leading to a sterile and soulless waste of time.

    Utterly shocked which one has regular users creating and exploring.

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

    Fun aside but I went into one of these heavily moderated adult communities on Meta and I was using a headset that was enterprise controlled so it had no personal meta account attached which meant I didn’t have an avatar.

    When I showed up I appeared as a featureless grey avatar. I made a lot of friends until the moderator with a heavy southern US accent called me a hacker (because I was grey and featureless) and started genuinely freaking out and yelling.

    A whole crowd gathered around me and some people were saying that I was a government agent (lol) and another suggested I was Russian. Anyways, they banned me for 7 days which sucked.

    I went through a VR witch hunt because I was GREY.

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  • [–] 7 points 7 months 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.

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    • [–] 7 points 7 months ago

    GJzi974BrEai7Fg.gif

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