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davel@lemmy.ml to Technology@lemmy.mlEnglish · 14 hours ago

Meta shuts down Metaverse after $80 billion loss, ends Horizon Worlds era

techstartups.com

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  • cross-posted to:
  • technology@piefed.social
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Meta shuts down Metaverse after $80 billion loss, ends Horizon Worlds era

techstartups.com

davel@lemmy.ml to Technology@lemmy.mlEnglish · 14 hours ago
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  • cross-posted to:
  • technology@piefed.social
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  • neukenindekeuken@sh.itjust.works
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    7 minutes ago

    They could have cured homelessness 4x over. But instead we got crappy little Zuck-like avatars and an ecosystem nobody ever asked for or wanted.

    Fuck this world man.

  • (des)mosthenes@lemmy.world
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    10 minutes ago

    16k souls about to lay for his continued mistakes https://www.independent.co.uk/news/world/americas/meta-job-layoffs-artificial-intelligence-b2938715.html

  • astraeus@lemmy.ml
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    3 hours ago

    Not only was the entire project thing a completely repulsive, uncanny mess, but also they could’ve just bought roblox for half that amount which is effectively the closest thing to a “metaverse” but ig zuck ego wouldn’t allow that

  • RedGreenBlue@lemmy.zip
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    3 hours ago

    Where did the money go? Programmer salaries?

    • wewbull@feddit.uk
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      2 hours ago

      That’s a very good question. How do you spend $80billion?

      Zuckerberg makes Brewster look like an amateur.

  • ☂️-@lemmy.ml
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    10 hours ago

    motherfuckers could probably have ended hunger in their country for that kind of money.

    that’s how much of a piece of shit this pedophile nazi is.

  • ch00f@lemmy.world
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    10 hours ago

    For everyone who never tried it, they had honest to god paid employees in Horizon Worlds to help players get oriented. I cannot imagine a worse job.

    The one I ran into was standing in front of some “game” experience that was like…jumping on tiles or some shit.

  • UnspecificGravity@piefed.social
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    12 hours ago

    Hilarious that this company is now named after a failed product. It would be like if Ford changed it’s name to Pinto.

    • Matengor@lemmy.ml
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      3 hours ago

      Haha. I will remember that.

  • ch00f@lemmy.world
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    10 hours ago

    But I thought the whole line was “hOrIzOn WoRlDs iSnt the MeTaVeRsE.”

    Followed by no explanation of what the metaverse is.

    • davel@lemmy.mlOP
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      10 hours ago

      Finally it can be explained: 1) Dig a ditch, 2) Dump in $80B, 3) Light it on fire.

      • Whostosay@sh.itjust.works
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        10 hours ago

        You didn’t slap the acronym AI anywhere on that, you’d only be able to burn 10B through your method.

        • davel@lemmy.mlOP
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          10 hours ago

          1a) Buy $80B in crypto.
          1b) Sell the crypto for $50B.

          • Whostosay@sh.itjust.works
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            10 hours ago

            Wait. But how will we starve the browns?

            • Unpigged@lemmy.dbzer0.com
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              8 hours ago

              Of course by jacking up the energy and water prices, Watson!

  • NewOldGuard@lemmy.ml
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    13 hours ago

    Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao

    • Scrubbles@poptalk.scrubbles.tech
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      11 hours ago

      This should be taught in MBA and finance classes for how Bros get caught up in a hype cycle and how it’s all bullshit

      • Pika@sh.itjust.works
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        10 hours ago

        they don’t learn either cause they dove head first into AI right after.

  • Mongostein@lemmy.ca
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    13 hours ago

    They lose $80B and are still in business? That’s insane.

    • Botzo@lemmy.world
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      12 hours ago

      Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might pay off fund other misadventures.

  • ordnance_qf_17_pounder@reddthat.com
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    13 hours ago

    Wankers. Shut the whole company down

  • ChicoSuave@lemmy.world
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    13 hours ago

    Buying real estate in the Metaverse used to be compared to buying land on the moon. But Zuck can’t turn off the moon, so it’s arguably a better investment.

  • Dr. Wesker@lemmy.sdf.org
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    14 hours ago

    I tried to tell him.

    • wewbull@feddit.uk
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      2 hours ago

      He could have paid you $40B for that advice and still be better off.

  • we are all@crazypeople.online
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    13 hours ago

    ohh bless their hearts.

    i love this for them.

  • Sunforged@lemmy.ml
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    13 hours ago

    One more reason for centralized planning.

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