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…
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
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?”
I didn’t fuck up and only got a tenth of that.
You guys are getting Christmas bonuses?
I didn’t fuck up and I always got the “default” $500CAD.
To be fair, my last company didn’t pay anything because… uhm they had a record breaking year but they wanted more and thus it was nearly bankrupting them. Emotionally, I mean.
I didn’t fuck up and they gave me 50$
Some of us only get a membership to the jelly of the month club.
this is what’s called “holding a controlling interest.”
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!
I hope this meme never dies, but I fear it’s already reaching obscurity
I only learned about it 3 weeks ago… trying to keep it alive
I’M DOING MY PART
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.
My guess is they collected enough unique data from people using the headsets that its a wash.
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.
Lol at all the companies who got rugpulled again because they trusted Zuck’s promises. Get rekt bozos.
I guess the idea just didn’t have legs!
Over $100 billion down the toilet and zuck is still one of the richest people in the world wtf?
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?
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
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
Watch Valve put Proton on phones. It’s going to be incredible.
But what about the zero people who used it? Whatever will they do?
But this time it will be totally different! They’ll learn to love our AI slop! Trust me, bro!
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.
I’m sure all the two people that were using it are devastated.
Oh you KNOW I had to be the robot.
Meta Horizon Worlds is a giant unlicensed and unmoderated daycare.
So there are people parking their toddlers in a VR world?
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.
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.
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.
The most funny thing about this is that they banned you for 7 days. No permaban for the russian government agent, just 7 days!
I can’t imagine any single company licensing this stuff
Ugh pay-walled article
I can’t think of many things worse than having to use a VR headset for work.
