Remember when everyone made fun of Second Life? Now the people who made it don’t need to feel embarrassed anymore because at least they weren’t involved in Metaverse. If you were involved with both, there’s no salvation left.
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.
Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.
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.
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Hilarious that this company is now named after a failed product. It would be like if Ford changed it’s name to Pinto.
Haha. I will remember that.
And now they’re not shutting it down after all. :D
lol wtf
bummer
Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao
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
they don’t learn either cause they dove head first into AI right after.
well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal
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.
The world is okay, it’s billionaires and stupidity that’s the problem
Yes, but have you considered that you can simply buy a house on the Metaverse?
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 is.
I think that would end all poverty in the entire world
Remember when everyone made fun of Second Life? Now the people who made it don’t need to feel embarrassed anymore because at least they weren’t involved in Metaverse. If you were involved with both, there’s no salvation left.
Are they going to rebrand to Slop now to follow the latest trend?
They lose $80B and are still in business? That’s insane.
Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might
pay offfund other misadventures.Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.
Iirc zuck bankrolled most of it himself
Also, there are still people dying of hunger.
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.
I think it’s hilarious that the entire press and Meta are both like “ope, people don’t want to hang out in VR”.
furries continue to hang out in VR chat
I think its hilarious they are called meta. they will never be able to get away from their shame.
I tried to tell him.
He could have paid you $40B for that advice and still be better off.
remember 6 years ago when everyone was saying ‘learn to code’?
now what?
Go to a trade school
Back to physical hardware, installation, troubleshooting. Been doing that as my focus for years. I’m so busy I turn down work.
yeah looks like this is the way now, people are not buying new hardware
They are. Just at the Enterprise and business level.
Did anyone even think about this once while not reading news stories about it?
ahh the schadenfreude… 😈
Slop ai header image to talk about the slop company. Ai use is so embarrassing