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Meta is developing a prediction market app called ‘Arena’ as [gambling] sector booms (www.coindesk.com)
submitted 4 months ago by to c/enshittification@lemmy.world
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Under capitalism the endpoint of every app is a slot machine.

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[–] 24 points 4 months ago (4 children)

I have no idea why investors still believe in meta. They are absolutely thrashing right now because they're so out of ideas. Metaverse was a good idea but they could never be the ones to implement it well. Then just AI and now this? They don't know what they're doing

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  • [–] 9 points 4 months ago

    I haven't been following the market in a while, but I'm pretty sure they keep reporting record revenue and profit. And investors seem to like layoffs. And Zuckerberg has shown he's not afraid to buy favors from politicians.

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  • [–] 4 points 4 months ago (1 child)

    Was the metaverse a good idea? I’m not convinced

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  • [–] 3 points 4 months ago

    I honestly think the Metaverse could be a revolutionary idea. However, the way it could be great is not compatible with how Big Tech would ever build it. It would need to be equalized, democratized, owned by the people. There of course could be private or paid areas, but it could never be the default. A user would need to be able to live a completely normal experience in there on their own, with their friends, with no paywalls - ever. That's why big tech would never be able to do it. Then if you wanted to go somewhere and watch a licensed movie that's paid, that's separate.

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