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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
17 comments fedilink hide all child comments
 

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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    • [–] 11 points 4 months ago

    Meta feels like Microsoft did back in the mid 90s. They dominated a market completely, then went looking for other markets to dominate based on buzzwords and vibes.

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    [–] 3 points 4 months ago (2 children)

    Next up, porn called Micro Meta

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    • [–] 2 points 4 months ago

    Zawinski's Law needs to be updated to change 'email client' to 'slot machine'.

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    [–] 3 points 4 months ago

    So on brand for Zuck

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    [–] 3 points 4 months ago

    Time to start pivoting from AI.

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    [–] 2 points 4 months ago (3 children)

    What a horrible insult to the software that basically made the WWW get going. Arena was the first widespread web browser.

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  • [–] 4 points 4 months ago (2 children)

    Zuck's whole thing is just stealing names from far cooler things. Metaverse came from a Neal Stephenson novel

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    • [–] 1 point 4 months ago* (last edited 4 months ago)

    Well, the metaverse was a wast of money, but you can't really say operating a casino is.

    House always wins. It's basically just theft.

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