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[–] 88 points 7 months ago (3 children)

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

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  • [+] 72 points 7 months ago* (last edited 6 months ago) (1 child)
  • [–] 63 points 7 months ago (5 children)

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

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  • [–] 1 point 7 months ago (1 child)

    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.

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  • [–] 93 points 7 months ago (1 child)

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

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  • [–] 35 points 7 months ago (2 children)

    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.

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  • [–] 31 points 7 months 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.

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  • [–] 30 points 7 months 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.

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  • [–] 25 points 7 months ago (1 child)
  • [–] 20 points 7 months ago (5 children)

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

    Followed by no explanation of what the metaverse is.

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  • [–] [S] 23 points 7 months ago (4 children)

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

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  • [–] 7 points 7 months ago (3 children)

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

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  • [–] [S] 4 points 7 months ago (2 children)

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

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  • [–] 13 points 7 months ago (3 children)
  • [–] 1 point 7 months ago (2 children)

    There really should be consequences for top leadership when even 1% of the company has to go. I'm a businessperson. When you lay off a bunch of people it's not because you suddenly discovered smarter ways to work in your industry.

    95% of the time, It's because you planned poorly. 5% of the time, events that could not have been planned for derail things.

    If the workers have to suffer consequences for the organization to survive, fine. Take out the leadership who sent the company down the tubes with their orders in the first place.

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  • [–] 11 points 7 months ago (2 children)
    [–] 10 points 7 months ago

    ohh bless their hearts.

    i love this for them.

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  • [–] 10 points 7 months ago

    ahh the schadenfreude... 😈

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  • [–] 10 points 7 months ago

    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.

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  • [–] 15 points 7 months ago (4 children)

    remember 6 years ago when everyone was saying 'learn to code'?

    now what?

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  • [–] 9 points 7 months ago (2 children)

    Back to physical hardware, installation, troubleshooting. Been doing that as my focus for years. I'm so busy I turn down work.

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  • [–] 6 points 7 months ago

    The Metaverse cycle:

    10 Some article remind me it exist;

    20 I shrug and continue not to care about the Metaverse;

    30 I forget about the existance of the Metaverse;

    40 Some amount of time passes;

    50 GOTO 10.

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  • [–] 6 points 7 months ago (1 child)

    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

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  • [–] 6 points 7 months ago (1 child)

    It doesn't matter now. All those idiots who wrote books about how good the mataverse was, how it was going to change our lives, how we will be able to talk to costumer support in a virtual office from our house… all those people who wrote about it did the leap to talk about AI and now are writing about how good AI is… goshhhh

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    [–] 5 points 7 months ago

    Darn shame, poor Zuck

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  • [–] 4 points 7 months ago

    Slop ai header image to talk about the slop company. Ai use is so embarrassing

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  • [–] 6 points 7 months ago (5 children)

    Where did the money go? Programmer salaries?

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  • [–] 16 points 7 months ago (3 children)

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

    Zuckerberg makes Brewster look like an amateur.

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  • [–] 3 points 7 months ago

    Did anyone even think about this once while not reading news stories about it?

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  • [–] 2 points 7 months ago (1 child)

    Those lobsters should have top hats and monocles.

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  • [–] 2 points 7 months ago

    Are they going to rebrand to Slop now to follow the latest trend?

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  • [–] 2 points 7 months ago

    We have had Meta headsets for a couple years. Still don’t know what the “metaverse” is. The headsets are fun, though.

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  • [–] 4 points 7 months ago

    One more reason for centralized planning.

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  • [–] 1 point 7 months ago

    No surprise

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  • 8 comments in c/technology@piefed.social view that post
    [–] 18 points 7 months ago (1 child)

    Great, thanks for buying oculus and turning it into a massive POS

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  • [–] 13 points 7 months ago

    This is the biggest loss in this debacle.

    Oculus had the traction and promise to become the steam deck for virtual reality, but after Meta tried to zuckify it into a platform business we have nothing to show for it, except perhaps the extremely humanlike avatar.

    It was an enshittification speedrun.

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  • [–] 15 points 7 months ago

    What an idiot

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  • [–] 6 points 7 months ago (1 child)

    What a loss. How will I ever move on with my life.

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  • [–] 3 points 7 months ago (2 children)