this post was submitted on 15 Oct 2023
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[–] [email protected] 26 points 2 years ago (3 children)

I actually find it funny they want to be "Meta" still when I consider just how hard the Metaverse flopped

[–] [email protected] 7 points 2 years ago (1 children)

how hard the Metaverse flopped

The Metaverse is merely experiencing temporary setbacks due to the integration of new technology into existing systems.

That was my attempt at corporate speak parody.

I was curious how bad things are in the 'verse right now so I googled. I don't know how they can spin that it's "fucking awful" but they're tech bros - they'll find a way

Metaverse: What happened to Mark Zuckerberg's next big thing? - BBC News

How unprofitable? Well, the most recent figures from Meta are eye-watering.

Reality Labs - which as the name suggests is Meta's virtual and augmented reality branch - has lost a staggering $21 billion since last year.

[–] [email protected] 3 points 2 years ago

Most efficient economic system.

[–] [email protected] 6 points 2 years ago* (last edited 2 years ago) (1 children)

Metaverse is still vaguely alive.

Thing is that metaverse isn't marketed as just a game, it is a tool for business as well.

Businesses still want it and are trying to make cases that it is just going through growing pains and some hurdles (citing crypto crash, elephant in the room that is GenAI, and regulatory problems) but man in the public eye people see it as the obvious scam that it is with only 300k active users, and a much lower CCU count.

Unfortunately businesses make the decisions in our culture so we just have to eat the shit they shovel and they own the kitchen until a time we decide to raid the fridge.

[–] [email protected] 3 points 2 years ago

Thing is that metaverse isn't marketed as just a game, it is a tool for business as well.

A tool for tools. kelly