Meta’s reality check: Inside the $45 billion cash burn at Reality Labs VR Division
https://finance.yahoo.com/news/metas-reality-check-inside-the-45-billion-cash-burn-at-reality-labs-125717347.html
Meta’s reality check: Inside the $45 billion cash burn at Reality Labs VR Division
https://finance.yahoo.com/news/metas-reality-check-inside-the-45-billion-cash-burn-at-reality-labs-125717347.html
4 Comments
Suckerborg ran out of other peoples’ ideas 15 years ago.
Seems like a huge money pit with nothing to really show for. I just don’t see what the end goal is here. What are they trying to solve? Even Zuckerberg’s ideas are still tied around this silly metaverse meeting stuff.
“When we were working on the Orion [AR] glasses, the top Zuck scenario was always immersive video calls. We did all the modeling on the heat and battery performance and we told him, ‘Dude, we can do a call like this for five minutes and then the person’s head catches on fire.’ It’s a power-hungry thing, but it’s one of those goals he’s chasing.”
Why? We already have videocalls. Just invest a fraction of that money into improving those services.
Ad companies like meta should pay dividends instead to trying to create new markets based on early nineties sci-fi satire.
Meta bought a flourishing VR company that specialized in PC VR and then completely changed EVERYTHING about it. Then they sunk a bunch of money into a headset-only “game” that was basically the same (but worse) as software that pretty much already existed.
It was doomed from the start.