You know zillion may be a fun word to write, but when writing a news article I think using real numbers might be more helpful.
Zuckerberg’s determination is to build these products as fast as possible, which will only heighten tensions. “If you build too slowly,” he said in an interview on the Access podcast, per the FT, ”then you are just out of position on what I think is going to be the most important technology that enables the most new product and innovation and value creation in history.”
Important enough to rename your company after, Mark?
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The meta verse is the future!
I really do love that the combined effort of all of Facebook/Meta…
… couldn’t figure out how to make VRChat, a thing that already exists.
These people are all frauds.
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One of the largest companies in the world pivoted their entire branding and wasted tens of billions of dollars on a failed attempt to become basically a game dev/publisher.
See also: Amazon.
The cynic in me wants to say that Facebook’s foray into VR was a resounding success in that it propped up their stock price until the next fad/grift could come along and take it’s place.
I mean, that basically is how the stock market has worked in the last decade, just basically do a marketing campaign for your company/stock, and then investors get FOMO, pile in.
You’re not really wrong, lol. Ever since the 08 GFC, the ‘economy’, as presented by the media basically just is a series of escalating bubbles in every industry.
… which are of course now, all at the same time… deflating, unwinding, imploding.
“I’m buying tomatoes with VR! You can squeeze them!”
to build these products as fast as possible
Without considering if it’s even possible at all. But they’ve probably convinced themselves it is and now sunk cost will keep them going.
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It’s mostly FOMO for Boomer CEOs that would rather risk the company than be seen asleep at the switch on the AI “revolution”. Like bank CEOs of the 2000s, they are investing in black boxes they don’t understand, because a few twats at Harvard sold them a faulty algorithm. If it fails and takes down a company, who cares, they are retired and yachting by then.
It will take years to realize that the original Google search had a much more profound effect on productivity, but now that has been enshittified.
FOMO with a large part of western civilization as collateral.
Gambling is much more fun when you’re betting other people’s money.
On that note, my condolences if anyone thinks they have a pension or 401k or retirement plan of any kind.
Like sure, technically you might, but not meaningfully, no.
Boomers, as we all know, are extremely tech literate, and in tune with modern digital culture.
… when it comes to the ‘metaverse’, they pretty much could not have picked something they were more clueless about.
As I said in another comment… VRChat already existed, when the Meta transition happened.
They spent tens of billions of dollars and couldn’t figure out how to even match VRChat.
If Facebook wanted to try and do the Metaverse… they should have just bought VRChat, figure out some way to patent-fuck them into accepting that.
That way there would at least not be an alternative to go to after they ruin it.
… why am I not making 50 million dollars a year as an industry consultant?
They should’ve done all initial meetings about the metavers in VR chat to see if it was such s great idea. But I guess there was a much fatter paycheck in it for saying the classics words: “Great idea boss!”
Pretty much.
They’re all egomaniacs, they need to be cut down to size, one way or another, or they will literally kill us all, and then pout about how no is left to appreciate them.
I’ll never stop being shocked at what an idiot man child Zuck is.
He’s a lottery winner who digitized a concept proven to work with paper. This is all of Silicon Valley. They were out of ideas years ago to convince people to adopt, so now the model is force people to adopt.
Mr AI expert thinks he knows more than the Zuck!?!?
Zuckerberg is trying to do the reverse, try to act HUMAN.
POP POP POP! CHOP CHOP! I WANT TO END THE YEAR GOOD!
