Zuckerberg and company talked up another supposed tech revolution four short years ago.

  • Fubarberry ( Fubarberry@sopuli.xyz ) 
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    1 year ago

    The tech industry is all about growth. For better or worse facebook has basically grown to it’s max size, and it’s unrealistic to expect any significant growth there. Zuck is trying to sell investors and shareholders on the idea that Meta is going to be at the center of the next massive thing. Some years ago he thought it was going to be VR, and it’s completely unsurprising that he now thinks it’s going to be AI (unsurprising because every other tech company thinks the same thing).

  • WeirdyBeansAt ( GoobyMcMooby@lemmy.zip ) 
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    1 year ago

    LOL I still can’t believe that they were trying to sell MiiVerse within a headset as the future of communication; Where you could buy Tamadochi Life looking homes for thousands of real USD.

    • wise_pancake ( wise_pancake@lemmy.ca ) deleted by creator
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      1 year ago

      Basically a Zuckerberg read or watched Ready Player One and decided he wanted to own that.

      They have put a ridiculous amount of R&D into it at this point but the whole metaverse idea doesn’t actually enable anything new or better than the existing paradigms.

  • RobotZap10000 ( RobotZap10000@feddit.nl ) 
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    1 year ago

    I fear for the next giant, steaming hot turd that Silicon Valley will shit out next to keep the growth story going. The only thing that grows forever is cancer. I can only hope when the AI bubble pops, which would be foolish to think that it won’t, the vulture capitalists will be holding the bag so hard, that they will entirely give up on the fairy tale that the tech industry isn’t mature. Since it won’t grow forever anymore, the stock price will crater and the employees that were paid in it will be shit out of luck.