Beehaw
  • Communities
  • Create Post
  • search
    Search
  • Login
  • Sign Up
davel [he/him] ( davel@lemmy.ml )  to Technology@lemmy.mlEnglish · 8 months ago

Meta shuts down Metaverse after $80 billion loss, ends Horizon Worlds era

techstartups.com

external-link
message-square
35
link
fedilink
  • cross-posted to:
  • technology@piefed.social
211
external-link

Meta shuts down Metaverse after $80 billion loss, ends Horizon Worlds era

techstartups.com

davel [he/him] ( davel@lemmy.ml )  to Technology@lemmy.mlEnglish · 8 months ago
message-square
35
link
fedilink
  • cross-posted to:
  • technology@piefed.social
alert-triangle
You must log in or register to comment.
  • UnspecificGravity ( UnspecificGravity@piefed.social ) 
    link
    fedilink
    English
    arrow-up
    69
    ·
    8 months ago

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

    • Matengor ( matengor@lemmy.ml ) 
      link
      fedilink
      arrow-up
      9
      ·
      8 months ago

      Haha. I will remember that.

  • NewOldGuard ( NewOldGuard@lemmy.ml ) 
    link
    fedilink
    English
    arrow-up
    66
    ·
    8 months ago

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

    • Scrubbles ( scrubbles@poptalk.scrubbles.tech ) 
      link
      fedilink
      English
      arrow-up
      37
      ·
      8 months ago

      This should be taught in MBA and finance classes for how Bros get caught up in a hype cycle and how it’s all bullshit

    • sakuraba ( sakuraba@lemmy.ml ) 
      link
      fedilink
      arrow-up
      6
      ·
      8 months ago

      well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal

  • ☂️- ( umbrella@lemmy.ml ) 
    link
    fedilink
    arrow-up
    54
    ·
    edit-2
    7 months ago

    deleted by creator

    • quick_snail ( quick_snail@feddit.nl ) 
      link
      fedilink
      arrow-up
      5
      ·
      8 months ago

      I think that would end all poverty in the entire world

  • Mongostein ( Mongostein@lemmy.ca ) 
    link
    fedilink
    arrow-up
    47
    ·
    8 months ago

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

    • I_am_10_squirrels ( I_am_10_squirrels@beehaw.org ) 
      link
      fedilink
      arrow-up
      1
      ·
      8 months ago

      Iirc zuck bankrolled most of it himself

  • ordnance_qf_17_pounder ( ordnance_qf_17_pounder@reddthat.com ) deleted by creator
    link
    fedilink
    arrow-up
    25
    ·
    8 months ago

    Wankers. Shut the whole company down

  • astraeus ( astraeus@lemmy.ml ) deleted by creator
    link
    fedilink
    arrow-up
    21
    ·
    8 months ago

    Not only was the entire project thing a completely repulsive, uncanny mess, but also they could’ve just bought roblox for half that amount which is effectively the closest thing to a “metaverse” but ig zuck ego wouldn’t allow that

  • Dr. Wesker ( wesker@lemmy.sdf.org ) 
    link
    fedilink
    English
    arrow-up
    19
    ·
    8 months ago

    I tried to tell him.

    • wewbull ( wewbull@feddit.uk ) 
      link
      fedilink
      English
      arrow-up
      6
      ·
      8 months ago

      He could have paid you $40B for that advice and still be better off.

  • sakuraba ( sakuraba@lemmy.ml ) 
    link
    fedilink
    arrow-up
    10
    ·
    8 months ago

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

    now what?

    • titanicx ( titanicx@lemmy.zip ) 
      link
      fedilink
      arrow-up
      7
      ·
      8 months ago

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

      • sakuraba ( sakuraba@lemmy.ml ) 
        link
        fedilink
        arrow-up
        2
        ·
        8 months ago

        yeah looks like this is the way now, people are not buying new hardware

        • titanicx ( titanicx@lemmy.zip ) 
          link
          fedilink
          arrow-up
          1
          ·
          8 months ago

          They are. Just at the Enterprise and business level.

  • Doctor MoodMood ( drmoodmood@lemmy.ml ) 
    link
    fedilink
    arrow-up
    8
    ·
    8 months ago

    And now they’re not shutting it down after all. :D

    • EatMyPixelDust ( EatMyPixelDust@lemmy.blahaj.zone ) 
      link
      fedilink
      English
      arrow-up
      3
      ·
      8 months ago

      lol wtf

    • GameOverFlow ( GameOverFlow@lemmy.zip ) 
      link
      fedilink
      arrow-up
      2
      ·
      8 months ago

      bummer

  • Sunforged ( Sunforged@lemmy.ml ) 
    link
    fedilink
    arrow-up
    8
    ·
    8 months ago

    One more reason for centralized planning.

  • we are all ( crazycraw@crazypeople.online ) 
    link
    fedilink
    English
    arrow-up
    7
    ·
    8 months ago

    ohh bless their hearts.

    i love this for them.

  • RedGreenBlue ( RedGreenBlue@lemmy.zip ) 
    link
    fedilink
    arrow-up
    6
    ·
    8 months ago

    Where did the money go? Programmer salaries?

    • wewbull ( wewbull@feddit.uk ) 
      link
      fedilink
      English
      arrow-up
      12
      ·
      8 months ago

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

      Zuckerberg makes Brewster look like an amateur.

      • AckPhttt ( AckPhttt@beehaw.org ) 
        link
        fedilink
        arrow-up
        1
        ·
        8 months ago

        Those are still rookie numbers. Pete Hegseth just spent more than that on ribeye steaks and lobster tails.

        • wewbull ( wewbull@feddit.uk ) 
          link
          fedilink
          English
          arrow-up
          1
          ·
          8 months ago

          Well… Except he didn’t did he. Defence department spending has a bunch of black holes to funnel money into.

    • quick_snail ( quick_snail@feddit.nl ) 
      link
      fedilink
      arrow-up
      3
      ·
      8 months ago

      Yes. And lawyers. And hardware manufacturing. And energy to run servers.

  • Patrikvo ( Patrikvo@lemmy.zip ) 
    link
    fedilink
    arrow-up
    4
    ·
    8 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.

  • belated_frog_pants ( belated_frog_pants@beehaw.org ) 
    link
    fedilink
    arrow-up
    4
    ·
    8 months ago

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

  • eestileib ( eestileib@lemmy.blahaj.zone ) 
    link
    fedilink
    arrow-up
    4
    ·
    8 months ago

    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

    • HubertManne ( HubertManne@piefed.social ) 
      link
      fedilink
      English
      arrow-up
      2
      ·
      8 months ago

      I think its hilarious they are called meta. they will never be able to get away from their shame.

Technology@lemmy.ml

technology@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.ml

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 2 users / day
  • 27 users / week
  • 97 users / month
  • 2.93K users / 6 months
  • 1.1K local subscribers
  • 43.4K subscribers
  • 4.7K Posts
  • 26.7K Comments
  • Modlog
  • mods:
  • MinutePhrase ( MinutePhrase@lemmy.ml ) 
  • BE: 0.19.21
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code