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davel [he/him]@lemmy.ml to Technology@lemmy.mlEnglish · 8 days ago

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

techstartups.com

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

techstartups.com

davel [he/him]@lemmy.ml to Technology@lemmy.mlEnglish · 8 days ago
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  • TwilitSky@lemmy.world
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    6 days ago

    Remember when everyone made fun of Second Life? Now the people who made it don’t need to feel embarrassed anymore because at least they weren’t involved in Metaverse. If you were involved with both, there’s no salvation left.

  • Doctor MoodMood@lemmy.ml
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    7 days ago

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

    • EatMyPixelDust@lemmy.blahaj.zone
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      7 days ago

      lol wtf

    • GameOverFlow@lemmy.zip
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      7 days ago

      bummer

  • eestileib@lemmy.blahaj.zone
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    6 days 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@piefed.social
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      6 days ago

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

  • SavageCoconut@lemmy.world
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    7 days ago

    It doesn’t matter now. All those idiots who wrote books about how good the mataverse was, how it was going to change our lives, how we will be able to talk to costumer support in a virtual office from our house… all those people who wrote about it did the leap to talk about AI and now are writing about how good AI is… goshhhh

    • ActualCommunistLearning@lemmy.world
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      6 days ago

      can’t wait for current AI hype bubble to burst. Not neccesarily have AI stop being relevant, just have it stop being forced into everything.

  • Patrikvo@lemmy.zip
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    7 days 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@beehaw.org
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    6 days ago

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

  • merdaverse@lemmy.zip
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    7 days ago

    Are they going to rebrand to Slop now to follow the latest trend?

  • NigelFrobisher@aussie.zone
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    6 days ago

    Did anyone even think about this once while not reading news stories about it?

  • Tiger666@lemmy.ca
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    6 days ago

    Those lobsters should have top hats and monocles.

    • TwilitSky@lemmy.world
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      6 days ago

      Not everything has to be so realistic.

  • RememberTheApollo_@lemmy.world
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    7 days ago

    We have had Meta headsets for a couple years. Still don’t know what the “metaverse” is. The headsets are fun, though.

  • G3NI5Y5@europe.pub
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    7 days ago

    No surprise

  • UnspecificGravity@piefed.social
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    8 days 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@lemmy.ml
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      8 days ago

      Haha. I will remember that.

  • NewOldGuard@lemmy.ml
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    8 days 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@poptalk.scrubbles.tech
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      8 days 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

      • Pika@sh.itjust.works
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        8 days ago

        they don’t learn either cause they dove head first into AI right after.

    • sakuraba@lemmy.ml
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      7 days ago

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

  • ☂️-@lemmy.ml
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    8 days ago

    motherfuckers could probably have ended hunger in their country for that kind of money.

    that’s how much of a piece of shit this pedophile nazi is.

    • quick_snail@feddit.nl
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      7 days ago

      I think that would end all poverty in the entire world

  • Mongostein@lemmy.ca
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    8 days ago

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

    • Thunderbird4@lemmy.world
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      6 days ago

      Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.

      • timbuck2themoon@sh.itjust.works
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        6 days ago

        Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.

    • TwilitSky@lemmy.world
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      6 days ago

      Also, there are still people dying of hunger.

    • Botzo@lemmy.world
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      8 days ago

      Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might pay off fund other misadventures.

    • I_am_10_squirrels@beehaw.org
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      7 days ago

      Iirc zuck bankrolled most of it himself

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