Meta lost $77bn on VR?

@alicemcalicepants

Eventually they will run out of everybody's money

@alicemcalicepants

They hit a wall in development.

@passenger @alicemcalicepants *whispers* can you tell me what's going on? I don't get it.

@alicemcalicepants How many nurses etc
How many doctors etc
How many homes etc...

These evil cunts throw around sums on their fucking TOYS that would make life so much better for MILLIONS, and yet we permit them to live.

@Iwillyeah @passenger it took them a long time to figure out how to give Metaverse avatars legs https://gizmodo.com/facebook-quest-world-legs-avatars-mark-zuckerberg-1850787409

@Iwillyeah @alicemcalicepants

*whisper back*

Alice is being extremely clever.

The original launch video for Facebook's Metaverse VR idea, the one that led to them renaming themselves Meta, featured people that only existed from the waist up because legs are hard to do in VR.

"It doesn't have legs" is a casual way of saying "the idea didn't work."

@Iwillyeah @alicemcalicepants

@passenger @alicemcalicepants I seeeeee. Haha!

@alicemcalicepants

I can't wait for the top-tier jokes that will happen when the AI bubble bursts and we will find out how many billions (trillions?) were wasted there.

@alicemcalicepants

In what is dramatic about it is that the company suffered no investor anger over it.

Apparently, most of the money just disappeared, and they can’t explain where it went

@alicemcalicepants You could do standup with material this good.

@alicemcalicepants On a serious note, I’m not surprised. My kid saved up his money to buy the headset, but when he wanted to buy a game, there was some issue with his account & he couldn’t purchase it. We tried for days to fix this stupid account problem but never did, so he could only play the free or demo games. He lost interest & Meta lost money.

@alicemcalicepants

@alicemcalicepants nicely done.

@alicemcalicepants or any physical form really

@alicemcalicepants underrated toot

@alicemcalicepants wow only $77 Joels, that is some serious restraint by Mark Zuckerberg, the third dumbest rich brat in the world

@csstrowbridge @alicemcalicepants

I think it will be really hard to measure the impact. Because there are people who are leaving or have left the tech field because they are being forced to use this "AI" crap and would rather just not deal with it anymore.

Or the generation of people who didn't go into computer science because of it. There are going to be so many second-order consequences it'll be almost impossible to know the true extent of the damage for a decade or more.

@alicemcalicepants

@alicemcalicepants Big oof. They could have put all that money into A.I. instead!

laugh track