Did anyone even think about this once while not reading news stories about it?
Buying real estate in the Metaverse used to be compared to buying land on the moon. But Zuck can’t turn off the moon, so it’s arguably a better investment.
I tried to tell him.
He could have paid you $40B for that advice and still be better off.
Wankers. Shut the whole company down
One more reason for centralized planning.
They lose $80B and are still in business? That’s insane.
Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might
pay offfund other misadventures.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.
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.
Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao
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
they don’t learn either cause they dove head first into AI right after.
well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal
ohh bless their hearts.
i love this for them.
Darn shame, poor Zuck
Hilarious that this company is now named after a failed product. It would be like if Ford changed it’s name to Pinto.
Haha. I will remember that.
But I thought the whole line was “hOrIzOn WoRlDs iSnt the MeTaVeRsE.”
Followed by no explanation of what the metaverse is.
Finally it can be explained: 1) Dig a ditch, 2) Dump in $80B, 3) Light it on fire.
You didn’t slap the acronym AI anywhere on that, you’d only be able to burn 10B through your method.
1a) Buy $80B in crypto.
1b) Sell the crypto for $50B.Wait. But how will we starve the browns?
Of course by jacking up the energy and water prices, Watson!
For everyone who never tried it, they had honest to god paid employees in Horizon Worlds to help players get oriented. I cannot imagine a worse job.
The one I ran into was standing in front of some “game” experience that was like…jumping on tiles or some shit.
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.
I think that would end all poverty in the entire world
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
Where did the money go? Programmer salaries?
That’s a very good question. How do you spend $80billion?
Zuckerberg makes Brewster look like an amateur.
Those are still rookie numbers. Pete Hegseth just spent more than that on ribeye steaks and lobster tails.
Tax write offs. There’s no way they spent 80 billion, but they’ll claim 80 billion in tax deductions for the “loss”
Yes. And lawyers. And hardware manufacturing. And energy to run servers.
