Facebook Has Lost $1 Billion Every Month On VR Since June 2022
Facebook Has Lost $1 Billion Every Month On VR Since June 2022
Meta has lost over $45 billion on virtual reality and the metaverse since 2020
Because the metaverse is a stupid idea. Reminds me of that 3d web browser protocol that came out in the 90s. where you had to naviagte 3d paths to go to the next link, like walking to street signs.
64The metaverse already exists, imo. It just isn't called that and doesn't belong to zuck. It's all the multi-user VR experiences that exist today.
41Indeed, that is what is so baffling for me. It is called, marketed and perceived as something very different. It is Second Life, World of Warcraft and Final Fantasy XIV and others. You have a certain core in which the audience is interested in and then social constructs form around them. These modern Metaverse things try to skip the entire core part, but then it just becomes a chat app.
22Multiverse already exists, it's called VRchat
12I mean the Mii like characters where Meta thinks we will enjoy that for office meetings
12
I remember that shit, it was kind of neat but functionally pretty stupid.
11What's the protocol called?
6I think it was VRML.
8https://markpescecodex.com/2019/02/03/twenty-five-years-ago-today-vrml/
Somebody still runs a demo site setup for it, I'm trying to find a link.
2
I don't know, I will never use it but it's quite cool that this much money is being poured into VR development. I prefer to think of it as the money being spent rather than hoarded, and I'm definitely fine with that.
28Except that Facebook is spending a lot of it on getting their screen in front of as many eyeballs as they can.
Watching the Zuck salivate at the advertising implications of the pseudo mind reading capabilities that gaze tracking might bring is creepy as fuck.
30It has a lot of neat experiences that many people don't know about.
For instance, the first thing I did with my VR rig when I got it last November was experience a VR documentary where I was on a British bomber flying over Berlin during WWII.
Then I took a White House tour with the Obamas.
VR's neat. FB just kind of sucks at it.
14
What blows my mind is that they completely squandered the opportunity that COVID provided for VR education. They could have, and imo should have, given away their hardware to every school/student and then created immersive education software that they could charge the schools for. Imagine learning Magic School Bus style... Chemistry and biology from the point of view of a molecule, travel the universe, be present at major historical events, or just take a walk around ancient Rome to see how they lived. They could have gotten a whole generation hooked on their system... Kinda like Apple did in the 90s. If they want the "metaverse" to work, they need to build an infrastructure that allows users to build their own stuff. Like just make a "city" but allow users to fill it with their own buildings, bars, houses, virtual work places, etc
25Good!
18It is. It's just sad when you think about what other things vould've been accomplished with 1billion dollars a month for 2 years straight. It's america so probably more wars, but still.
13On top of making sure everyone is housed, healthy, and fed, nuclear fusion energy instead of nuclear fission would be really, really nice.
11
Jesus wept!
16That sucks, but got my kids some cheap quest 2 sets and they're loving them. I even use them from time to time, and can't beat that price.
I'm fine with meta losing billions for my kids to have a decent experience.
15What do they do with them?
2Games with their friends.
5VR is fun as entertainment (games)
2
The Metaverse was always a distraction from its involvement in Cambridge Analytica, and the questions raised around privacy and election interference/influence. It was never going to be a thing, and anyone that didn't have their head up their arse could've told you that.
Zuck isn't an idiot, but he knew many others were.
14Zuck isn’t an idiot
Nah, he definitely is.
He's just lucky & well connected.
14I’m just frustrated that the whole Cambridge Analytica thing didn’t end up having any real consequences for anyone involved. Not surprised, but definitely frustrated.
10
Nice!
It's the little things that make your day.11They lost how much?! How the hell are they losing 1 billion a month and not filling for bankruptcy?!
8You really should look up how much Meta makes per quarter. They're doing the equivalent of setting aside a budget for hobbies.
15
Good.
4Not enough
4Meta drove me out of vr. Still quite bitter about it.
4The thing that kept me attached to VR was Echo. Guess what they did to one of my literal favorite games
3
But…what is it doing?
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2You are being downvoted but I think you have a very valid point. It’s not like VR isn’t going to happen though, it just not going mainstream, not at least until technology advances enough to make the whole VR hardware as inconspicuous as a smartphone or smartwatch. And we are decades away from that happening.
1Permanently Deleted
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