Here’s an interesting analysis from the BBC
They’ve lost $21 billion on this nonsense so far - in ONE YEAR!
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Remember the metaverse?
For a while it dominated tech news. A virtual reality world that would be so immersive, so engaging, that we would want to spend part of our lives in it.
Driving the metaverse narrative was Mark Zuckerberg.
The tech billionaire was so committed that in October 2021 he changed Facebook’s name to Meta.
...
Reality Labs - which as the name suggests is Meta’s virtual and augmented reality branch - has lost a staggering $21 billion since last year.
Part of the losses reflect long-term investment. Meta wasn’t expecting short-term returns. But the worrying fact for the company is that, so far, there is very little evidence that this enormous punt will work.
https://www.bbc.co.uk/news/technology-66913551
someone with $$ should snap up the “Facebook” name unless zuckerberg still has control of it