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Posted on 12/06/2025 11:58:06 AM PST by PJ-Comix
In October 2021, Facebook CEO Mark Zuckerberg revealed that his social media empire was officially rebranding itself as “Meta” as part of a sweeping company-wide doubling down on virtual reality tech.
The head-scratching pivot has been nothing short of a disaster ever since, from blocky “Horizon Worlds” online environments filled with screeching children to never-ending rounds of layoffs and exorbitant losses.
All told, the company has lost more than $70 billion since the beginning of 2021 on its enormous long-term VR bet, a staggering sum that has left investors itchy and unimpressed as Zuckerberg has failed to convince the public of the high-fidelity virtual spaces he long insisted we’d be choosing to spend most of our time in.
Now, as Bloomberg reports, the company’s executives are eying gigantic budget cuts, as high as 30 percent, for the teams responsible for its Meta Horizon Worlds product and Quest VR headset — another nail in the coffin for Zuckerberg’s obsession that has been a major thorn in the sides of investors for years now. Layoffs could start as soon as January, but final decisions have yet to be made.
(Excerpt) Read more at futurism.com ...
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If only the Facebook CEO could lose face.
I think Gates got a divorce because Melinda found out he was boinking underaged girls on Epstein island. Of course, I could be wrong. But it certainly would explain a lot.
I’m sorry, maybe I’m just complaining..
Zuck was right but for a different time. In 50 years we’ll have the technology to upport the idea.
His biggest failure was getting legally married, to a Chinese graduate of CCP "party school" Harvard no less. What was he thinking? Somebody: remove his belt and the shoelaces from his shoes.
,,, I’m sorry, I’m probably too insensitive. I’ve always used standard eMAIL and attached photos when required and as of today that’s worked just fine for me. I’ve thought that Facebook was more for those who want an audience and I’m also dubious of where all the posts go and who has access to them. If it works for you, wonderful.
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