Zuckerberg and company talked up another supposed tech revolution four short years ago.

Zuckerberg and company talked up another supposed tech revolution four short years ago.

  • Fubarberry@sopuli.xyzEnglish
    16·
    2 days ago

    The tech industry is all about growth. For better or worse facebook has basically grown to it’s max size, and it’s unrealistic to expect any significant growth there. Zuck is trying to sell investors and shareholders on the idea that Meta is going to be at the center of the next massive thing. Some years ago he thought it was going to be VR, and it’s completely unsurprising that he now thinks it’s going to be AI (unsurprising because every other tech company thinks the same thing).

  • WeirdyBeansAt@lemmy.zipEnglish
    11·
    2 days ago

    LOL I still can’t believe that they were trying to sell MiiVerse within a headset as the future of communication; Where you could buy Tamadochi Life looking homes for thousands of real USD.

    • wise_pancake@lemmy.caEnglish
      7·
      2 days ago

      Basically a Zuckerberg read or watched Ready Player One and decided he wanted to own that.

      They have put a ridiculous amount of R&D into it at this point but the whole metaverse idea doesn’t actually enable anything new or better than the existing paradigms.

      • jjjalljs@ttrpg.networkEnglish
        1·
        2 days ago

        He probably read Snow Crash (or maybe an AI summary, because he is a soulless husk) and thought it was super cool. It’s a dystopia. The book is not aspirational.

    • But_my_mom_says_im_cool@lemmy.worldEnglish
      3·
      2 days ago

      Metaverse has cost 65 billion so far. That’s the cost of making red dead redemption 2, 130 times. And it looks like a garbage version of miiverse . Who even uses it? What is the purpose? 700 million people use it according to meta

      • jjjalljs@ttrpg.networkEnglish
        3·
        2 days ago

        I’m pretty sure you could really make a dent in the housing crisis, transit problems, food insecurity, any other real life problem of your choosing, with that kind of money. The fact that they blew it on “the metaverse” should be a crime

      • LiveLM@lemmy.zipEnglish
        1·
        2 days ago

        And if Facebook spent that money funding AAA VR games for their headset instead of their shitty VRChat clone maybe they’d have reached the userbase target they’re so desperately chasing

  • RobotZap10000@feddit.nlEnglish
    8·
    2 days ago

    I fear for the next giant, steaming hot turd that Silicon Valley will shit out next to keep the growth story going. The only thing that grows forever is cancer. I can only hope when the AI bubble pops, which would be foolish to think that it won’t, the vulture capitalists will be holding the bag so hard, that they will entirely give up on the fairy tale that the tech industry isn’t mature. Since it won’t grow forever anymore, the stock price will crater and the employees that were paid in it will be shit out of luck.