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Metaverse hype fizzles out as Korean tech giants pull plug
(koreajoongangdaily.joins.com)
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this post was submitted on 24 Dec 2024
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I have no proof but also no doubts that the whole metaverse think was just a way for the Zuremborg Lizard Boy to sink a lot of money so his company had to pay less taxes.
He pushed it after he got called out by congress. So he probably thought, my billonaire company is going to have a lot of losses on this useless shit and you are not going to see my money.
I reckon it's simpler than that. Zuckerberg has never really invented anything novel; Facebook was a straight clone of a whole bunch of competing social media sites (which just so happened to win the numbers war), and WhatsApp and Instagram were both acquisitions.
I think the Metaverse was Zuckerberg trying to prove to himself and others that he and he personally could come up with the "next big thing". The fact that he came up with something which absolutely no-one wanted (and most people barely understood) is a testament to why he never came up with anything ground breaking before, too.
Except for the payroll tax and the thousands of people it employees who also brought things.
Better Zucc waisting it on jobs than moving it to Panama and never seeing it again.
But, yes it should have been taxed regardless.
Actually you should still tax Meta. It's not too late