Technology

Good god I figured it must have been wrong as it's such a large amount of money. I wonder how much of that they borrowed and how much they paid in cash. They might be paying astronomical interest payments on all of that.

Just goes to show how we have all the wrong people in charge in the west, at every level from government to business from the ceo on down to middle managers. Zuck is case and point. Well, as someone else posted, this article about their failure has legs. Unlike his stupid metaverse, that no one seemed even slightly interested in from the start.

Dang, I pay more in taxes in a single paycheck than bezos did in a year.

I didn't fuck up and only got a tenth of that.

My understanding is that Facebook's culture is very cutthroat. Throw other people under the bus, try to make your rivals' project fail, do a huge unnecessary refactor to "make a name" for yourself, that sort of stuff.

i guess, but it woulf require the least likely people to adopt a new and expensive technology. think about how long it took for the older generations to catch on to the internet and smart phones. they may be glued together now but it took 20 years and every single other person on earth getting one to make it happen.

warcraft for your lonely aunt is a fine idea. making that vr was poorly conceived. it would have to work on a phone AND be more compelling than just taking on call or text.

but also, the early adopter types that are more or less necessary to get something like this off three ground were never going to like it. that's us. you can't create a new tech market segment that wasn't explicitly asked for without at least considering the nerds. meta has negative trust among nerds. we all saw this as the marketing and data collection tool that it is meant to be.

it was never going to happen. at least until they have full control of all of our devices and platforms and can just say we need it to continue existing in society now. that or b2b contracts are the only ways i could see this ever taking off. it would take some serious marketing voodoo bullshit to convince any sizable businesses that this would increase profits.

Games have something to do with socialization as an extra benefit.

The meta shit was conceived of as 3d advertising with socialization as an extra benefit.

I think you might need a reality check. Facebook has 3 b-b-billion monthly active users. It's the most used social media platform in the world, by a large margin. Followed in second way behind by Instagram, Meta's other social platform. So it doesn't suck enough for those people to quit using it.