Post
Topic
Board Economics
Re: Meta has burned $15 billion trying to build the metaverse
by
Mauser
on 16/10/2022, 07:29:40 UTC

I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.



I thought so myself, this metaverse project makes no sense at all. Why would anybody use it in the first place? Even if everybody had a VR setup at home, would you really be using the Zuckerberg metaverse or a different company? I am pretty sure there is no way he is going to turn the project around. So much money invested in that project and nothing to show for, the graphics are bad and there are no active users. At this point it would make sense to abandon the project and write it off, maybe get some tax benefits for failed developments. It's one thing to not have enough VR setups with customers, another thing is the brand name of Zuckerberg. I don't think there will be another success company like Facebook it its good days now from Zuckerberg. Many customers are very sceptical when it comes to another social media experience from Zuckerberg.