Current Events > meta has lost BILLIONS

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AceMos
07/28/22 11:09:29 PM
#1:


https://venturebeat.com/2022/07/27/meta-reports-q2-operating-loss-of-2-8b-for-its-metaverse-division/amp/

HAHA

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Kloe_Rinz
07/28/22 11:10:18 PM
#2:


But VR Walmart was the future :( its literally only millennials who hated it
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#3
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Returning_CEmen
07/28/22 11:12:02 PM
#4:


[LFAQs-redacted-quote]

And the elderly who invested in it

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Smashingpmkns
07/28/22 11:12:10 PM
#5:


Bad news for VR, good news for everyone else tho.

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wackyteen
07/28/22 11:12:20 PM
#6:


What is investing and how does it work?

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Jerry_Hellyeah
07/28/22 11:12:28 PM
#7:


[LFAQs-redacted-quote]


Rich people seemed to be the ones losing their shit about the metaverse taking over reality, and other imagined sleights.

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apocalyptic_4
07/28/22 11:14:47 PM
#8:


Why laugh at companies at least attempting to push technology?


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Tyranthraxus
07/28/22 11:16:25 PM
#9:


Kloe_Rinz posted...
But VR Walmart was the future :( its literally only millennials who hated it
Old people don't use VR. Millennials don't like meta. Gen Z literally just doesn't even use FB. Meta is a dumpster fire.

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Cleo_II
07/28/22 11:16:46 PM
#10:


Good. Im all for the metaverse but not by them.
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AbCdEfGhIJkLmNo
07/28/22 11:17:52 PM
#11:


Just a drop in the bucket though
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Pepys_Monster
07/28/22 11:18:26 PM
#12:


Zuckerberg: "It isn't fair! I'm Mark Zuckerberg. I bought Instagram! Why is everything I do a failure?"

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Nukazie
07/28/22 11:20:33 PM
#13:


i'd be so happy if those billions somehow slipped into my pockets

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AngelsNAirwav3s
07/28/22 11:21:44 PM
#14:


You dont pay taxes if you lose money at least

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ShineboxPhil
07/28/22 11:22:17 PM
#15:


Uh oh. What will lizard man do now?

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wackyteen
07/28/22 11:24:41 PM
#16:


apocalyptic_4 posted...
Why laugh at companies at least attempting to push technology?
It isn't even incompetence.

They don't expect to make money on VR yet. If it happened, they'd be happy but they know they're not likely to make money.

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Jiek_Fafn
07/28/22 11:25:50 PM
#17:


Just make it about porn you idiots.

Imagine a world where you put on your headset and flesh light and go fuck a stranger in meta who can look like anyone you want. They don't even need to be real. You can go fuck an AI hoebot.

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Turtlebread
07/28/22 11:27:43 PM
#18:


Have they really lost anything if only accountants notice

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RlP
07/28/22 11:29:11 PM
#19:


I dont have any strong opinions in favor or against Facebook/Meta but I do want VR to succeed. It is pretty neat but still needs more investment to make it widely available so this is bad news =(

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wackyteen
07/28/22 11:34:42 PM
#20:


RlP posted...
I dont have any strong opinions in favor or against Facebook/Meta but I do want VR to succeed. It is pretty neat but still needs more investment to make it widely available so this is bad news =(
It can actually be seen as good news, if you don't mind Meta laying the groundwork. Good news that they're willing to invest that much money, even at a loss, into VR.

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apocalyptic_4
07/28/22 11:48:14 PM
#21:


wackyteen posted...
It isn't even incompetence.

They don't expect to make money on VR yet. If it happened, they'd be happy but they know they're not likely to make money.

My impression is the tech was for exploring the possibilities of VR applications like a vr Facebook or whatever.

I mean I understand hating on corporations it's just this has no negative impact on consumers at all. the only folly of this was bad timing with a possible recession ahead, Weird thing to be happy about tbh.

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AceMos
07/29/22 12:08:38 AM
#22:


the metaverse is not even a thing its just a buzzword there is nothing unique about what they are pushing its all stuff that has existed for years

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Kloe_Rinz
07/29/22 12:19:22 AM
#23:


AceMos posted...
the metaverse is not even a thing its just a buzzword there is nothing unique about what they are pushing its all stuff that has existed for years
What about VR wallmart though thats way better than a website. The internet is for boomers
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MC_BatCommander
07/29/22 12:20:00 AM
#24:


How has this thing managed to cost so much money, jeez

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DD_Divine
07/29/22 12:22:46 AM
#25:


Why lose billions when you could lose.millions

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