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).
this post was submitted on 03 Jul 2025
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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.
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.
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.
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
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
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
They could have funded Valve to make more VR games.
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.
Why does Meta want to achieve an ASI and not an AGI as most of its rivals propose?