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KingThrillgore ,
@KingThrillgore@lemmy.ml avatar

Oh that title is beautiful.

shininghero ,
@shininghero@pawb.social avatar

Facebook spends billions on a fake walled garden “metaverse”, and has nothing to show for it.
Meanwhile, Frooxius and his team developed Resonite (and its predecessor Neos), and both of them are far closer to being actual metaverse implementations, simply due to them being able to speak HTTP/Websocket/OSC to external user applications.

OsrsNeedsF2P ,

Meta’s AI division is under Reality Labs. A lot of this money is buying GPUs and training models: en.m.wikipedia.org/wiki/Reality_Labs

Churbleyimyam ,

Number go up until number go down.

It’s just investment bankers conning investment bankers out of other people’s money.

Its ok though - just make sure none of these people are playing with your pension or savings.

Nobody ,

Could it be that people don’t want to pay money to strap advertising machines on their faces? Has the robotic Augustus Caesar LARPer lost touch with the common people?

No, it is the plebeians that are wrong.

APassenger ,

He’s taking the territory early.

Others will be less willing to develop if they must compete with a loss-tolerant Meta with years (and billions of dollars) already invested.

I want VR and much of what he’s got people working on. I just don’t want it from them. Or Google. Or most tech bigs.

Boozilla ,
@Boozilla@lemmy.world avatar

You love to see it. Fuck the Zuck.

wewbull ,

And I assume all the shareholders were fine with this?

MudMan ,

For context, Meta reported 40 billion in revenue during that period, with 24Bn in expenses and made 13bn for the period. All those numbers are up from the same period last year.

So I'm gonna go with "probably, yeah".

stormesp ,

i mean, the main concern for most shareholders is the stock price, and meta stock price in the last 6 months has fone up 20% and 47% on the last year, im pretty sure most of them are happy as long as the bubble keeps going up

credo ,

I mean, that’s kinda circular isn’t it? Them being happy, being why the stock goes up.

stormesp ,

Thats debatable, he asked if shareholders were happy with meta burning billions, if the shareholders werent happy they would be looking for an out and making the stock price go down, them being fine with it makes it so buying stock becomes more expensive as people is holding and the value goes up.

flamingo_pinyata ,

Just how? What are they all doing there? According to the wiki Reality Labs have 17,000 employees. They didn’t create anything that a company of 1,000 couldn’t.

dinckelman ,

It’s a typical silicon valley situation. Half of those people are likely doing next to no work, and the management doesn’t even know who they are

baldingpudenda ,

Nonsense, management has setup meetings throughout the day so that the people that are actually working only get about an hour’s worth of actual work done

Timii ,

Yeah, something doesn’t add up. Even if all 17000 employees were paid $400k/year (I’d be shocked if this were the case) that would be ~1/3 this amount. I smell BS.

poVoq ,
@poVoq@slrpnk.net avatar

Another tax evasion scheme?

MajorHavoc ,

When the math doesn’t add up… I figure there’s money launderers in play.

But I won’t look for them too hard, as I have only risk and no reward from being the one to find them.

Alphane_Moon ,
@Alphane_Moon@lemmy.world avatar

$4.5 Billion loses in a single quarter! Where is all this money going?

PerogiBoi ,
@PerogiBoi@lemmy.ca avatar

Zuckerbergs lip filler.

OopsAllTwix ,

He really needs to buy some eyebrows.

SomeGuy69 ,
@SomeGuy69@lemmy.world avatar

Cocaine

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