this post was submitted on 26 Jul 2023
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LOL
Master class in destroying a product line.
Can't tell who is more clueless, Zuck or Musk? They both seem to be hell bent on ruining their own companies.
The one thing I am excited about is eventually seeing Meta cancel their entire Quest division and clearing-out all these VR devices for pennies on the dollar. At which point I would expect some enterprising hackers find a way to run them off a regular PC without needing them to phone-home all the time.
The whole metaverse shtick was ridiculous. Nobody asked for it, and yet they spent billions promoting it anyway
Meta has revenue of over $100B. So even if they flushed $10B down the drain on this stuff (10-15% of revenue on R&D), that would be right in-line with industry standards. What's what you can do when you have such a ridiculous amount of money.