In news you can file under 'painfully predictable,' Meta spent another quarter burning through the GDP of a small nation in a bid to birth the metaverse.

What the hell are they even spending all this money on when they don’t have much to show for it?

  • shininghero@pawb.socialEnglish
    1·
    1 year ago

    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.

    • stormesp@lemm.eeEnglish
      0·
      1 year ago

      i mean, the main concern for most shareholders is the stock price, and meta stock price in the last 6 months has gone 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@lemmy.worldEnglish
        0·
        1 year ago

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

        • stormesp@lemm.eeEnglish
          01·
          1 year ago

          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.