this post was submitted on 16 Jan 2026
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[–] cley_faye@lemmy.world 10 points 11 hours ago (1 children)

I'm sure all the two people that were using it are devastated.

[–] JackbyDev@programming.dev 1 points 7 hours ago

Oh you KNOW I had to be the robot.

[–] Wispy2891@lemmy.world 5 points 11 hours ago

I can't imagine any single company licensing this stuff

[–] eletes@sh.itjust.works 1 points 10 hours ago* (last edited 10 hours ago) (1 children)

Palmer Luckey laughing his ass off while playing with his AR battle helmet

[–] mriormro@lemmy.zip 6 points 10 hours ago

Luckey can rot in a shallow grave.

Fuck all of these people.

[–] Blackmist@feddit.uk 4 points 15 hours ago

I can't think of many things worse than having to use a VR headset for work.

[–] Treczoks@lemmy.world 3 points 15 hours ago

I'm surprised that they are still trying to beat that dead horse at all. Haven't they burned billions on it already, without chances of returns?

[–] commander@lemmy.world 43 points 1 day ago (1 children)

Go Valve go. Screw Facebook/Meta, Google, Apple. I want the future of VR to be standard desktop Linux centric. The iOS/Android state of mobile is annoyingly restrictive compared to even Windows let alone desktop/server Linux

[–] QuandaleDingle@lemmy.world 22 points 1 day ago (1 children)

Watch Valve put Proton on phones. It's going to be incredible.

[–] Bongles@lemmy.zip 36 points 1 day ago (2 children)

One more piece of bad news for VR

VR is doing fine. It's a niche hobby for people like myself to feel like you're inside of a game, movie, or porn. If you're someone who does work on your own device, you can even work in VR.

The metaverse was a ridiculous idea, that is beaten by VRChat.

[–] Mwa@thelemmy.club 6 points 1 day ago
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[–] Passerby6497@lemmy.world 64 points 1 day ago

If they can burn a billion dollars on shit everyone else knew was a failure from day 1, they can pay a fucking reasonable tax rate

[–] ExLisper@lemmy.curiana.net 198 points 1 day ago (5 children)

If a company can dump $100B into failed project and still be profitable they have too much money. Jesus, imagine would would happen if this money went to the workers instead...

[–] JensSpahnpasta@feddit.org 165 points 1 day ago (2 children)

It's actually crazy that you can burn $100B in a project that everybody mocked from the beginnings and still be CEO after that while having earned billions in compensation

[–] Soup@lemmy.world 80 points 1 day ago (2 children)

Hell, it’s fucking insane that we have to earn our bonuses and they still fucking suck yet these people will get millions after fucking it all up. Imagine if a regular worker failed this hard and was like “so where’s my $15,000 Christmas bonus?”

[–] SeductiveTortoise@piefed.social 29 points 1 day ago (4 children)

I didn't fuck up and only got a tenth of that.

[–] TheEEEdiot@sh.itjust.works 35 points 1 day ago

You guys are getting Christmas bonuses?

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[–] Alpha71@lemmy.world 6 points 1 day ago

this is what's called "holding a controlling interest."

[–] 9488fcea02a9@sh.itjust.works 27 points 1 day ago (3 children)

imagine would would happen if this money went to the workers instead...

where do you think the money went? I imagine a lot of it went to workers salaries....

[sweating profusely] Developers! Developers! Developers! Developers! Developers!

[–] MajorasMaskForever@lemmy.world 6 points 1 day ago (1 children)

I hope this meme never dies, but I fear it's already reaching obscurity

[–] 9488fcea02a9@sh.itjust.works 6 points 1 day ago* (last edited 1 day ago)

I only learned about it 3 weeks ago... trying to keep it alive

I'M DOING MY PART

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[–] RIotingPacifist@lemmy.world 66 points 1 day ago (1 children)

I guess the idea just didn't have legs!

[–] WanderWisley@lemmy.world 66 points 1 day ago (4 children)

Over $100 billion down the toilet and zuck is still one of the richest people in the world wtf?

[–] hector@lemmy.today 12 points 1 day ago (2 children)

100 billion must be in lost market capitalization, not real money, just like tesla is theoretically worth a trillion dollars, no one could recognize that money.

[–] jj4211@lemmy.world 12 points 1 day ago (1 children)

100 billion is a touch higher than I've read elsewhere, but evidently they actually spent $77 billion 'real' dollars:

https://finance.yahoo.com/news/mark-zuckerberg-threw-77-billion-143014208.html

[–] hector@lemmy.today 6 points 1 day ago (1 children)

Good god I figured it must have been wrong as it's such a large amount of money. I wonder how much of that they borrowed and how much they paid in cash. They might be paying astronomical interest payments on all of that.

Just goes to show how we have all the wrong people in charge in the west, at every level from government to business from the ceo on down to middle managers. Zuck is case and point. Well, as someone else posted, this article about their failure has legs. Unlike his stupid metaverse, that no one seemed even slightly interested in from the start.

[–] jj4211@lemmy.world 10 points 1 day ago (1 children)

Yeah, they bought a modest, niche product with a likely viable business case, and then bet they could make it an everyman's device for all their socializing and experiencing events like sports and music....

The people that actually wanted the device got to take a back seat to them chasing non-existent markets for it... Their aspirations so impossibly high that a niche device could no longer justify itself against the money spent chasing that non-existant market.. So something that should have been for some VR nerds to be happy and sustain the business while the rest of the world shrugs and say 'I don't get it' becomes an 'Obviously this is a failure of a concept and no one should bother doing this'.

[–] hector@lemmy.today 8 points 1 day ago

Classic case of yes men-ism. Everyone around zuck tells him he's the greatest, smartest, infallible. He likely removed anyone from his life that was willing to tell him he was wrong. He is making money hand over fist, and believes it, he's special, the laser light of all knowledge shines out of his ass, don't look directly at it or you can go blind. So he gets an idea, tells his people how he thinks everyone could get into it, they all heartily agree, what a great idea zuck!

I bet if anyone did tell him it wasn't, he fired or removed them from his life, and still hasn't apologized or made amends about it too, and instead doesn't hold any sort of grudge against the people that told him he was right despite knowing better and being too craven to tell the truth.

[–] Rooster326@programming.dev 6 points 1 day ago

Bruh they definitely spent real money on developers and marketing.

[–] Gonzako@lemmy.world 23 points 1 day ago (1 children)

The US economy has devolved from an economy where you gain money by making and selling things to an economy where investing in the stock market and then taking out loans on that stock to keep investing is a better way to keep making money. When was the last time someone rich became poor?

[–] hector@lemmy.today 13 points 1 day ago (2 children)

That is one of the ways they avoid taxes. They take out loans to pay old loans and to spend on the value of their investments at good rates, and since they never realize income they never pay taxes. I think interest is even tax deductible to a degree.

Bezos in 2020, a year his wealth multiplied obscenely, paid 600 dollars. Less than we did.

As per a couple of propublica articles they published around 2021.

[–] Gonzako@lemmy.world 6 points 1 day ago

Dang, I pay more in taxes in a single paycheck than bezos did in a year.

[–] Balldowern@lemmy.zip 15 points 1 day ago

Trillion is the new Billion.

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[–] monad@anarchist.nexus 56 points 1 day ago* (last edited 1 day ago) (11 children)

Great News!

Nobody should use or support anything Meta. As a matter if principle.

[–] clutchtwopointzero@lemmy.world 29 points 1 day ago (9 children)

The whole concept was dead on arrival. Second Life never took off and it was perplexing to see that Meta thought it could make it work.

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[–] db0@lemmy.dbzer0.com 81 points 1 day ago

Lol at all the companies who got rugpulled again because they trusted Zuck's promises. Get rekt bozos.

[–] Maeve@kbin.earth 51 points 1 day ago (1 children)
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[–] Voroxpete@sh.itjust.works 33 points 1 day ago

But what about the zero people who used it? Whatever will they do?

[–] resipsaloquitur@lemmy.world 13 points 1 day ago

Don’t worry. The billions Zuck dumped into crypto and NFTs will pay for the billions he dumped into VR.

He’s a genius, dontchaknow.

[–] Diplomjodler3@lemmy.world 27 points 1 day ago

But this time it will be totally different! They'll learn to love our AI slop! Trust me, bro!

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