Post #1802759

2026-01-16 20:17 UTC

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.

Replies (1)

@jj4211@lemmy.world 2026-01-16 21:38

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'.

Open ##1802760