• UnspecificGravity@piefed.socialEnglish
    2 months

    Hilarious that this company is now named after a failed product. It would be like if Ford changed it’s name to Pinto.

  • NewOldGuard@lemmy.mlEnglish
    2 months

    Can’t believe they really rebranded around this shit when we all knew it was a nonsense non-concept five years ago, lmao

    • Scrubbles@poptalk.scrubbles.techEnglish
      2 months

      This should be taught in MBA and finance classes for how Bros get caught up in a hype cycle and how it’s all bullshit

      • Pika@sh.itjust.worksEnglish
        2 months

        they don’t learn either cause they dove head first into AI right after.

    • sakuraba@lemmy.ml
      2 months

      well we need to remember they changed their name to meta after zucc went to the senate due to the Cambridge Analytica scandal

    • Botzo@lemmy.world
      2 months

      Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might pay off fund other misadventures.

    • Thunderbird4@lemmy.world
      2 months

      Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.

      • timbuck2themoon@sh.itjust.worksEnglish
        2 months

        Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.

  • neukenindekeuken@sh.itjust.works
    2 months

    They could have cured homelessness 4x over. But instead we got crappy little Zuck-like avatars and an ecosystem nobody ever asked for or wanted.

    Fuck this world man.

  • ch00f@lemmy.world
    2 months

    For everyone who never tried it, they had honest to god paid employees in Horizon Worlds to help players get oriented. I cannot imagine a worse job.

    The one I ran into was standing in front of some “game” experience that was like…jumping on tiles or some shit.

  • ChicoSuave@lemmy.world
    2 months

    Buying real estate in the Metaverse used to be compared to buying land on the moon. But Zuck can’t turn off the moon, so it’s arguably a better investment.

    • wewbull@feddit.ukEnglish
      2 months

      He could have paid you $40B for that advice and still be better off.

  • ch00f@lemmy.world
    2 months

    But I thought the whole line was “hOrIzOn WoRlDs iSnt the MeTaVeRsE.”

    Followed by no explanation of what the metaverse is.

  • sakuraba@lemmy.ml
    2 months

    remember 6 years ago when everyone was saying ‘learn to code’?

    now what?

    • titanicx@lemmy.zip
      2 months

      Back to physical hardware, installation, troubleshooting. Been doing that as my focus for years. I’m so busy I turn down work.

      • sakuraba@lemmy.ml
        2 months

        yeah looks like this is the way now, people are not buying new hardware

    • TwilitSky@lemmy.world
      2 months

      There really should be consequences for top leadership when even 1% of the company has to go. I’m a businessperson. When you lay off a bunch of people it’s not because you suddenly discovered smarter ways to work in your industry.

      95% of the time, It’s because you planned poorly. 5% of the time, events that could not have been planned for derail things.

      If the workers have to suffer consequences for the organization to survive, fine. Take out the leadership who sent the company down the tubes with their orders in the first place.