Four years in, Meta has burned through $45 billion chasing its metaverse dream
Four years in, Meta has burned through $45 billion chasing its metaverse dream
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8 comments
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This is how you know that polemics about "free markets" and competition require a critical eye. One would think that in a truly competitive market there would be no profits to fund a $45 billion passion project of the CEO,
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I for one am somewhat of the opposite view, to a degree anyway. I think we need more money spent on passion projects like that, since it means the money is actually cycling back into the economy instead of just being hoarded like a dragon's hoard. I agree that in an ideal world there wouldn't be billionaires at all to do this kind of thing, but in this case at least I think it's a good thing the money is actually being spent (theoretically).
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Jfc metaverse is still a thing?!
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Still not a thing
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8 comments
Just imagine if they spent the money on feeding the poor or tackling global warming instead.
Well no thats not possible because [insert one of three stupid ass koolaid guzzling excuses here]. The orphan crushing machine demands innovation don't you see.
If you live in a virtual world you can pretend the orphan crushing machine doesn't exist.
We need to pour that money into tech innovation to produce a faster and more efficient orphan crushing machine. A faster machine means each crushed orphan suffers for slightly less time. All my effective altruist friends agree