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I wonder how much Meta wrote off with their Metaverse adventure
by raverbashing 8mo ago
I wonder how much Meta wrote off with their Metaverse adventure
- rwmj 8mo agoIf it wasn't every last penny of their spend then they weren't being honest with themselves.
- Nevermark 8mo agoWell that was a 100% certifiably genuine ridiculous loss. It is interesting how corporations develop personalities, that can do some things well but reliably fail at others. No matter the funding, personnel or efforts. And in this case, by developing a personality I mean enabling Zuck.
- loeg 8mo agoAbout $16 billion a year, every year since 2022 or whatever. You can see RL spending in their public financials. Every company deducts ("writes off") R&D spending.