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Meta is shutting down Metaverse. They spent 85B dollars on it
- flw_0311 7mo agodidn't they rename the company to Meta because of their investment in Metaverse.... what will the company rename itself to next?
- GeoSys 7mo agoOn to the next hype ...
- makeitrain 7mo agoAI generated content and chat bots.
- GeoSys 7mo agoNext a rename to SlopBook ...
- wduquette 7mo agoThey won't rename themselves again. They're um, "beyond" that.
- pfannkuchen 7mo agoIf they wanted to broaden their brand association beyond the legacy product they should have dropped “book” to become Face. A bit of a stranger name than Meta I guess but it’s more historically explainable and doesn’t tie it to any specific new product that could fail.
- nchmy 7mo agoFace would be an absolutely awful name. Though, interestingly, that's what people in (at least some) Latin American countries (inexplicably) call Facebook.
- pfannkuchen 7mo agoWhy would Face be an awful name? To me it feels similar to “Apple”, which might also sound like a stupid name for a computer company if it wasn’t established already.
- glenstein 7mo agoI think they actually renamed to avoid anti-trust by attempting to shift the company's identity away from social media monopoly. If you're perceived as pointless and weird (and actually are), it's much better than being perceived as a monopoly which is the target of bipartisan effort to be dismantled. I think they took a boutique idea that had no legs and leaned into it because it also happened to be complementary to a strategy to escape the anti-trust heat.
- throw03172019 7mo agoFacebook -> Meta -> AIBook -> ??????
- urbandw311er 7mo agoAre they? I thought they were moving the access to it to be solely via their app or something like that
- xg15 7mo agoI wasn't following the project very closely and so might have missed something - but could someone explain what happened there and where all those billions went? The idea of an immersive, persistent, multi-user virtual reality is not exactly a new one and we've had several mature implementations over the years - VRChat, Second Life, in some sense most MMOs, etc. Compared to that, all the impressions of the "Metaverse" that made some larger rounds in the press looked more like the prototype of a WiiFit knockoff. And that for 85B? Did they do some significant research/development in other problem areas that are less visible than the graphics? Or what was going on there?
- al2o3cr 7mo ago[dead]
- cat-turner 7mo agoRestore Facebook.
- AbstractH24 7mo agoMake Facebook Again Great!
- renegade-otter 7mo agoLaunch Facebook into the Sun.
- furryrain 7mo agoTech sentiment around 2022 was time was Zuckerberg was a good leader for actually setting a clear direction for his company. I'm not sure what to conclude from this.
- pseudohadamard 7mo agoIt was? I've always thought he's just someone who will say anything to protect his stock price and... yeah, and that's about it.
- metalman 7mo agoit was so bad that they couldn't even get anybody to form negative opinions about it
- ChrisArchitect 7mo agoRelated: Meta will shut down VR Horizon Worlds access June 15 https://news.ycombinator.com/item?id=47427214 https://news.ycombinator.com/item?id=47427214 Meta Horizon Worlds on Meta Quest is being discontinued https://news.ycombinator.com/item?id=47416940 https://news.ycombinator.com/item?id=47416940
- renegade-otter 7mo agoThey renamed the whole company after this...