this post was submitted on 05 Dec 2025
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41
Meta to cut up to 30% of metaverse budget, Bloomberg News reports (www.channelnewsasia.com)
submitted 6 hours ago by schizoidman@lemmy.zip to c/technology@lemmy.world
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[–] rizzothesmall@sh.itjust.works 1 points 1 hour ago

Metaverse still exists?

[–] Voroxpete@sh.itjust.works 30 points 5 hours ago (1 children)

There's still a metaverse budget?

[–] MrNesser@lemmy.world 10 points 5 hours ago (1 children)

Sunk cost at this point lots of large companies bought space when it was "launching"

[–] WhatAmLemmy@lemmy.world 1 points 4 hours ago* (last edited 4 hours ago) (1 children)

Imagine how much value would have been created if the several hundreds of billion spent on the shitty VR sims went to wages, or taxes, or healthcare.

But no. We should all marvel at the efficiency of the oligarchy!

[–] Voroxpete@sh.itjust.works 2 points 1 hour ago

It's actually insane to think about what could have been accomplished with the capital investment that has collectively gone into generative AI, public ledger blockchain, and metaverse VR projects. IIRC its over a trillion dollars. There are credible plans for more or less ending world hunger for under ten billion. Yeah, those plans come with a ton of asterixes, but the point is, if that's what ten gets you, imagine what you could do with a hundred billion? Now think about what a trillion could do. It's honestly sickening.