So are they going to rename the company? I like it being named after their biggest failure. Shows their character.
this post was submitted on 25 Mar 2026
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well, they used to be named after a social media platform that was the site where they accidentally enabled a genocide so...
I hope Valve’s Steam Frame is the last nail in their coffin. Unlike the Meta Quest, which is a locked down, privacy nightmare and the Miiverse that is beyond pointless, Valve has actually innovated in this space. Also, devices purchased from Valve actually belong to you and you can do whatever you want with them.
What did that money even go to
Those AI glasses with video cameras that some rich assholes are wearing around all over the place now.
That number is extremely misleading. That's the total investment in reality labs division in meta since becoming meta. So all of oculus, the AR/XR research and developments that they've done and more. It's not super fair (I dislike meta, just to be clear) to phrase that number in a way that sounds like all of that money went to horizon worlds (the app they said was shutting down but instead is being continued just primarily as mobile only and now with vr grandfathered in) as that was one of the smallest things reality labs were doing. Reality labs are still around and doing a lot with that previous investment technology for AR/XR glasses.
That's the long and short of that figure. Hope this helps : )
Also the zero added to inflate the number .00
They made a virtual world called Second Life! Oh. Shit. Time is all back and forth since I abandoned my physical form to a sweaty nest
My guess: It's been MLM all along. If you, as an investor, were late to the party, your money is all gone now. If you were early, and especially if your last name is Zuckerberg, you own it now.
Basically recreated a shitty version of computers from The Lawnmower Man.
Crypto Luigi now has to find a new grift.
truly tragic.
okay but can someone go back a few steps and explain what the metaverse even is?
It's a more corporate second life, basically a version of VR Chat no one used
So, the term predates Meta the company, it more or less means the web, but interacted with through virtual avatars, generally with the implication that its in vr as well. So, imagine for example that you want to do online shopping, and instead of going to whatever retailers website, you play a vr video game, walk into a "shopping mall" in the game world, and do the online shopping in a way that superficially resembles in person shopping. Or, say you're talking to friends like one might with discord or similar, instead of using that flat screen app, you'd meet them in that same vr game and talk there, with the added bonus of being able to see their avatar and maybe get a limited amount of body language as well.
Its often come to just refer to Meta's attempt to build the concept at this point, which as been unpopular for any number of reasons (for one, despite sounding more high tech and "cool", it can take more time and be less convenient to move around a simulated space than just opening a flat webpage or app would be, and for another, there exist other platforms for the socialization aspect of this, like VRChat, and Meta's version didn't have the same degree of customization or that place's network of existing users, so the people actually in the market for this kind of thing didn't have a reason to switch).
To add to this: the guy in the meme didn't buy "land" in Meta's metaverse (you can't do that). He bought "land" on an app called Atlas Earth. The two are not connected. That's one of the funny things, none of these "metaverses" are connected. Atlas earth is still around (somehow).
The term doesn't just predate Meta; it originated in Neal Stephenson's cyberpunk novel Snow Crash in 1992.