this post was submitted on 26 Jul 2023
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The whole metaverse shtick was ridiculous. Nobody asked for it, and yet they spent billions promoting it anyway
Meta has revenue of over $100B. So even if they flushed $10B down the drain on this stuff (10-15% of revenue on R&D), that would be right in-line with industry standards. What's what you can do when you have such a ridiculous amount of money.