this post was submitted on 16 Jan 2026
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[–] commander@lemmy.world 22 points 6 hours ago (1 children)

Go Valve go. Screw Facebook/Meta, Google, Apple. I want the future of VR to be standard desktop Linux centric. The iOS/Android state of mobile is annoyingly restrictive compared to even Windows let alone desktop/server Linux

[–] QuandaleDingle@lemmy.world 12 points 5 hours ago

Watch Valve put Proton on phones. It's going to be incredible.

[–] Bongles@lemmy.zip 23 points 7 hours ago (2 children)

One more piece of bad news for VR

VR is doing fine. It's a niche hobby for people like myself to feel like you're inside of a game, movie, or porn. If you're someone who does work on your own device, you can even work in VR.

The metaverse was a ridiculous idea, that is beaten by VRChat.

[–] Maeve@kbin.earth 1 points 2 hours ago

For some reason, your comment made me think of https://m.imdb.com/title/tt0104692/plotsummary/

[–] Mwa@thelemmy.club 6 points 6 hours ago
[–] lmmarsano@lemmynsfw.com 6 points 6 hours ago
[–] Passerby6497@lemmy.world 54 points 10 hours ago

If they can burn a billion dollars on shit everyone else knew was a failure from day 1, they can pay a fucking reasonable tax rate

[–] RIotingPacifist@lemmy.world 55 points 12 hours ago (1 children)

I guess the idea just didn't have legs!

[–] WanderWisley@lemmy.world 58 points 14 hours ago (4 children)

Over $100 billion down the toilet and zuck is still one of the richest people in the world wtf?

[–] markz@suppo.fi 2 points 3 hours ago

He can afford to do it again and then again again. I guess the idea is to keep gambling in hopes of becoming the dominant comany in a massive industry.

[–] hector@lemmy.today 10 points 8 hours ago (2 children)

100 billion must be in lost market capitalization, not real money, just like tesla is theoretically worth a trillion dollars, no one could recognize that money.

[–] jj4211@lemmy.world 7 points 8 hours ago (1 children)

100 billion is a touch higher than I've read elsewhere, but evidently they actually spent $77 billion 'real' dollars:

https://finance.yahoo.com/news/mark-zuckerberg-threw-77-billion-143014208.html

[–] hector@lemmy.today 5 points 8 hours ago (1 children)

Good god I figured it must have been wrong as it's such a large amount of money. I wonder how much of that they borrowed and how much they paid in cash. They might be paying astronomical interest payments on all of that.

Just goes to show how we have all the wrong people in charge in the west, at every level from government to business from the ceo on down to middle managers. Zuck is case and point. Well, as someone else posted, this article about their failure has legs. Unlike his stupid metaverse, that no one seemed even slightly interested in from the start.

[–] jj4211@lemmy.world 8 points 6 hours ago (1 children)

Yeah, they bought a modest, niche product with a likely viable business case, and then bet they could make it an everyman's device for all their socializing and experiencing events like sports and music....

The people that actually wanted the device got to take a back seat to them chasing non-existent markets for it... Their aspirations so impossibly high that a niche device could no longer justify itself against the money spent chasing that non-existant market.. So something that should have been for some VR nerds to be happy and sustain the business while the rest of the world shrugs and say 'I don't get it' becomes an 'Obviously this is a failure of a concept and no one should bother doing this'.

[–] hector@lemmy.today 6 points 6 hours ago

Classic case of yes men-ism. Everyone around zuck tells him he's the greatest, smartest, infallible. He likely removed anyone from his life that was willing to tell him he was wrong. He is making money hand over fist, and believes it, he's special, the laser light of all knowledge shines out of his ass, don't look directly at it or you can go blind. So he gets an idea, tells his people how he thinks everyone could get into it, they all heartily agree, what a great idea zuck!

I bet if anyone did tell him it wasn't, he fired or removed them from his life, and still hasn't apologized or made amends about it too, and instead doesn't hold any sort of grudge against the people that told him he was right despite knowing better and being too craven to tell the truth.

[–] Rooster326@programming.dev 5 points 8 hours ago

Bruh they definitely spent real money on developers and marketing.

[–] Gonzako@lemmy.world 20 points 12 hours ago (1 children)

The US economy has devolved from an economy where you gain money by making and selling things to an economy where investing in the stock market and then taking out loans on that stock to keep investing is a better way to keep making money. When was the last time someone rich became poor?

[–] hector@lemmy.today 9 points 8 hours ago (2 children)

That is one of the ways they avoid taxes. They take out loans to pay old loans and to spend on the value of their investments at good rates, and since they never realize income they never pay taxes. I think interest is even tax deductible to a degree.

Bezos in 2020, a year his wealth multiplied obscenely, paid 600 dollars. Less than we did.

As per a couple of propublica articles they published around 2021.

[–] Gonzako@lemmy.world 6 points 7 hours ago

Dang, I pay more in taxes in a single paycheck than bezos did in a year.

[–] Balldowern@lemmy.zip 14 points 13 hours ago

Trillion is the new Billion.

[–] ExLisper@lemmy.curiana.net 161 points 16 hours ago (5 children)

If a company can dump $100B into failed project and still be profitable they have too much money. Jesus, imagine would would happen if this money went to the workers instead...

[–] JensSpahnpasta@feddit.org 135 points 16 hours ago (2 children)

It's actually crazy that you can burn $100B in a project that everybody mocked from the beginnings and still be CEO after that while having earned billions in compensation

[–] Alpha71@lemmy.world 6 points 8 hours ago

this is what's called "holding a controlling interest."

[–] Soup@lemmy.world 67 points 15 hours ago (2 children)

Hell, it’s fucking insane that we have to earn our bonuses and they still fucking suck yet these people will get millions after fucking it all up. Imagine if a regular worker failed this hard and was like “so where’s my $15,000 Christmas bonus?”

[–] SeductiveTortoise@piefed.social 23 points 14 hours ago (4 children)

I didn't fuck up and only got a tenth of that.

[–] TheEEEdiot@sh.itjust.works 27 points 14 hours ago (1 children)

You guys are getting Christmas bonuses?

[–] ShaggySnacks@lemmy.myserv.one 12 points 13 hours ago (1 children)

I got a membership to the Jelly of the Month Club.

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[–] 9488fcea02a9@sh.itjust.works 21 points 15 hours ago (3 children)

imagine would would happen if this money went to the workers instead...

where do you think the money went? I imagine a lot of it went to workers salaries....

[sweating profusely] Developers! Developers! Developers! Developers! Developers!

[–] MajorasMaskForever@lemmy.world 4 points 7 hours ago (1 children)

I hope this meme never dies, but I fear it's already reaching obscurity

[–] 9488fcea02a9@sh.itjust.works 4 points 3 hours ago* (last edited 3 hours ago)

I only learned about it 3 weeks ago... trying to keep it alive

I'M DOING MY PART

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[–] MacStainless@piefed.social 8 points 10 hours ago
[–] monad@anarchist.nexus 51 points 17 hours ago* (last edited 17 hours ago) (17 children)

Great News!

Nobody should use or support anything Meta. As a matter if principle.

[–] Mwa@thelemmy.club 2 points 6 hours ago* (last edited 6 hours ago)

i just hate how the cheapest VR's are only from meta (as of writing this)

[–] hector@lemmy.today 2 points 8 hours ago

The only reason I log in now is marketplace. Which I need.

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[–] resipsaloquitur@lemmy.world 10 points 13 hours ago

Don’t worry. The billions Zuck dumped into crypto and NFTs will pay for the billions he dumped into VR.

He’s a genius, dontchaknow.

[–] Voroxpete@sh.itjust.works 32 points 16 hours ago

But what about the zero people who used it? Whatever will they do?

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