Facebook Steals Another Crypto Idea for Its Nonsensical Rebrand

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Zuck justified these excessive charges by explaining that Facebook (no, I’m not going to name it “Meta” both, as a result of see above) might be build up its on-line VR enterprise at a loss for some time, together with by subsidizing units. This speaks to one of many different big warning indicators for Facebook’s pivot. It’s already fairly clear only a few individuals truly want to use VR, particularly within the form of persistent means that may make it a superb walled-garden content material retailer enterprise. The Oculus VR units on the middle of Facebook’s plans have been fairly good know-how for at the least three or 4 years now, however gross sales have been unimpressive. Other VR and AR corporations, such because the notorious Magic Leap, have burned cash with out discovering product-market match. Spending boatloads of money to drive adoption is the one hope Facebook appears to have of creating mass-market VR work.