This is a pretty worthless take from the HN community that Facebook==Bad. I've been watching the investments in VR, and I think it's a pretty bold move and only one that a founder-led company could even do. Fact is that Facebook has been largely responsible for VR up to this point and has sold the vast majority of all the HMDs out there. The VR/AR tech is brimming with possibilities and even a few days spent playing with the Quest 2 makes that obvious for anyone paying attention. They'll soon have 20k employees working on VR/AR. They are releasing a new HMD in a week that's rumored to bring face and eye, and potentially body tracking. They are announcing a company rebrand at the VR conference. Zuck has every indication of being all in on a pivot, from stale and dangerous social media that may soon be regulated out of existence, to fresh new pastures.
Tech companies already sit in the middle of so much of our relationships with each other and each one of them delivers a terrible low-bandwidth experience. I believe Facebook's end game here is no less than digital teleportation. Put on a pair of sunglasses and you can be in the room with anyone in the world. It will be radically personal and intimate after decades of impersonal, disconnected, inhumane and isolating tech.
And anyway, regardless of outcome, it will surely be more entertaining to watch a trillion dollar company go fully down the rabbit hole of some kind of cyberpunk fantasy than to watch them continue to dig the hole deeper on their society destroying social media tech.