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Comment by Apocryphon | Hacker News Reader

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Apocryphon·

In recent years, operating it successfully despite burning through billions for their metaverse boondoggle, sure

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Should they be holding cash instead?

Works for Apple. And other companies seem to be able to do R&D, even at a loss, without burning through billions.

Did you forget that apple also has an AR/VR product and doesn’t report that portion of their R&D separately so we don’t know how much it costs?

Cool so even if they burned through $45 billion as Meta did with VR, they still have $53.77 billion on hand as of December

So you just want Meta to carry more cash - the concern wasn't actually about metaverse?

I don’t want Meta to do anything. All I want to do is mock the idea that Zuckerberg has been some sort of exemplary CEO the last few years in the face of the Metaverse project being such a resounding dud- what’s the punchline, billions spent to add feet to the avatars? Not to mention how he’s allowed his actual site to go fallow, between the Feed being inundated with AI slop and Reels being an imitation of Instagram Shorts being an imitation of TikTok and Snapchat shorts and Vine.

> what’s the punchline, billions spent to add feet to the avatars?

I think the metaverse imagery you are referring to was about 10 years ago.

Less than two years ago

https://www.pcmag.com/news/avatars-in-meta-horizons-finally-...

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