> Railroads, semiconductors, plastics, networking... the utility was there for all of them, and so was the potential profit.

I wonder why so few people make the comparison to the recent VR hype. We heard the same things there about its unlimited potential, how it's inevitable that we will soon resolve all its shortcomings and that it will become ubiquitous.

I still believe VR will eventually live up to its potential, but no one can deny that bubble has popped after Meta took a huge loss on it. It took too long to resolve the hard problems so the timing didn't work for them.