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Facebook is spending more on Reality Labs than what the US spent on the Apollo program

Posted on 10/29/22 at 7:09 pm
Posted by rickgrimes
Member since Jan 2011
4181 posts
Posted on 10/29/22 at 7:09 pm
Stolen from the Money Board:



Lol, WTF is Zuck thinking? The hubris is unbelievable.

I don't want to see the world thru some VR headset. I want to experience it first hand.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61272 posts
Posted on 10/29/22 at 7:10 pm to
Facebook is dying off as social media and Zuckerberg is putting everything into VR thinking its the future.
This post was edited on 10/29/22 at 7:13 pm
Posted by BuckyCheese
Member since Jan 2015
49406 posts
Posted on 10/29/22 at 7:20 pm to
If Zuck controls enough stock to prevent getting tossed, which apparently he does, he's going to run it right into the ground.


*Just because your attempt at a dating site turns into a social media behemoth doesn't mean you are a great businessman.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
48769 posts
Posted on 10/29/22 at 7:28 pm to
I was satisfied with myspace circa 2005
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61272 posts
Posted on 10/29/22 at 7:31 pm to
quote:

If Zuck controls enough stock to prevent getting tossed, which apparently he does, he's going to run it right into the ground.


*Just because your attempt at a dating site turns into a social media behemoth doesn't mean you are a great businessman.



Look I'm all for it. Either Facebook dies or we get something amazing from VR. I respect Zuckerberg for this move, he's going for it.

Does anyone think Facebook is going anywhere as it currently sits? It's tapped out interms of markets/userbase. Zuckerberg knows that and he's taking a big risk and it's going to cost him a lot of money.
This post was edited on 10/29/22 at 7:37 pm
Posted by tom
Baton Rouge
Member since Jun 2007
8158 posts
Posted on 10/29/22 at 7:34 pm to
He’s got the balls to try something different unlike most boring companies such as apple or microsoft.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7747 posts
Posted on 10/29/22 at 7:36 pm to
Zuck had some early luck and hit it big. But he doesn’t seem that smart, and he now seems to be destroying the company. Funny to see it happen.
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
19537 posts
Posted on 10/29/22 at 7:54 pm to
They got regular arse glass that'll let you access your computer and watch movies.
Posted by BuckyCheese
Member since Jan 2015
49406 posts
Posted on 10/29/22 at 8:02 pm to
quote:

Does anyone think Facebook is going anywhere as it currently sits? It's tapped out interms of markets/userbase.


Today's world; If you're not growing 20% per year you're dead.

FB can be, and will remain, a big moneymaker through ad revenues for the foreseeable future. Zuck is burning it down chasing a fantasy. Ask anyone what the metaverse is and you'll likely get a blank look.
Posted by DVinBR
Member since Jan 2013
12993 posts
Posted on 10/29/22 at 8:12 pm to
Posted by jcaz
Laffy
Member since Aug 2014
15639 posts
Posted on 10/29/22 at 8:14 pm to
quote:

Today's world; If you're not growing 20% per year you're dead.

This is a major problem. Too much focus on short term gains is killing our economy and destroying the middle class.
Companies and banks will do anything to make their shareholders happy even if it’s not real.
Posted by James11111
Walnut Creek
Member since Jul 2020
4662 posts
Posted on 10/29/22 at 8:16 pm to
In the future socialist dream people will sit at home play VR. He is betting on this becoming a reality.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71426 posts
Posted on 10/29/22 at 8:17 pm to
Kids think FB is lame, he's attempting to future proof FB
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71426 posts
Posted on 10/29/22 at 8:19 pm to
Short term profits over everything is just painful.
Posted by dakarx
Member since Sep 2018
6851 posts
Posted on 10/29/22 at 8:22 pm to
NSA backing him on this too?
Posted by SagginInRefelct
Member since Oct 2022
77 posts
Posted on 10/29/22 at 8:23 pm to
quote:

don't want to see the world thru some VR headset. I want to experience it first hand.


Listen to his podcast on Rogan. The vision of where it's going will.blow your mind
Posted by MoarKilometers
Member since Apr 2015
17941 posts
Posted on 10/29/22 at 8:29 pm to
If he's using company funds, instead of taxpayer dollars, I honestly dgaf what he spends on it.
Posted by msutiger
Shreveport
Member since Jul 2008
69626 posts
Posted on 10/29/22 at 8:33 pm to
He’s going to be proven right on VR as the technology gets better.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61272 posts
Posted on 10/29/22 at 8:33 pm to
quote:

Ask anyone what the metaverse is and you'll likely get a blank look.


You need a product to sell not just a brand name and he's working on it. People will know what it is when it exists in a better form. I have an oculus and it's really cool but they have a lot of advancements to make before VR becomes more mainstream.
This post was edited on 10/30/22 at 8:42 am
Posted by OweO
Plaquemine, La
Member since Sep 2009
113964 posts
Posted on 10/29/22 at 8:34 pm to
I honestly think the evolution of VR will the the next significate change in tech. Like how the smart phone changed everything. There were already cellphones, but then smartphones changes many aspects of our life, there is already VR but what they are working on will be the smartphone to the VR right now.

Some things I read was that they are working on the VR glasses to make them smaller, like the size of regular glasses. With those glasses, when you are driving the map & GPS will show the lines in the road.

People will not be as depended on their phone (but they will need the glasses on).

People will be able to attending meetings with people from all over in a hologram form.

I don't think it will fail, it is just taking a lot of money to develop and test, but like I said I think this will be the next big step in the evolution of tech.
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