Meta is shutting down Metaverse. They spent 85B dollars on it

flw_0311

didn't they rename the company to Meta because of their investment in Metaverse.... what will the company rename itself to next?

throw03172019

Facebook -> Meta -> AIBook -> ??????

urbandw311er

Are they? I thought they were moving the access to it to be solely via their app or something like that

xg15

I wasn't following the project very closely and so might have missed something - but could someone explain what happened there and where all those billions went? The idea of an immersive, persistent, multi-user virtual reality is not exactly a new one and we've had several mature implementations over the years - VRChat, Second Life, in some sense most MMOs, etc. Compared to that, all the impressions of the "Metaverse" that made some larger rounds in the press looked more like the prototype of a WiiFit knockoff. And that for 85B? Did they do some significant research/development in other problem areas that are less visible than the graphics? Or what was going on there?

cat-turner

Restore Facebook.

furryrain

Tech sentiment around 2022 was time was Zuckerberg was a good leader for actually setting a clear direction for his company. I'm not sure what to conclude from this.

metalman

it was so bad that they couldn't even get anybody to form negative opinions about it

ChrisArchitect

Related: Meta will shut down VR Horizon Worlds access June 15 https://news.ycombinator.com/item?id=47427214 Meta Horizon Worlds on Meta Quest is being discontinued https://news.ycombinator.com/item?id=47416940