There is some sense in it and I’m surprised by all the naysayers here.

For starters, Quest is by far the biggest selling VR/XR headset. So he is already seeing some success here.

And as we’ve seen before, Facebook isn’t going to dominate forever. It makes complete sense throwing large sums of money at future technology while you still have large sums of money to burn.

Chasing new technology when you’re already behind and your revenue is decline is a guaranteed way to fail.

Moonshots like this you waste a tonne of money when that money is comparatively cheap anyway. Plus it keeps people talking about your business, which is never a bad thing.

And i happy for that. Someone has to bite the bullet to push the VR tech.

Metaverse is a huge deal among Zune owners and Quiby subscribers.

I was in LA in 2015 at the peak of the VR hype, I don't think zuck got the memo that it flopped hard between then and now.

He should've just spent the money to buy Roblox, Fortnite or Minecraft. Second Life at a stretch.

The FacebookVerse.