alt Hacker NewsUnbelievable. They re-architected the whole operating system around this stupid app. They discontinued their previous homescreen environments in favor of trying to promote Horizon Worlds, only to discontinue the blasted thing anyway? After all of those millions of dollars spent trying to make virtual events happen?
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Billions. Facebook has spent billions and billions over the past decade in VR. Starting with the Oculus merger and then in 2021 with the rebrand.
10 billion a year supposedly for the past 5 years now.
The usage numbers probably reflect what happened in this house: since the pestering to confirm age and the horizon worlds update the Meta VR devices have literally not been recharged.
They had the foundation of something half reasonable at one point, but their product management clearly got in the way.
And at the same time VRChat is reaching record popularity and user counts with tiny fraction of the budget Facebook wasted.
And it is so simple - just listen to your users and give them what they want - which seems to be VR cat girls.
> After all of those millions of dollars spent trying to make virtual events happen?
Billions. $70 billion since 2021 to be exact.
Mark isn’t in charge because he’s smart, he’s in charge because of voting rights.
They rebuilt half of their company around this thing and countless people saw promotions all around.
Not millions. Many many billions. (not on virtual events, but on the platform itself--that's the crazy part)
They also renamed the entire corporation from "Facebook" to "Meta" to prove how serious they were about it.