It’s sort of like how YouTube ran at a loss for a long time. The idea is to get ingrained in the market and make up the money later.
Right now Meta has the best VR / AR that is easily accessible. If some new idea or technology catapults VR into a more popular position, then Meta is in a prime position to take advantage.
Will that happen? I don’t know, but Meta seems to think so.
Meta is the only reason I’m staying away from their AR/VR headsets. If it was any other company, I would have jumped in by now.
There are a lot of problems keeping VR from going big and I think Meta’s strategy of cornering the market is one of them. They think if they get all the exclusives they’ll be the next iPhone but I think instead they’re fragmenting an already tiny market which really needs a bunch of impressive experiences (and there still aren’t a ton right now, even after years of VR development). I feel like the reverse would win them more users - they should win on hardware AND software but make their software available for any VR headset to use. Because right now they need to help create a market for VR because there really isn’t one worth cornering yet.
They just announced that they opened up the OS for other manufacturers to use. I know Asus/ROG is supposed to have a headset in the works using the OS.
See also: Meta’s recent opening of their vr headset OS to other hardware manufacturers.
They don’t give a shit about profit at this stage as long as they control it and can use it to suppress the development of any kind of competitors.I don’t think the technology is there yet. As long as people need to wear big bulky goggles and headsets it’s not going to take off. Make something that’s about as cumbersome as sunglasses and less than $1000 and there might be mass adoption.
VR is already great today, and lots of us are enjoying it. I know several people with VR systems.
I’m waiting for more Bigscreen Beyond class weight headsets. 127 grams.
But it’s tethered and the headset itself is ~1000, and you need the stations and controllers as well.
YouTube still runs at a loss
I can’t believe I’m saying this, but these companies need to pay more taxes. Losing $3.9 billion dollars on a stupid vanity project because they have nothing else to spend it on is ridiculous. Higher taxes would at least force them to be more efficient.
But VR is cool
Why that’s a 10% return on investment!
Zuck read Ready Player One and wants so badly to be James Halliday. He just wants to be loved. 🤣
its like they have too much money and they’re burning it away on bad ideas. Imagine how much public housing that money could have built.
I mean, you do understand that this money isn’t just vanishing right? It’s being spent on people, manufacturing, materials. It doesn’t just vanish into nothing.
yeah it gets distributed in the economy and gets absorbed in the system. at least it’s not being hoarded or funneled outside the country.
the other poster is just parroting things they do not understand.
Its also drawing real resources away from other things. The real estate used on these luxury failures had other potential buyers and raises costs across the board as it competes for chip factory space, marketing, etc.
If the money was taxed out of circulation it actually does essentially vanish, increasing the value of every remaining dollar if the state budget remains unchanged - its the easiest way to reduce inflation.
These big corporations with lots of money do affect everyone when they make big stupid decisions - resources get misallocated and costs go up. Money doesn’t exist in a void, the things people do with it have real world effects.
You guys do this like every quarter lol
heres hoping they fail 🤞
Imma say nah. Competition is good, and this space needs more competition.
So everyone has to succeed for it to be competition?
Would a football game be good for the fans if one side didn’t show up?
wut? How is that a response? I am asking if everyone has to succeed for it to be competition. So your analogy should be ‘would football be a good game if both sides won?’
Alright, well you’re a dipshit. Moving on.
they aint in the game to compete, if their past is any indication they will cheat, dominate and make it awful for everyone.
Honestly love to see Meta losing money. Zuck is a parasite on this nation. A cancer.
