The Killer App of the Year Is…
It was 2021 when Master of the Universe and Facebook CEO Mark Zuckerberg decided it was time to move beyond mere social media. Given his uncanny sense of prescience, he felt he’d found the killer app, going so far as to rename Facebook Meta, reflecting the company’s shift towards developing the metaverse, a virtual environment for social interaction and commerce. From Zuckerberg’s point of view, VR was the future.
Oops.
“All told, the company has lost more than $70 billion… on its enormous long-term VR bet, a staggering sum that has left investors itchy and unimpressed as Zuckerberg has failed to convince the public of the high-fidelity virtual spaces he long insisted we’d be choosing to spend most of our time in,” said Futurism, reporting that Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company “Meta”, thus adhering to the tech mantra: fail fast.