Meta Reportedly Unhappy With How Much Money Its VR Division Burns

"meta unhappy" good…

It felt better when VR was the hot new buzzword, right? Oh well, there's the AI division also burning money, but at least it's the current buzzword!

Maybe you shouldn't have made it so shit

You could have, you know, not bought and ruined oculus, and destroyed the VR ecosystem.

I was at GDC the year of the acquisition. There were Facebook suits walking around the showroom floor writing checks to sign exclusivity deals with anyone showing off a VR game.

90% of technology companies quit before making a hit VR product. We should encourage Meta to spend more.

Well, if I didn't have to make a face book log in to use one. If not for that I would consider one to play in steam. Even if I had to have it tethered.

[Publicly traded company] unhappy with how much money [division] burns. Suggests putting the money into stock buybacks.

Wow, this is some hard- hitting journalism that couldn't possibly write itself!

According to the report, the company’s chief financial officer, Susan Li, told staff the division has lost $55 billion since 2019.

$55 billion in losses over ~5 years? That's a substantial amount.

Good. Learning Facebook bought Oculus was fucking depressing as shit.

What they've done to it since has been worse than what most (if not all) of us expected.

Damn. Sorry to hear about that emotion a soulless corporation is having.

meta: makes vr division

also meta: is shocked it bleeds money

Lemmy hates Meta but honestly the Quest 3 is a fantastic headset. I use mine semi-regularly for wireless Steam VR.

Do VR/AR glasses like in the picture actually exist?

u/chemical_cutthroat Reportedly Happy With How Much Money Meta's VR Division Burns

But the worst part is how they affect me personally. With my big glasses 🤓 I am no longer allowed at places of personal interest such as science and engineering events, nudist beaches, orgies at friends houses and gangbang dates.

VR is over rated as fuck. It will never be mainstream.

Y'all are pissy at Meta, but I hope they are successful. A virtual reality social network is a fantastic idea and I hope they can figure out a way to bring a cool communication app to the masses. That camera that followed you was a great idea that got lost in the Facebook hate.