Jaeden Schafer

And I think to put that into perspective, you need to spend about a million dollars every single day for 200 years if you want to reach that amount of money.

So that is not insignificant.

That is pretty basically pretty massively colossal of a failure.

I think beyond the hype, if you're looking from like analysts and investors, a lot of the early versions of the metaverse were really bad products.

The avatars were super lifeless.

They were super awkward.

They famously didn't have any legs.

So there is one early Horizon World screenshot of Mark Zuckerberg's avatar, which was like went super viral because it just looked so horrible.

He was saying like this was the future.

And yeah, it was not great.

So.

I think this kind of like building in the open strategy only works when consumers actually want the technology.

If you're trying to build something and say, hey, everyone wants this, building in the open is probably not the right direction.

In VR's case, I think demand never really materialized at scale.

Meta definitely quickly captured the majority of the VR headset

maker market with Oculus and then the Quest device.

The sales then steadily kind of went down.

Counterpoint Research reported that global VR headset shipments fell 12% year over year in 2024, making the third consecutive annual decline.

Meta had about 77% of those shipments.

But I mean, they obviously had a product interesting enough that they scammed Apple into getting into the market and building their own VR headset.