Jaeden Schafer

So I think The Verge also reported that Workrooms, which has met his attempt to bring, you know, VR into the workspace, is also shutting down as well.

I basically think all of these are not great signs for Zuckerberg's metaverse.

And Bloomberg already did a report back in December that said that Meta was planning to cut the VR division's budget by as much as 30%.

At the same time, they were pausing efforts to license their Meta Horizons operating system to any third-party headset makers, which was part of kind of an ambitious plan they had a little while ago.

So the real question is, what is the damage?

Altogether, Meta has put about $73 billion into the division.

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.