Jon Quast

It's not winding down Oculus.

It's not winding down the Meta Ray-Ban glasses.

There still will be money spent here.

But what's so interesting is, Meta started breaking out Reality Labs in 2021.

That gave us the financials into 2020.

Basically, cumulatively, since that time, it has spent roughly $80 billion on reality labs and generated about $10 billion in revenue during that time.

I don't know if we've ever seen anything quite like that.

Essentially, it has burned $70 billion on this project.

Now, like I said, some of that was Oculus.

I think most of the revenue generated was Oculus.

But it's so interesting to me that spending all of that money, it still couldn't will this concept into existence.

Part of me says that that means that the metaverse will never be.

Ready Player One will never be.

The other part of me says maybe meta was just too early here.

Maybe once we have a better haptic experience that incorporates the five senses even better, maybe that will be something that the user experience will be improved, and then you won't have to spend $70 billion to get people to use it.

They will be lining up to...

beg to use the platform because it is good.

I don't know which it is.

I would personally lean towards we're not getting Ready Player One, but time will tell.

Yeah.