Topic: Meta has burned $15 billion trying to build the metaverse (Read 599 times)

In my opion and what I read about the topic in the forum - - I think META is really trying to make  something big here and they are definitely trying to  preparing for something big. We might see them failed but I think they are serious about this Metaverse and they will not lose that much if this is not worth it.

I believe Mark has a sound brain and he is moving in the right direction of Tech.
I agree with the first thing you have mentioned that its not directly cash but worth of it and you are very right that he is one driving force for the future.

The great science fiction writer Roger Zelazny wrote that at a certain stage of development, technology is already indistinguishable from magic.

Is Zuckerberg's Metaverse Like Magic?  In my opinion - no!  

Watching the series House of the Dragon is much more interesting than testing Zuckerberg's Metaverse....

However, most likely the Metaverse will be created.  However, will it be created in the current decade?  I'm not sure.  It is possible that fundamentally new devices will be required for the successful functioning of this project.  

For example, devices using holography technology, as well as neurochips.  Until such devices have become widespread, it will not be possible to create the Metaverse.

With burning up to $ 15 billion, it will make news that continues to be viral and becomes a promotion that they are serious about the project, but whether this strategy can be successful, I'm sure it still needs time to prove Meta can be accepted by investors.

I guess people don't fully understand what a metaverse is, it seems like they are just looking at projects labeled as metaverse that are active in the crypto and they don't know that the metaverse has been in development for a long time and is heavily invested by tech companies. I also think the metaverse will be an important trend in the future as this technology becomes more and more popular and VR devices become cheaper, people will realize how useful it really is.

Of course not directly cash, but worth of it. I admired Mark Zuckerberg as he is the one driving force of the future, the technology he envisioned and trying to make it a reality. He is in esting here,it means it is doable and achievable, just a matter of time.

I am guessing that it's not directly cash, most of the time when calculating these type of things they do count things that are not directly money, but worths money, such as man hours, which means if 100 people worked on it for 6 months then you calculate all the cost of those employees at the same time, and that could be calculated into it.

I doubt that it would be 15 billion already, that just doesn't make sense, what could they really spend that 15 billion on, think about it item by item, doesn't really sound like a true price. Maybe they are just showing it as a cost to pay less taxes I don't know. But in the end, if they can achieve it one day, it would be all worth it.

But he is burning billions without a product in sight! Metaverse as we can see it in some promo videos is still far away, and 18 months or 5 years is a pretty long time... he will probably burn even more billions until that point! I don't think that people are negative, it's just reality. For metaverse you will need VR, and how many people have and actively use it?! And do we really need it? How many people are really interested in the metaverse? Do we really need some other reality like the one we can see in some movies?

I guess the metaverse can be interesting, but let's keep it within some limits! We also need to stay humans who need some real touch!

No matter what how great they are now and how much successful they are now but we can't deny failures are also part of this path even he said about this on one of his interviews. But personally I think the technology has potential and the market that is why he jumped into the development of the technology even he changed the name of parent company to meta to become one of its kind in the near future.

I think he is rushing this too much and if his stock holders do not see any results then I would not be surprised if at some point in time he is replaced as the CEO of Meta and then his vision is abandoned, so not only he needs to make this a reality he needs to do it with resources that while they may seem to be huge for people like us from the point of view of developing something so groundbreaking the funds may not be anywhere near enough to what he actually needs.

Meta development will take a long time and based on the news said for the next 10 years, they will develop new technology about metaverse by using VR to access the 3D simulation world. Despite the negative news about the clarity of metaverse development and the amount of funds used for the metaverse, many people may not know that Meta has released a new VR device called Oculus Quest Pro this year. We can assess the Meta development process as potentially completed in less than 10 years, so we must think positively to provide support to Meta to complete its work.

It might be stupid idea but if you corner the market first then you have much better starting position. I like you anology but imagine that you have a cart that is so much ahead that getting horse later won't matter.
15 billion is a gamble but a gamble that might pay off 100x over.

The difference is, all those "metaverse" things we have seen on crypto is just roblox type of idiotic stuff that people fell for and lost a quite good amount of money, and couldn't have been built any good at all, it was definitely a bad replica of what should have been, just to make some profit.

On the other hand, meta is not doing it for the money, in fact they have lost more money trying to build it so far than what all those projects are worth right now combined. Which means that they really want to do this for the technology of it, and not for the money they could make, or maybe money plays a role but not the first thing in their mind.

Quite surprised to see more comments are negative about the technology, but myself I beleive it is really possible but not going to happen in very short time like in 18 months, it will take atleast 5 years to roll out the beta and the development will go on for years. Why Mark started too early is to establish he wants to take the first seat so more profits than back seats but as far as the investors concern towards is understandable but they took the bet so have to accept the outcome as well.

That is understandable, he is making a bet that if he spends insane amount of money into this metaverse technology, one day he will be at the forefront, basically be bitcoin of metaverse, and that will give them both a lot of money, but also what matters to them is users, which could give them millions, even maybe over a billion users once again.

However, reality is that metaverse is not that simple, even if he keeps on trying to do the best he could possibly do, he will probably fail and that is going to hurt them financially. This is not a simple task, this is something that is gigantic and needs to evolve with the technological improvements we have, and cannot be loved right away.

Honestly the Meta-verse to me felt/feels very much like the whole NFT market craze. Completely over hyped and well ahead of itself. I look at both NFT art Meta-verse as something that I can’t believe so many people were buying in to especially with Meta as we really just don’t know where things are heading with. Like what is this nonsense we seem to be 100 years too easily for. I dunno, I never got it either.

Business in general is a risky thing and it is not for nothing that it is said that only the winner drinks champagne. Few people will remember the predecessors of losers who tried to bring the idea to life, but the winner gets fame and privileges and most importantly all the cream. There are many ideas that are floating in the air and seem to have to find their embodiment in physical reality, but so far this is constantly hindered by something. It may be recalled that Zuckerberg himself was not a pioneer in social networks, but he managed to ride the wave and, thanks to successful actions, succeed. But business does not like those who stand still and try to use old recipes in new changed conditions, and therefore it is commendable and quite understandable that the Meta corporation itself and Zuckerberg in particular are trying to find new horizons and a new point of growth, since financial resources allow such experiments. As for the topic of transparency of such investments, which investors are worried about, I would like to say the following. There are some secrets of the business kitchen that no one should be privy to, especially competitors, and if there is an opportunity to hide something, then any such organization will not fail to take advantage of it.

My Issue with this is the amount Meta is said to be spending on the development of metaverse. Actually sounds like they're gambling or taking big risk. It's important to be certain before making that kind of bet otherwise start small to experiment and learn in the course of development

The brave step from Facebook to make Meta can be valuable, but I prefer if Facebook users get Airdrops of course by doing things like Airdrops, I still remember the beginning of Paypal giving free $ 50 for Facebook users.

I think we can recognize that something like the metaverse will be part of our lives someday, what we do not know is if that time is now, Zuckerberg is making a prediction and he believes now is the right time for the technology to be deployed, is he correct? No one knows for sure but he is willing to invest a fortune to make his vision a reality, however if he is wrong not only he will lose all of that money but he will give valuable information to whoever wants to do this for free and instead he will help someone else to make his vision to come true, so he is taking a huge risk no matter how we look at it.