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
Listen pal - Do you know how hard it is to make legs for a wii-like avatar?! We need another 8 billion.
They’re called miis 😤
Maybe you shouldn’t have made it
so shitCutting spending by 20% while not reducing output will definitely accomplish that, too!
The tech in general just isn’t good enough to do that much more. It’s like having a coal powered steam engine and then saying you’ll build a formula 1 car with it. They thought that with throwing enough money at the wall, a few breakthroughs in tech would fall out, but it doesn’t work like that. If you’re very lucky you hit one breakthrough, but they needed a few.
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.
90% of technology companies quit before making a hit VR product. We should encourage Meta to spend more.
Let’s hope Meta sinks every last dime of their profit into “the next big thing” that is their VR division
meta: makes vr division
also meta: is shocked it bleeds money
keep in mind meta didnt make occulus, they bought it out. Oculus is just on the list of silicon valley startups that suceeded in getting bought out and profited from. (of the 10x more that fail)
Is this supposed to be better somehow? Personally it doesn’t make much difference to me if Meta created their own shitty VR or bought a decent VR then made it shitty… The result is the same.
Damn. Sorry to hear about that emotion a soulless corporation is having.
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.
Holy shit, give me just one billion per year and I’ll build you a sexier failure.
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.
I think they don’t require that anymore. It’s a “Meta login” which can be separate from Facebook. At least for Quest devices.
Call it what you want, but this requirement prevents me from buying their products too. I use no Meta services. Don’t wanna start.
[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!
Lemmy hates Meta but honestly the Quest 3 is a fantastic headset. I use mine semi-regularly for wireless Steam VR.
Too bad that it will turn into a brick once meta decides to axe their VR department.
It’s just an android device, someone will make a bootloader unlock and custom rom for it if it comes to that
I wouldn’t rely on that. Those projects take a ton of time and aren’t always able to activate all the features.