• WhatAmLemmy@lemmy.world
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    1 day ago

    Member how the metaverse was supposed to revolutionise our lives, but they just spent dozens of billions on a shitty VR sim, renamed their whole company over it, then fired tens of thousands of workers when it flopped, but still jerked zuck off for his capitalist prowess?

    He’s worth hundreds of billions more today! Capitalism is a fucking clown world.

    • Fishnoodle@lemmy.world
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      1 day ago

      If we punished the ceo’s who steal billions the same way we punish a homeless person that steals $20 to buy food, the world would be a much better place

      Capitalism just means that your theft has to be more organized, and done by a ‘company’. Then no one gets held personally responsible, even if they were the one at the top giving all the orders.

      We should start to use RICO against businesses and punish every link in the management chain that makes that theft possible. Like at least 5 years in jail+fines

    • Zos_Kia@jlai.lu
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      19 hours ago

      The power of compound interest means that money can only make more money once it reaches a certain threshold. Whatever these guys were at twenty they’re certainly not anymore, but they will never feel the pinch. They can only fail upwards from this point on.

    • Specter@piefed.social
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      22 hours ago

      Same thing with Musk lol failure after failure after failure but there are still clowns on the internet who call him a visionary.

      • Leon@pawb.social
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        18 hours ago

        Dude will crash his rockets and people say the company is successful. It’s bananas.

        • IronBird@lemmy.world
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          26 minutes ago

          but the falcon 9 is objectively the most successful/flown rocket in history and it’s not even close

    • BarneyPiccolo@lemmy.today
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      1 day ago

      Surprise, some Aspy Sociopathic Oligarch who has been out of touch with humanity since birth has no idea what actual humans want, and are willing to pay for.

    • masterspace@lemmy.ca
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      1 day ago

      Capitalism is deeply flawed, but what you’re experiencing is a failure of social media and journalism.

      Everyone guffaws about Meta because everyone hates them, so bloggers write shitty vacuous click baity articles that just twist and distort everything meta does to make them look as terrible as possible. And while they’re shitty, they’re not shitty and incompetent in every single possible way or else they wouldn’t be as rich as they are.

      But these vacuous articles that bend over backwards and diatort the truth to paint them as incompetent in every possible way then leaves people going “how could anyone be that stupid?”, and the reality is that they’re not that stupid, you were just misinformed by outrage journalism.

      Despite the guffawing about shutting down Horizon Worlds, there’s a good chance that Meta’s reality Labs bet will still be a smart financial play in the long term. Google, Apple, Microsoft, etc have made billions by controlling the dominant OSes and Meta has far and away the strongest augment reality operating system as we head into AR glasses actually being viable from a technology standpoint.

      • wonderingwanderer@sopuli.xyz
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        11 minutes ago

        Downvoted for sane-washing meta glasses.

        I also disagree with your other takes, mainly boiling down to the insinuation that competence and intelligence is how capitalists make money in a system that’s rigged in their favor…

        No, they make money because they have enough people vendor-locked that they can convince advertisers to pay them to further enshittify their platforms, and that gives investors the confidence they need to keep writing blank checks.

      • badgermurphy@lemmy.world
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        1 hour ago

        I don’t think the technological limitations are what are making those AR goggles get poor reception. They face a couple of non-technological hurdles that I think are going to be nearly impossible for them to overcome:

        • People don’t like strangers pointing cameras in their face to the point where they may even be brought to violence about it, so using these in public settings will continue to be isolating and potentially even dangerous.
        • The companies making things like this are too big to be capable of making a good product ecosystem. It has been an inescapable trend for over a decade+ now that these mega corps have stopped being able to make anything without too much monetization to be good anymore, so adoption is lukewarm, and they kill off everything new after a few years. They are surviving on things they made before that time that they have not managed to mess up all the way yet.