From "Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company 'Meta'" (Futurism).
Here's my reaction to Meta when it began in 2021: "Eh. I'm not making a new tag for this."
December 6, 2025
"All told, the company has lost more than $70 billion... as Zuckerberg has failed to convince the public of the high-fidelity virtual spaces he long insisted we’d be choosing to spend most of our time in."
"Now, as Bloomberg reports, the company’s executives are eying gigantic budget cuts, as high as 30 percent, for the teams responsible for its Meta Horizon Worlds product and Quest VR headset — another nail in the coffin for Zuckerberg’s obsession that has been a major thorn in the sides of investors for years now.... Besides, Meta and Zuckerberg have now found their next obsession: artificial intelligence. The company has committed to spending an astronomical $72 billion on AI this year — roughly as much as the company’s lost on the metaverse, coincidentally...."
From "Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company 'Meta'" (Futurism).
From "Zuckerberg Basically Giving Up on Metaverse After Renaming Entire Company 'Meta'" (Futurism).
Posts
22 comments:
People need to stop using Facebook.
"Eh. I'm not making a new tag for this."
Made me laugh.
Zuckerberg thinks he's a genius, but IMO he just lucked out with Facebook. He should stop trying for the next big thing.
You can get pretty damned far with one or two good ideas early on. That's what I did, but I didn't make the mistake of thinking that made me a genius. I mean I am one, but that's not how I know.
Zuckerburg is right about where we are going.
His failure was hiring the DEI crowd to implement it.
Schumpeterian "creative destruction."
How a 24-year-old Stanford Ph.D. dropout lured some of Meta's brightest minds to join her AI math startup
Axiom Math is the brainchild of Carina Hong, a Rhodes Scholar who dropped out of her graduate studies at Stanford to found the company in March.
Axiom, which recently said it solved two Erdos math problems that eluded mathematicians for decades, announced a $64 million seed round in September.
The company has 17 employees, many of whom hail from Meta's Fundamental Artificial Intelligence Research (FAIR) lab, as well as Meta's GenAI team and Google Brain, which merged into DeepMind in 2023.
Axiom is tackling advanced math, which AI researchers and leaders consider essential to achieving superintelligence. Hong says this mission helped her draw top talent from Big Tech companies.
"One thing I heard from some of the top researchers and mathematicians I've recruited to Axiom is that solving for mathematical superintelligence will be their legacy," Hong told Business Insider. "When the problem is hard enough, talent density gets very high, and that makes you a magnet for other great thinkers."
Hong told Business Insider that she focused some of her early recruiting efforts on FAIR because "they consistently deliver amazing research work."
FAIR is one of the oldest pillars of Meta's rapidly evolving AI organization, focused on long-term research. Meta conducted layoffs on that team in October and later lost its chief scientist, Yann LeCun, who announced he was leaving Meta in November to start his own AI startup...
Hong says she sees age and experience as "sort of manmade concepts," and has been accustomed to working with more senior researchers during her time in academia. She has also sought to imbue Axiom with a "non-hierarchical" culture.
The company's mission goes beyond math—another draw for recruits. Hong said Axiom's commercial applications could include "any domain where you need provably correct reasoning," such as hardware and software verification, quantitative finance, and cryptography.
If I want to scape from “reality”, I take a nap.
I'm still trying to get a firm grip on reality so virtual reality will just have to wait.
A bonfire of capital from having a strategy weathervane.
Should be a reminder for investors who can't make the AI return on CAPEX arithmetic add up but are backing that these tech visionaries can't be wrong. They can.
I like the idea of your company being named after the pipe dream that turned into one of your biggest failures. Berkshire Hathaway, for example.
The $41 billion that Musk paid to purchase Free Speech for Americans - and thus himself - is starting to seem like a real bargain basement price.
Original Mike said...
"Eh. I'm not making a new tag for this."
Made me laugh.
Me too. In the long run, I think Zuckerberg is right about VR—imagine instead of a video chat with some far away relative, you could have lunch with them in a seaside village in Greece or Italy. You could play the best golf courses in the world without leaving your house on a snowy January morning. You could practice open heart surgery endlessly before trying it on a person.
But if he thought he could force the technology by throwing crazy amounts of money at it, he must be a Democrat.
I consider this as partial proof that Zuckerberg did not come up with the original idea of Facebook.
They’re already running many prime time Meta AI ads. Meta Us Too…
BTW, the company didn't lose any money, only the ephemeral value of the stock. Losing money is negative cash flow.
“The $41 billion that Musk paid to purchase Free Speech”
X is #1 news app in:
UK
Germany
Italy
Spain
Switzerland
Netherlands
Greece
Austria
Poland
Ireland
Hungary
Finland
Romania
EVEN MORE THAN the company’s lost on the metaverse..
fify!
Massive accumulations of capital produce massive gambles. Once everyone starts calling you a visionary, you're expected to have visions.
And then you learn about mirages.
Zuckerberg is facing a meta transition.
Orignal Mike said..
he just lucked out with Facebook. He should stop trying for the next big thing.
His problem is; he stopped stealing other people's good ideas,
and started spending money on his Own BS
Somebody show me up!
Show me a product that was useful, and CAME from IN facebook?
In the early 80s, a good number of us writers, screenwriters, used Kaypro IIs, what Wikipedia now describes as, "a line of rugged, luggable CP/M-based computers." Another screenwriter and I decided we were going to drive down the 405 to Solano Beach and find those guys and invest in the company. We never did. It died twenty minutes into the Nineties. My Kaypro IV is in my closet, worth $375,000. I think. Well, to me.
MikeD said...
BTW, the company didn't lose any money, only the ephemeral value of the stock. Losing money is negative cash flow.
"Losing money" shows up on the P&L as negative cash flow, yes. But you can also "lose money" on the balance sheet through the negative "cash flow" represented by the sunk cost of unproductive investments added to the stock of assets in prior periods that eventually have to be written off, which is what the stock price may be anticipating here.
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