re: #311 Eclectic Cyborg

Facebook parent company Meta has released its financial results for the first quarter of 2022 and it shows that this year alone, the company’s virtual reality-focused department has lost $2.96 billion so far. This continues a trend of operating heavily in the red, with the same division having lost nearly $20 billion since 2020.

Facebook / Meta reported revenue of $117 billion across all divisions last year, so it’s not like they don’t have insanely deep pockets, but nevertheless Zuck seems prepared to throw a shit ton of money at his wannabe virtual world.

Kind of like throwing a lot of money at getting rockets into space.

We really seem to have lost site in this country that R&D doesn’t make money. It can take a lot of failures to get something right.