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Mark Zuckerberg was so convinced the metaverse was the next big thing that he renamed his company after it.
Meta, as Facebook is now known, bet the farm on virtual reality,
investing more than $80bn into metaverse-related ventures over the past five years alone
—only to abruptly decide it wasn’t the future after all.
In March this year it was announced that Horizon Worlds, Meta’s flagship metaverse venture, would shut down its VR operations in June, continuing only as …

@Techmeme@techhub.social
2026-08-28 14:10:43

How Meta founded FAIR in 2013, fell behind as it was distracted by the metaverse, and is spending an unprecedented amount of money trying to catch up (Harry McCracken/Fast Company)
fastcompany.com/91587899/mark-

@anneroth@systemli.social
2026-07-22 08:42:22

„Let's be clear: it is theoretically possible that AI will take over the world. I'm no fortune teller. But ask yourself, does that idea sound similar to other stories you've heard out of Silicon Valley in the past?
Weren't we all supposed to be living in Mark Zuckerberg's Metaverse by now? Wasn't Bitcoin going to replace all the world's currency?“
Why AI companies want you to be afraid of them

@Kingu@sakurajima.moe
2026-06-19 16:07:16

We have the Metaverse and the Fediverse what shall we do next?