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Meta spent $4.3 billion on its VR division in three months, and made checks figures $440 million in return (www.pcgamer.com)

submitted 7 months ago by ylai@lemmy.ml to c/technology@lemmy.world

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[–] kava@lemmy.world 138 points 7 months ago (38 children)

It's sort of like how YouTube ran at a loss for a long time. The idea is to get ingrained in the market and make up the money later.

Right now Meta has the best VR / AR that is easily accessible. If some new idea or technology catapults VR into a more popular position, then Meta is in a prime position to take advantage.

Will that happen? I don't know, but Meta seems to think so.

[–] Darkassassin07@lemmy.ca 82 points 7 months ago (1 children)

Right now Meta has the best VR / AR that is easily accessible.

Too bad the company is absolute garbage. I'm not even willing to look at their 'products' anymore.

Particularly with articles like this around:

https://observer.com/2024/03/meta-facebook-compete-snapchat-class-action-document/

[–] Diplomjodler3@lemmy.world 45 points 7 months ago (1 children)

Yep. I will never use any VR product by Meta. Mark can go zuck himself.

[–] fmstrat@lemmy.nowsci.com 4 points 7 months ago

Thats why https://sidequestvr.com/ exists.

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