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[Astray]

Looks like this year is make or break for the Metaverse (and with it, Meta Quest VR)

META's CTO Says The Metaverse Could be a 'Legendary Misadventure' as Total Loss Exceeds $60 Billion

A new report has released an internal memo from META's CTO saying that 2025 could be a make-or-break year for the Metaverse.

insider-gaming.com

 

[Schmendrick]

this whole metaverse thing

 

[Ozriel]

Looks like this year is make or break for the Metaverse (and with it, Meta Quest VR)

Nothing in that article even remotely suggests the Quest is lumped into this ‘make or break’ discussion.

 

[Elios83]

It was obvious.
People are not going to wear headsets that induce motion sickness to enjoy socials or games. It's destined to be a niche thing.
They will have to change the company's name again

 

[SimTourist]

 

[Bloody Crow of Cainhurst]

Concord dethroned?

 

[Jinzo Prime]

Nothing in that article even remotely suggests the Quest is lumped into this ‘make or break’ discussion.

And Horizon Worlds on mobile absolutely has to break out for our long term plans to have a chance. If you don’t feel the weight of history on you then you aren’t paying attention. “This year likely determines whether this entire effort will go down as the work of visionaries or a legendary misadventure.

I agree, this is more about the Metaverse than VR alone. Unless Quest itself is costing them 4 billion a quarter.

 

[winjer]

60B dollars could do so much to help humanity. It could have been used to cure diseases, improve the life's of people, make advancements in energy production, new scientific fields, etc.
Instead, they are wasting it on this crap, that is obvious that no one cares about.

 

[Elginer]

60B dollars could do so much to help humanity. It could have been used to cure diseases, improve the life's of people, make advancements in energy production, new scientific fields, etc.
Instead, they are wasting it on this crap, that is obvious that no one cares about.

It gave me Batman so worth it.

 

[Bert Big Balls]

60B dollars could do so much to help humanity. It could have been used to cure diseases, improve the life's of people, make advancements in energy production, new scientific fields, etc.
Instead, they are wasting it on this crap, that is obvious that no one cares about.

Also the amount of data centers and processing power this garbage uses which is totally fucking the planet in the ass. Fucking tech douches, honestly.

 

[Astray]

Nothing in that article even remotely suggests the Quest is lumped into this ‘make or break’ discussion.

Quest and its adoption is the main propagation method that Meta is using to propagate the Metaverse concept. If people don't buy Meta VR headsets specifically, they likely can't access Zuckerberg's metaverse product at all!

It's highly likely that Meta is selling a lot of those units at a loss to boost adoption.

Edit: You have to also count the costs that Meta is undertaking to deliver these AAA Quest VR exclusives, the unit sales volume they're getting in return for that, while better than PSVR2, is very clearly not enough to cover the expenses.

 

[Shaki12345]

These retarded executives need to look at a company like Nintendo and wonder why they succeed.

Nobody is asking for live service games because people are already invested in what they want to play for years on end. Getting players and their friends' attention to then switch over to your "service" is a BIG risk. And apparently they are all willing to take it and then fail and wonder why they failed.

They are truly retarded.

 

[peish]

I don’t see anything on the horizon that will “make” it for zuckerborg metaverse

It is dead man walking

 

[Mibu no ookami]

Nothing in that article even remotely suggests the Quest is lumped into this ‘make or break’ discussion.

How does it not?

Reality Labs is the company responsible for Quest. If they're shuttered after this year, which seems wildly likely after this internal memo, do you think Quest just limps a long separately from them?

At best they'd look to sell the Quest line to someone to recoup some of their losses, but who is going to buy the line if it isn't profitable? Maybe Microsoft , Amazon, or Apple would, but I'm not sure that without the advertising through Facebook and Instagram, anyone is going to have half the success that Meta had with it.

It might be the leader in VR gaming, but that's not the brag you might think it is. Most of their major games are 3rd party or they bought the 3rd parties like Beat Studio who makes Beat Saber, which still gets published on PS5.

 

[Hudo]

Good.

 

[StereoVsn]

How does it not?

Reality Labs is the company responsible for Quest. If they're shuttered after this year, which seems wildly likely after this internal memo, do you think Quest just limps a long separately from them?

At best they'd look to sell the Quest line to someone to recoup some of their losses, but who is going to buy the line if it isn't profitable? Maybe Microsoft , Amazon, or Apple would, but I'm not sure that without the advertising through Facebook and Instagram, anyone is going to have half the success that Meta had with it.

It might be the leader in VR gaming, but that's not the brag you might think it is. Most of their major games are 3rd party or they bought the 3rd parties like Beat Studio who makes Beat Saber, which still gets published on PS5.

Yep, and it’s likely that Quest selling price is subsidized. So even if they say spun off Reality Labs and sold it to someone, price would be jacked up.

And if it’s not selling in needed numbers now (to promote metaverse shit), it won’t sell in bigger numbers when headsets are a few hundred $ more expensive.

Also, who would even buy Quest hardware and software org? Apple won’t since they have their own effort and they don’t sell cheap products, lol. Plus they don’t do game dev.

Google is a maybe, but they are more on cost savings spree because everything needs to go to AI.

MS - lol, they won’t be buying this. Satya has his hands full with Xbox as it is.

 

[Fake]

Just the ideia is already stupid. I like how much money they spend to cut a person in half lmao.

 

[WhamBamThankYouMaam]

I have yet to meet a person that have tried it. I have never heard anyone that knows how to access it, I have never even heard anyone talk about it.

And I know a bunch of people with vr headsets.

 

[kruis]

Well, now Sony's 400 million dollar Concord fiasco doesn't sound so bad, does it?

 

[Guilty_AI]

Thats like 150 concords of loss

 

[Hot5pur]

I don't even understand how they are burning through cash so quickly. The 1B is an impressive revenue number but they've burned through 60B that is an insane amount of money.

 

[Astray]

How does it not?

Reality Labs is the company responsible for Quest. If they're shuttered after this year, which seems wildly likely after this internal memo, do you think Quest just limps a long separately from them?

At best they'd look to sell the Quest line to someone to recoup some of their losses, but who is going to buy the line if it isn't profitable? Maybe Microsoft , Amazon, or Apple would, but I'm not sure that without the advertising through Facebook and Instagram, anyone is going to have half the success that Meta had with it.

It might be the leader in VR gaming, but that's not the brag you might think it is. Most of their major games are 3rd party or they bought the 3rd parties like Beat Studio who makes Beat Saber, which still gets published on PS5.

The Quest headset line-up is to the Metaverse what the Xbox console is to Gamepass: The HW is the growth vector for software, and if said massively-subsidized HW doesn't sell enough units to create a large enough userbase that buys the massively-expensive, but high-margin SW, then revenues won't cover the expenses and the org would get downsized or worse.

Look at what happened to the Amazon Alexa division for example, it's a by-now familiar story of big tech-funded, perpetually-money-losing enterprises that are suddenly being asked by the C-suite to turn profitable ASAP at all costs.

 

[lockdown2222]

It was kind of a dumb science fiction idea. Like it was supposed to be the vids from Minority Report. But I knew as soon as I saw for the first time that creepy ass ad they made, they had no idea wtf they were doing.

 

[Interfectum]

That's 60 GTA6s. Where the fuck did the money go? Everything they've put out looks shit.

 

[StereoVsn]

That's 60 GTA6s. Where the fuck did the money go? Everything they've put out looks shit.

Too many people drawing too high salaries doing R&D on hardware and software.

Edit: and it’s probably estimate of the spend since the start of Metaverse and Oculus push so almost a decade.

 

[Magic Carpet]

I still don't know what a Metaverse is. An Avatar? The Quest 3 it's basically a room you go into to customize an avatar and look at yourself in a mirror.
60 Billion to make a room with a mirror? I don't understand the concept.

 

[Mibu no ookami]

I still don't know what a Metaverse is. An Avatar? The Quest 3 it's basically a room you go into to customize an avatar and look at yourself in a mirror.
60 Billion to make a room with a mirror? I don't understand the concept.

60 billion dollars trying to make the VR facebook.

Sony could put out Playstation Home VR and they'd probably get there faster than Meta for a fraction of the cost.

Meta is betting on VR having higher engagement and monetization than basic social media, that's why they bet big on metaverse, whereas sony is just dabbling in VR.

 

[ReBurn]

It's too soon for a "metaverse" and Mark Zuckerberg was the wrong person to try to take us there. He's just not a visionary. People are fine with their online society as it is. They don't want to strap hardware to their head and live their life inside a bad video game.

 

[CLW]

 

[HogIsland]

This is twice as much as humans invest in fusion energy... just so they can serve fully immersive advertisements.