[HN Gopher] Facebook's metaverse spending will top $10B this year
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       Facebook's metaverse spending will top $10B this year
        
       Author : corysama
       Score  : 14 points
       Date   : 2021-10-26 20:12 UTC (2 hours ago)
        
 (HTM) web link (www.protocol.com)
 (TXT) w3m dump (www.protocol.com)
        
       | rank0 wrote:
       | I don't even know wtf this means. Is the zucc building his own
       | digital asset infrastructure? Is he funding third party NFT
       | projects?
       | 
       | We've had skins and avatars since the dawn of the internet. What
       | exactly requires $10b in spending?
       | 
       | I'm imagining that black mirror episode where peasants ride bikes
       | to earn points to spend on accessories for their little avatars.
       | 
       | Oculus will surely be a closed ecosystem. Just build a god damn
       | database and web api so oculus games can integrate these silly
       | pixels.
        
       | Geee wrote:
       | There's no way anyone wants to use metaverse that's controlled by
       | FB.
        
       | learninpublic wrote:
       | This is the kind of long-term investment needed to push metaverse
       | forward. I think it basically requires a founder-CEO to
       | accomplish, as public markets apply way too much short term focus
       | to any other executive.
       | 
       | Seems like FB or TWTR or NTFLX or TSLA are the only big players
       | able to accomplish risks like this at this point...
        
         | andvr wrote:
         | FB is spending 50 billion on stock buybacks. Thats the biggest
         | sign they have no clue what to do with the cash they have. From
         | such people's imagination the metaverse is produced.
        
           | roflchoppa wrote:
           | They could build a Bart extension from union city to East
           | Palo Alto. There's already a track.
        
           | dilyevsky wrote:
           | My theory is the whole metaverse charade is just a nice story
           | for investors in hopes to figure things out later when this
           | inevitably doesn't pan out. Kind of like g+
        
       | heurisko wrote:
       | I remember using Facebook as a good way to organise meetups
       | between friends in the realverse.
       | 
       | I switched to communicating close friends on Whatsapp when I
       | noticed that photos and experiences seemed to be shared to prove
       | more that you were having a good time, than actually having a
       | good time. (I felt myself also doing this at times, and didn't
       | like it).
       | 
       | If anything, I think we need far less of our convivial social
       | lives being mediated through corporations, not more.
       | 
       | I use the word "convivial" after Ivan Illich, [1] who would view
       | Facebook as part of a distopia.
       | 
       | > Zuckerberg said in the Q3 2021 earnings call Monday: "If you're
       | in the metaverse every day, then you'll need digital clothes,
       | digital tools, and different experiences. Our goal is to help the
       | metaverse reach a billion people and hundreds of billions of
       | dollars of digital commerce this decade."
       | 
       | This to me sounds like someone who has become detached from
       | reality.
       | 
       | [1] https://en.m.wikipedia.org/wiki/Ivan_Illich
        
         | lethologica wrote:
         | To me it sounds more like the next logical step to the MMO game
         | "Second Life".
        
         | Darmody wrote:
         | Just today I got an offer related with NFTs. A guy I know,
         | basically makes pictures, a batch of them where everyone has
         | something unique.
         | 
         | He sold his first batch. Now he's working on the second one. A
         | few thousand pictures, hundreds of dollars each.
         | 
         | And here I am, with a crappy salary writing code.
        
           | kranke155 wrote:
           | You could say that about any successful artist
        
             | Darmody wrote:
             | Yeah, but this guy is not an artist. He has an unrelated
             | job and does this as a hobby.
        
         | heyitsguay wrote:
         | So, more consumerism, fueled by artificial digital scarcity.
         | Gross.
        
           | a9h74j wrote:
           | You will own only meta-things and be happy.
        
       | sabhiram wrote:
       | If only we spent more time having fun as opposed to pretending
       | to.
       | 
       | My biggest gripe recently is the fact that Zuck and Co take bites
       | out of my food and drink long before I can. Heck, when I am on
       | vacation, they enjoy the view before I can. What gives? If I
       | could only count the number of times where a hungry me waiting on
       | my food was told to wait because "we need pictures of this
       | awesome food".
       | 
       | When did folks start living for the likes as opposed to just
       | liking their living?
       | 
       | No hurt intended here, but Zuck & co can shove their metaverse
       | somewhere the sun don't shine for all I care.
        
         | lotsofpulp wrote:
         | Sounds like you need to be asking questions to yourself and
         | whoever you are on vacation with rather than blaming a third
         | party.
        
       | [deleted]
        
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       (page generated 2021-10-26 23:02 UTC)