Meta, formerly Facebook, has a bee in its bonnet about AI and is spending as much money as it can. But it had another bee in its bonnet before this — the Metaverse! Virtual reality! Mark Zuckerberg…
  • NateNate60@lemmy.worldEnglish
    18·
    4 days ago

    In a rational world, that fiasco would have resulted in shareholders angrily blowing the e-mail inboxes and telephones of every member of the board of directors and Zuckerberg would have resigned in shame years ago.

    • YourNetworkIsHaunted@awful.systemsEnglish
      3·
      3 days ago

      Seriously. Instead he announced he was going to be throwing somewhat less money into that specific dumpster fire and the investors decided that was worth 4%.

    • veni_vedi_veni@lemmy.worldEnglish
      5·
      4 days ago

      Yea, don’t really have much sympathy for Meta investors, they continue to give money to a company where the founder has a 51% voting share.

      • NateNate60@lemmy.worldEnglish
        3·
        4 days ago

        Well, it’s not really a rational world. I mean, Tesla stockholders somehow still want Elon in charge despite sales, brand value, public perception, and product quality declining under his watch.