The metaverse, a virtual reality-based playground that hasn't made much headway in justifying its own existence so far, is being doubled down on by its creator.
The founder of the company that was bought by Facebook for $2 billion, Palmer Luckey, seems to dislike what Facebook has done with it since.
He told the audience that he didn't think it was a good product.
"It's not good, it's not fun," Luckey said, referring to Meta'sHorizon Worlds, a virtual world meant to facilitate social gatherings and business meetings. Most people on the team don't like it.
Meta's pivot to the metaverse is a key component of the company's strategy, and it's a noteworthy perspective.
It's not the first time that a Facebook veteran has spoken their mind on the pivot. John Carmack, a top Facebook consultant, revealed earlier this month that he was unhappy with the company's strategy in selling a virtual world to the general public.
As a result of the new passion project, the company has been put through a lot. According to reports, the company's metaverse division has been bleeding billions of dollars.
According to internal documents obtained by the Wall Street Journal, most users failed to return to the company's flagship metaverse space after a single month of use.
According to the documents, the company's goal was to get half a million active users by the end of the decade.
It is no wonder that Facebook veterans are coming out to criticize.
Luckey did not predict a total Meta implosion during the conference. He compared the metaverse to a vehicle.
Luckey said that if you hack at it, no one else will see the value. Will they be able to stay upright? Yes, definitely.
Will they use the money well? He asked if they would add things to their project car that would be hacked off. "Yep."
Palmer Luckey compared Facebook's metaverse to a project car, with Mark Zuckerberg pursuing an expensive passion project that no one thinks is worth anything.
There is more on the metaverse.
All Rights Reserved © 2024
