Time to get fit is an understatement.
Ouch.
Worst quote:
In addition, people are confused by what the metaverse even means. If the company were investing $1–2B per year into this project, then that confusion might not even be a problem. You would simply do R&D quietly and investors would focus on the core business and the breakthroughs in AI.
Instead, the company has announced investments of $10–15B per year into a metaverse project that largely includes AR / VR / immersive 3D / Horizon World and that it may take 10 years to yield results. An estimated $100B+ investment in an unknown future is super-sized and terrifying, even by Silicon Valley standards.
Meta is a sinking ship - the Metacurse oops Metaverse is not growing revenues but sucking huge amounts of capital.