counternotionsWhy you never heard the words “metaverse” or “VR” at WWDC23.
Metaverse market value predictions
McKinsey: $5 trillion
Citi: $13 trillion
Reality:
https://www.thenation.com/article/culture/metaverse-zuckerberg-pr-hype/
via @FrankPasquale
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pgcd@counternotions @FrankPasquale while I'm all for dunking on Zuck and Meta, the real takeaway here is just how *wrong* McKinsey and Citi (who are among the kingmakers, mind) managed to be.
Either they're incredibly gullible (which wouldn't be good) or they're in on the steal (which wouldn't be good) but, in any case, the idea that they're the ones who decide what companies get to live is chilling.
Either they're incredibly gullible (which wouldn't be good) or they're in on the steal (which wouldn't be good) but, in any case, the idea that they're the ones who decide what companies get to live is chilling.
@pgcd @FrankPasquale They maybe greedy, but they're not gullible.
@counternotions @FrankPasquale no argument re: greedy, but I wouldn't discount the gullible thing - somehow Zuck made a lot of money and if Zuck tells you he's gonna make more money, it might be easy to become gullible.
Bornach@pgcd @counternotions @FrankPasquale
Metaverse was basically a VR real estate scam
https://finance.yahoo.com/news/report-reveals-metaverse-properties-face-023109028.html
Violet Madder@pgcd @counternotions @FrankPasquale Has it occurred to any of these people that maybe, possibly, just maybe, they're not actually magical super geniuses, but just some nerd who happened to be in the right place at the right time and tripped over huge piles of cash in a casino that's going mad as it collapses?
@violetmadder @counternotions @FrankPasquale nah, that would require the kind of introspection that techbros and investors surgically removed when they were children.