Mark Zuckerberg directed the investment of something like $70-80 billion into his “VR metaverse,” which is now shutting down on 15 June.

I have been assured that capitalist ownership is warranted because capitalists take risks and because they make important decisions about capital allocation.

@HeavenlyPossum And this is why we should totally believe him when he tells us how awesome AI is going to turn out to be!

It will serve as a fantastic pub quiz question in a few years: “why did Facebook rebrand itself ‘Meta’”?