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 But stock price still go up - that's the aim. They never cared about actually delivering on the claims, just that mugs would buy shares on the premise that mz wouldn't be spending that much on something unless it was going to earn a lot of dough "one day". Now they have moved the grfit on to AI. As long as there's another "next big thing" the mugs keep buying the shares... And mz's net worth keeps getting bigger.