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 @oneiros It would have been cheaper and more productive for Zuck to have bought Linden Labs, slap $10M golden handcuffs on all the employees to prevent loss of institutional knowledge (there are only 250-odd people there!), scale up the servers and roll out a re-skinned version as their own thing. I mean, it's a successful VR metaverse with ~million users that's been around and presumably profitable since 2023? SL GDP was estimated at $500M in 2015, so FB could afford them …