Single Greatest Wealth Loss In History: $100 Billion Zuck-Bucks Vaporized As Meta-Bet Bombs

The_Krakenite

The_Krakenite

Oh well, another Jim Cramer stock pic repeats history AGAIN.

So much for Metaverse 2.0

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https://www.zerohedge.com/markets/100-billion-zuck-bucks-eviscerated-meta-bet-bombs
 
That's what I've heard over the years. A good showman, I guess. But his ex wife saved Cramer Berk in 98 and Toddo was the only one who could trade worth a damn.

Much better off just buying SP500 on dips, than ever listening to him.
 
Many months back, I had mentioned this Metaverse shit is just a re-hash after the flop a generation ago prior. But... seems there is no end to people who are re-discovering this now as some new thing and think that THIS TIME IT'S DIFFERENT.

I invite anyone who bought into the current verse-hype bubble, to take a look at all the defunct virtual-reality hype crap that not only failed, but also failed to sell for all the ancient gaming consoles, despite the hype was just as prevalent THEN. Take a look at all the VRML books (by the hundreds) your local libraries used to stock 20+ years ago... and where did they all end up?

Paper-recycling...

For those who missed the bubble the first time around...
 
The_Krakenite said:
there is no end to people who are re-discovering this now as some new thing and think that THIS TIME IT'S DIFFERENT.
More...
But that's what allows the smart money to make money. They need a constant stream of illusions to dupe the naive herds.

BTW I highly doubt Zuck's entire portfolio is tied to META. These guys use the brightest financial advisors on the street.
 
I think the headset alone is not enough power to create the real virtual reality. Facebook might end up designing a dedicated hardware for crunching/processing the data.
they would also need to create contents for the technology such videos, games
 
HeSaidSheSaid said:
I think the headset alone is not enough power to create the real virtual reality. Facebook might end up designing a dedicated hardware for crunching/processing the data.
they would also need to create contents for the technology such videos, games
More...

What happened here is Zucker saw the movie Ready Player One, got excited, and in a fit of Elon Musk Asperger's-like behavior thought it would be the future of the world. He is too young to remember that when he was a youngin', this shit was tried before, and FAILED. When he was a teen it was tried again, and it failed.

Now he is having a mid-life crisis as he nears 40 YO, and is trying to make his "waaaahhh-wahhh I want that to happen" shit come true, and it won't work.

Nobody wants to live in a Ready Player One world. That is evidenced by how well the airlines are doing as we come out of this pandemic. People want REAL experiences, not fake ones. They tried it with Zoom during the pandemic, and they want no part of it anymore.
 
Overnight said:
What happened here is Zucker saw the movie Ready Player One, got excited, and in a fit of Elon Musk Asperger's-like behavior thought it would be the future of the world. He is too young to remember that when he was a youngin', this shit was tried before, and FAILED. When he was a teen it was tried again, and it failed.

Now he is having a mid-life crisis as he nears 40 YO, and is trying to make his "waaaahhh-wahhh I want that to happen" shit come true, and it won't work.

Nobody wants to live in a Ready Player One world. That is evidenced by how well the airlines are doing as we come out of this pandemic. People want REAL experiences, not fake ones. They tried it with Zoom during the pandemic, and they want no part of it anymore.
More...
I would really, really like to agree with you, but when I see the amount of time in the virtual world my teenager spends, I think the Meta might have a long term chance. Just not with my money.
 
Zuck played too much Eve Online and figured he could VR the space and monetize the VR RE. Nobody GAF about VR regardless of the hardware gains. VR still sucks. META is a cluster fuck of Groups for hobbyists that lack monetization and the local sales forums are Byzantine. I was selling.a Sorinex rack on META and didn’t get a single hit in days. Sold it on Craigslist in 45 minutes.

my kid is an elite gamer and has all the VR hardware and he doesn’t touch it. META is trying to reinvent a fad that failed due to hardware and network limitations and now nobody cares.
 
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