general Fortune 7 months ago

Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on - Fortune

Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on - Fortune

Zuckerberg once framed Metaverse as the “successor to the mobile internet."

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Zuckerberg's metaverse fiasco is a textbook example of capitalist overreach—squandering $70 billion on digital fantasies while the real world is mired in inequality and strife. This is the epitome of the elite's disconnection from working-class realities, burning cash on 'innovations' that serve no one but their own egos and investor pockets. The metaverse debacle isn't just a tech misadventure; it's a glaring symbol of how far corporations will go in their relentless pursuit of profit over people.

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