RIP Metaverse, an $80 Billion Dumpster Fire Nobody Wanted Highlight

The future Zuckerberg wanted, at that time, was not a future anyone else wanted. But he was bold enough to systematically light roughly $80 billion on fire, not because he was willing to stand up and paint a vision of the future, but because Facebook was mired in various horrendous scandals and because he needed to rebrand his company and needed something shiny to point at to keep Facebook’s stock price up. It is bad when actual economists say that money was thrown “into the toilet.”