Go watch the launch of the metaverse and consider who would actually want to spend time and money there. Meta is trying to own vr like apple owns it's app store. But apple make a great set of products, that I don't like personally, but they are objectively good. Facebook is hanging on because it's got early market share from a long time ago, and it bought all it's competitors rather than out flank them. So it's lazy in mind and spirit and this is showing up in it's offerings in vr.

Firing 10k people on the back of other layoffs just obscures that for a while.

Boomers were responsible for the late 90s VR hype train.

This latest round is a re-run.

VR was talked up like crazy then and fizzled.

Zuckerberg is old enough to have been an impressionable kid when that was going on. I remember being very excited about it all.