andrewducker | Interesting Links for 28-10-2022

"I have no idea how Meta spent this much money on VR nonsense"

By illegally selling user data, not paying enough taxes and paying ridiculous low amounts to settle some lawsuits? Seriously that's like 40% of their 2021 net income according to wikipedia. But when you see the videos about it (not about the VR headset itself), it seems Zuckerberg is definitely convinced that VR in all aspects of ours lives is our future, and that it'll happen during his lifetime. Or he's too proud to admit this was a bad idea and can the whole thing.

I know where they got the money from - I just don't know what they spent it on!

Well I wonder if the amount mentioned is for AI, VR and augmented reality or strictly VR (and which aspect of it then? The assets and apps?). And whether this includes the amount spent on acquiring tech companies as well.

It's surprisingly easy to build up very, very large departments to do Strategic Stuff. And then nobody really knows what to do because of a lack of vision and direction, and before you know it, you piss all that money away without having anything to show for it.

If the total average cost to hire a person (office space, salary, benefits, HR overhead) is $150,000, that means they have 100,000 people sitting around making no useful product. That's more people than 3M has!

Good point -- it is a mindblowing amount of money. Though I can't say I'm opposed to Facebook eating itself in this way and then quietly imploding.

It allows them to write off some tax as well?

Interesting Links for 28-10-2022

no subject

no subject

no subject

no subject

no subject

no subject

no subject