Micah: this remains the most baffling story in tech in the last decade yes, salaries are high yes, hardware is expensive $45 billion is still an utterly staggering cash burn and I am desperate to get a breakdown of exactly where it went

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Micah rincewind.run
this remains the most baffling story in tech in the last decade yes, salaries are high yes, hardware is expensive $45 billion is still an utterly staggering cash burn and I am desperate to get a breakdown of exactly where it went
- Ed Zitron edzitron.com · Apr 12
  Happy to help. Nothing happened. Everyone pretended like it didn't happen. It's almost entirely gone. Horizon World somehow exists. $45bn basically disappeared into a black hole owed to "lack of a clear vision and mismanagement." Who knows what happened! finance.yahoo.com/news/metas-r...
  Meta's reality check: Inside the $45 billion cash burn at Reality Labs
  
  Meta's Reality Labs division has lost nearly $50 billion in the last five years. Yahoo Finance spoke to several former employees about what's happening inside Mark Zuckerberg's virtual world.
  
  finance.yahoo.com
Apr 12, 2025 02:39
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