its funny to see people talk about NFT's like they had a Big Plan hidden away that would make every investor smart and rich. if that plan was to burn down and make themselves look stupid then it was a good plan
Crypto did make lots of people rich though. It was actually pretty good. As long as you ignore the fact that everybody who got rich was probably, and definitely a scammer. The only way you got rich was basically a rug pull, or some other con-man-like activity.
Thing is, he was right. As was every other person who warned not to dump everything into it. What tipped me off and made me 100% not want to invest in crypto, was when all these people saying to just be careful got threatened. They weren't saying not to at all, just don't use everything you have. And they got death threats for saying that. If your product is as good as you claim, you don't need to threaten the doubters. Doing so just proves they were right all along. And they were lol.
I swear to god they're tapping into microphones. I've had way too many experiences of talking to family members about needing to buy things, and getting targeted ads for those exact things moments later. It's creepy.
What has given me hope in society is that ALL of these elites will eventually destroy themselves with their own disconnect with the people LONG before they can destroy the WHOLE of society in one go.
I honestly didn’t even know it was out yet. I’m 38, I’m not sure if I’m in their target demographic, if they are going for the middle age+ that still uses it for all their misinformational needs or to attract “the youth”, but kids got their own things and they are WAY cooler. And tons of people (myself included) in the current 35-45 age range dropped it years ago because it’s all garbage. So really? Who is this for?
I agree, but I think their plan and hope is to get an early hold on the fundamental architecture. They know full well that nothing they do today will grab the world by the collar and reassert their dominance. But if they play their cards right, the Web 3.0 of ten years from now will have a great deal of its foundations controlled by Meta. That's what I think their perspective is, at least. As to whether I think this will actually play out that way...nah. They're doomed.
Well, the latter two can be easily answered with "for speculators to scam money out of tech-illiterate upper-middle-class rubes", but as for the "metaverse", I'm just as stumped as you are.
@@Horvath_Gabor For Zucc's ego. He's, much like Musk, feeling inadequate about becoming a billionaire by happenstance so they convinced themselves that they're actually geniuses and nobody else could have done what they did. Which comes crashing down when that attempt fails and they end up proving that they aren't smarter than everybody else, they just were lucky.
All they have to do is make a more high fidelity version of second life. Second life has had a metaverse since 2003 with players creating content, and people can actually make money and sell things on the marketplace, which is needed for a metaverse to succeed. Hell they just released pbr which makes the lighting ingame even better with mesh objects.
@@Ninjastahr They have elements of Second Life in each of them sure but its all of those things together that make a great metaverse. In SL it has its own scripting language along with other supported things that allow for dynamic gameplay. Vrchat and Neos VR and the rest are basically just chat simulators with some VR.
As bad as Google may be, they have hundreds of services and products that are largely beneficial to consumers (many of which are free) and the internet would be unrecognizable without them. You can't really say the same about Facebook.
@@brandon9172 The only thing google does that, sadly, doesn't have a real alternative, yet, is youtube. Otherwise, I have managed to cut google pretty much completely out of my life - it is not that difficult. Facebook's services (just like youtube) are, on the other hand, kept alive by your social network using them, so they are, in a sense, more essential.
Literally had my headset brick for a few days because I was locked out of my account and couldn't link my meta account. Took me HALF A DAY just to find where to contact support. They held stuff I purchased hostage just because I couldn't link an account. No clue how that's even legal
i love how not even metas own workers wanted to play the game. everyone knows its bad, yet they keeping putting money into it. i'd call that proof that mark is not only out of touch, but also an alien lizard trying to kill us all
It's funny that despite all their invasive data collection their ads have never had me click or buy anything. Like am I just immune or are they bad at it?
Meh, google also hit the mark extremely off with me, like goddamn it, sometimes I logged on _with the intent_ to make a dumb purchase and the ads were so shitty I got driven away, how does it fail at the MAIN job so badly?!?
I didn't know that John Carmack left Meta. Is a move as impactful for the image of the company as Henry Cavill leaving the witcher. Whoever don't know about him I suggest the Lex Fridman interview with him. Dude is what happens when you combine a nerd and a chad together.
The "Metaverse" all just feels like Zuck realizing that what happened to MySpace will probably (and debatably is already happening) to Facebook, and is grasping for a new hot thing to keep his company and his relevance going.
The "metaverse" is such a broad, nebulous term that it can apply to Roblox, Second Life, Gaia Online, VR Chat, and every single MMO ever made. Zucc's version of the metaverse is just a ghetto mishmash of things that have already existed for 20+ years.
The first time I heard about NFTs was when my wife was trying to tell me about a Prada NFT that basically amounted to a virtual pair of shoes that cost the same amount of money as a pair of real shoes, any my first and last thoughts were "why would anybody want that". Here we are several years later and my only thoughts regarding NFTs are "why would anybody (who isn't laundering money) want that?"
What's impressive is how Facebook's completely bumbled into their situation. It's clearer now that Zucc's vision of the future is technology as a layer over reality as opposed to a tool, but he's failed to communicate it, market it, and earn back trust that's long since gone. That paired with VR still failing at widespread adoption outside novelty or specialist applications, unless they can find that killer thing that gets everyone hooked, the meta boat will likely sink.
If Valve, who has poured years worth of money, resources, and a Half-Life game into VR and it still isn't widespread; than Facebook never really had a chance.
My grandpa explained perfectly why the metaverse failed. He said that they looked too much into the future and that in the real world, people don't have time to live virtual lives.
The Metaverse is literally just dystopian VRChat. I really don’t see why Zuck didn’t just but VRChat and expand it, but maybe his source code was self-aware enough to realize that he kills most things he touches nowadays and didn’t want to kill off an established platform. How kind of him
Facebook doesn’t sell data, but they will share your data with advertisers to serve you an ad. So while they don’t “sell” it it is part of the product they sell, which is a personalized profile of you
I'm still of the mind that Facebook rebranded itself not to just push the whole 'metaverse' idea but also because Facebook is reaching the end of its lifespan. Think about it, what is the largest demographic that uses Facebook? Old people, and it's not a very good for long term profits if your main userbase is not going to be alive in the next decade or so. So Facebook had to rebrand itself because it is no longer just a singular social media platform.
if the metaverse thing was gonna be spearheaded by one company (which it shouldn't be but whatever) I'd pick Valve. they have the perfect blend of making good digital products and updating at such a glacial pace that large numbers of human beings could actually wrap their heads around the UI before some meddling graphic designer moved everything around.
Back when social media was on the rise, I remember op-ed pieces by digital rights activists saying that the business model of social media platforms like Facebook and Twitter made them an inherent threat to democracy. I ignored the warnings at the time because I was being a curmudgeon and wasn't on social media yet. Then Cambridge Analytica happened, and I suddenly remembered those opinion pieces from long ago and realized that I should have paid more attention. Yes, Cambridge Analytica got in trouble, but they got in trouble over which data they used, not what they did with the data (and some of the data they used legitimately). They used the platform for exactly what the platform was intended, only they were selling a politician instead of laundry detergent or graphics cards. Expect this to happen with greater frequency now that politicians know how successful the tactic is. As for Zuckerberg sinking obscene amounts of money on Uglier Second Life (but with steeper hardware requirements), do not lose sight of the larger tragedy here. Virtual reality games was finally starting to take off as a niche until Zuck hired most of the VR developers in existence (thus greatly reducing the number of VR developers available for making games). VR gaming will most likely die again, and we will never know if it might have been successful this time.
@@GiggaGMikeE Eh, I'm thinking all they would have to do is get it and give them some funding to get ready for the MetaVerse reveal. But yep for sure the censorship would have been extreme.
@@Daan_Knobbout I wish VRChat was just Weebchat. Nowadays its more like Memechat. Whereas Neos is more like Cursedchat. Both have strayed from the right path of anime only.
Love how often Messenger just doesn't work. Like none of it. Notifications don't work, the messages don't work, emojis, gifs, links, photos, videos, loading, logging in, everything is constantly broken. This is, unfortunately, my main method of communication with my family because they are international. So it's something we all have. Everytime I use it, and i use it multiple times a day, it's buggy. It'll even crash other apps. But man they sink so much money into meta. And no one will ever use it
Advertisements that nobody sees because they have ad block on, except now that Facebook is Boomer Book, maybe less tech savvy individuals actually see the ads due to not being tech savvy enough to know to use ad block. I mean I bought 2 things from Amazon solely because Amazon recommended them to me rather than because I was actively searching for it, so I guess that the amount of time the AI learning algorithm has managed to succeed in convincing me to spend my money to buy something is at least more than zero times? That's not complete failure to succeed, and maybe older generations will find the advertisements more alluring? I see ads as something that advertises random dodgy websites and clicking on banner ads is a surefire way to download millions of pieces of malware software onto your computer. I always imagined companies just pay for ad space thinking it actually gets them more customers and then can afford to waste that kind of money because they're making loads of money from people buying their products and/or services already so they don't really care, but I guess I might be wrong about that...
I feel like all Facebook was trying to do was essentially make a video game, targeted towards people who don’t play video games. Kinda like how the Wii was marketed as a pick up and play video game console that anyone could play and have fun with (or how Nintendo made a home video game console successful after a home video game console industry crash by marketing it as a toy), Facebook was trying to gravitate towards that demographic cause they most likely knew just how niche the current vr gaming market currently is. Which explains why most of their ads for the quest 2 were essentially saying, “pfff…this isn’t one of those “video game consoles” that those loser shut ins that never take showers play, no bub, this a bonafide, full on, adrenaline pumping, non stop action experience. $300 please”, which only made things worse because not only did you fail at capturing the market you were going for, but you also pissed off the market that would’ve been interested in you in the first place
I just hate the idea of metaverse, every aspect of it. We need to dial back our dependence on technology. Trying to find some of our local entertainment again in traditions. Of course we can't dial the clock back but we can build on the things that still survived and find a new balance.
I call my quest a meta or oculus interchangeably. I call the thing I talk to my Mom on and complain to the public about what the Rightwing is up to at any given day, Facebook.
Facebook renaming themselves Meta is like Microsoft renaming themselves to "Box" or "X." As of right now, the oculus platforms are literally just consoles as is the Xbox or N64.
John Carmack invented the metaverse in 1993 in id software's offices as they were dicking around in DOOM multiplayer and humanity has been downhill ever since
Facebook is less of a social media platform and more of the landline telephone of social media at this point. Its the most widely known and easiest to access social media website that if it did go bankrupt and shut down that it could seriously damage of whats left of the global social fabric. Same with whatsapp.
Everyone who believed in NFTs as an economic building block were either like 16 or never learned what the Fed. Reserve does to funny little pop up currencies
It's practically the end of Meta/Facebook. The company chose to embrace poor leadership and its leaders have been caught doing much destruction to society. We need new consumer products where the people behind those products have a better way of thinking about the end user.
I've said it before and I'll say it again. Once Gen X and the Boomers are gone, Meta/Facebook will die. Unless the Millenials and Zoomers can somehow revive the platform by switching to it en masse the likelihood of Facebook existing after its current demographic has been wiped out is slim to none.
Sometimes the biggest problem for a Founder is knowing when to go and who to sell to. I feel Mark Zuckerberg and Facebook is suffering from time and size. Once an organization grows too big, it loses something intangible. An understanding at the top of the Grassroots level. Noone acknowledges this officially but the effect is there...
I'm not going to get into what the Metaverse actually fucking is, because that's an exercise in futility at this point - but I will say this. It speaks volumes when Second Life, a platform that trailblazed alongside its' industry predecessor, ActiveWorlds, is still standing and is doing better than Meta's VR Software division is.
There weren't just online multiplayer games, there have also been actual metaverses including using that very term, that are all about socializing, for 20 years. Second Life is probably the most well-known.
I'm sad that Zuck quietly shut down the Metaverse. It was providing seemingly endless entertainment value. Oh well, there's always Musky and Twitter (for now anyway)
really despised facebook after it did the whole "oh we care SSSOOOO much about your privacy and protecting your information" right after they got caught selling (cmon it basically was selling) all that info
For your Crypto victory lap video you should make an NFT of all the people who were dumb enough to buy NFT’s crying because of all the money they lost and try to sell it to them.
It's delusional to think that Facebook will end just because one of it's ventures failed. Everyone's grandma knows how to use Facebook to find local flowershops or far relatives and until an alternative site offers all that, Facebook isn't going anywhere. Other apps might be better for messaging, but are a million times worse for finding people (they have infinitely less people to begin with) or businesses, while fb combines these and allows people to share images, posts and a lot of other stuff all in one place, while keeping it simple enough for grandparents to use.
Welp, the reason I just stopped using Facebook was that I didn't understand any of it, so my experience is exactly the opposite as to what you're saying.
The video very clearly isn't saying that. But still, this is a big fumble. It's not just "one of its ventures". They literally renamed the company for this idea. It's a major hit to their value and ended up being a step down in their relevance. Zucc was what he was because he knew how to keep power even with the corporatisation of Facebook, which is now their downfall. His single-minded obsession with the metaverse and way too much power over the corporation could mean even bigger fumbles in the near future. It could very well spell the end of Facebook, even if it's unlikely.
The apparition of this video just two days after my 7 year old personal account was banned due some secondary account I made years ago wich i probably not gonna be able to recover because I couldn't send them my private government documentation due glitches in their shitty document photo system brings me an small light of joy So yeah f word you Mark
Watching NFTs crash in popularity give me lots of serotonin
And it was satisfyingly quick too.
You and me both
It's like a joke you knew the punchline to from the start but makes you laugh anyway
Hey man, you just watch! I'll make brazillions off of my brand new Teeny-Beanie-Funko-Pop-Coin!
I mean crypto itself was always kind of a bubble, but NFTs were like the bubble of the bubble.
Meta crushing it's own existence is so meta
@Don't Read My Profile Picture woops
Metastatic
its*
As it should be
"I don't wanna say "I was right", but I do actually wanna say that, I was right"
Loving your honesty as always.
engage life long victory lap
@@hurgcat what?
its funny to see people talk about NFT's like they had a Big Plan hidden away that would make every investor smart and rich.
if that plan was to burn down and make themselves look stupid
then it was a good plan
Nice lol
Crypto did make lots of people rich though. It was actually pretty good.
As long as you ignore the fact that everybody who got rich was probably, and definitely a scammer. The only way you got rich was basically a rug pull, or some other con-man-like activity.
@@3u-n3ma_r1-c0 Well, you also forgot the part where they got rich off of making other people poorer.
@@Darkout412 That's kinda included in the scam part I think
I think the plan was to scam people of their money with cheap jpgs
Amazing how Mark Zuckerberg invented video games back in 2021. Mans truly a visionary.
For real it's like he never heard or seen VRchat before. Which has been around forever, works better and doesn't look like a mobile game
We are truly blessed to be living at the same time as Zuckerburg, Musk and Bezos. The absolute peak of humanity
@@deptusmechanikus7362 take us back to Hitler, Stalin and Zedong pls!!!
And it'll take a while for VR to get popular. It's still expensive for casual gaming. I've only seen glasses for rental in malls.
@S Mann Just a little salt here, a LOT of pepper there, and we've got a nice cake!
Pretty impressive that NFTs were so reviled that even Mark Zuckerborg was able to perceive negative human emotions and adjust behaviours accordingly.
🤣🤣
You mispronounced “data”. It’s actually “data”. Not to be confused with “data”. Understandable mistake, really.
TNG fans be like
it's pronounced "Date-ya" 💋😘👄🌹
NERD
One is my name. The other is not.
@@viewer-of-content quite the poor attempt at flirting, it's not even funny in the satirical sense
Don't call it Meta. Always call it Facebook. It's like calling Voldemort "Tom" to his face.
@@adriank8792 Petty spite isn’t for them to care about, but for ourselves. If they get even a little bit annoyed, it’s a win
HAHAHA!
Read another book
or calling viacom "Paramount"
@@adriank8792 if they didnt care,especially zucc, they wouldnt change the name from facebook to meta
Me then: Surely the Metaverse isn't just online gaming with extra steps
Me now: Holy shit it really is just online gaming with extra steps
TBH I don't think it's fair to call the Metaverse just online gaming, because it has something most online games don't:
Being boring as shit
Is video games with jobs.
Just a really boring game with really boring steps.
"I'm not gonna take my victory lap today, though; I'll be spacing that out over the duration of my lifespan." My favorite mic drop to date
I can't run a lap any faster.
Thing is, he was right. As was every other person who warned not to dump everything into it. What tipped me off and made me 100% not want to invest in crypto, was when all these people saying to just be careful got threatened. They weren't saying not to at all, just don't use everything you have. And they got death threats for saying that. If your product is as good as you claim, you don't need to threaten the doubters. Doing so just proves they were right all along. And they were lol.
I swear to god they're tapping into microphones. I've had way too many experiences of talking to family members about needing to buy things, and getting targeted ads for those exact things moments later. It's creepy.
What has given me hope in society is that ALL of these elites will eventually destroy themselves with their own disconnect with the people LONG before they can destroy the WHOLE of society in one go.
Going by how it currently going, it might happen like that.
Rich people. Rich people will destroy themselves, "Elites" don't exist outside Mein Kampf.
Hey Dylan, I remember you from that SpaceX server
@@dylangtech Will do. It's a small world
Mark's only good idea was stolen.
I started getting Facebook ads touting that they have personalized ads and watching it felt like that joke advertisement from the Lorax movie
Ik! Like wth?? Are they trying to fool elderly people into think that ad personalization is "cool" before their grandkids tell them about it?
Funny and relatable comment, man I enjoy the content of.
Fun fact. The EU spent 387,000 euro's on a metaverse party that had a grand total of seven attendees. Five of whom were the creators.
Well, luckily the EU got their money back from them.
Thats where my taxes are going. Great!
Everyone was there, but in the metaverse!
@@bigczad9869 i'd feel lucky if my government mentions how bad companies can get, but they don't soooooo
Where was the marketing for that party? Im form the EU and the first time I heard of that party where the news when it flopped
Damn those NFT comment have age like R Kelly's music
Aged like r Kelly's victims
I love how the animated version of Zuck looks more human than the "human" version
I can’t find the source, but I believe his avatar underwent multiple iterations because it was so hard making him look human.
I honestly didn’t even know it was out yet.
I’m 38, I’m not sure if I’m in their target demographic, if they are going for the middle age+ that still uses it for all their misinformational needs or to attract “the youth”, but kids got their own things and they are WAY cooler. And tons of people (myself included) in the current 35-45 age range dropped it years ago because it’s all garbage.
So really? Who is this for?
No one
Facebook owns one or more of those other things 'the youth' use.
Im 25 and dropped it years ago lol
I agree, but I think their plan and hope is to get an early hold on the fundamental architecture. They know full well that nothing they do today will grab the world by the collar and reassert their dominance. But if they play their cards right, the Web 3.0 of ten years from now will have a great deal of its foundations controlled by Meta. That's what I think their perspective is, at least. As to whether I think this will actually play out that way...nah. They're doomed.
it was for investors
The line "That industry exists, its called SOFTWARE" at 10:45 summarises it pretty well
Things certainly have changed since 2004, haven't they?
ohoh society
Hl2 had better graphics than the metaverse
@@hellogoodbye4402 funny you mention that, there’s a hl2 vr mod on steam and it’s actually pretty solid.
What happened in 2004 ?
@oosha1445 I might be missing the point, but what happened is:
None of this kinda shit
That VPN ad was a masterpiece... eat your heart out Pixar.
I actually watched the entirety of that and forgot I was watching a video about Facebook lol
snowman was thiccer than a pixar mom
The entirety of the metaverse, blockchains, and NFTs can be summed up in one phrase: "but why"
Well, the latter two can be easily answered with "for speculators to scam money out of tech-illiterate upper-middle-class rubes", but as for the "metaverse", I'm just as stumped as you are.
Reddit
@@Horvath_Gabor For Zucc's ego. He's, much like Musk, feeling inadequate about becoming a billionaire by happenstance so they convinced themselves that they're actually geniuses and nobody else could have done what they did. Which comes crashing down when that attempt fails and they end up proving that they aren't smarter than everybody else, they just were lucky.
money
Blockchain is not bad in itself, it's just the uses some people give it. But the metaverse...no explanation at all
All they have to do is make a more high fidelity version of second life. Second life has had a metaverse since 2003 with players creating content, and people can actually make money and sell things on the marketplace, which is needed for a metaverse to succeed. Hell they just released pbr which makes the lighting ingame even better with mesh objects.
PBR is still in active development, but is available via the beta 'grid' of Second Life, Aditi. It is expected to release however in Q1 2023.
VRChat, Neos VR, Chillout VR, etc. all already cover that niche nicely though, to be honest
@@Ninjastahr They have elements of Second Life in each of them sure but its all of those things together that make a great metaverse. In SL it has its own scripting language along with other supported things that allow for dynamic gameplay. Vrchat and Neos VR and the rest are basically just chat simulators with some VR.
I've been getting pegged as an anthropomorphic fox on Second Life for nearly 20 years. I don't need Zuck for that.
I have gotten more experience out of attending a wedding on SecondLife than anything involving Meta.
Ever since Cody went insane, his content has really been in an upward spiral. Keep it up big guy.
I honestly didn't like his new content at first, but it started to grow on me.
this is tyler
@@yimb-qe4qd Cody, Tyler. They're all bananas and all their editing has gotten way better
@@Sky_Explorer yeah same
@@bringurownvibe and a lot funnier 😂
What I don't get is why people seem to afford Google so much more leeway than Facebook when they do far worse things as far as privacy is concerned.
It’s not their turn yet
Because Google is actually useful.
Google has products that people enjoy using. You know, like TH-cam.
As bad as Google may be, they have hundreds of services and products that are largely beneficial to consumers (many of which are free) and the internet would be unrecognizable without them.
You can't really say the same about Facebook.
@@brandon9172 The only thing google does that, sadly, doesn't have a real alternative, yet, is youtube. Otherwise, I have managed to cut google pretty much completely out of my life - it is not that difficult. Facebook's services (just like youtube) are, on the other hand, kept alive by your social network using them, so they are, in a sense, more essential.
I'm glad you brought up John Carmack leaving Meta because it tells you basically everything you need to know about the situation over there.
Facebook corrupted the internet. Now the internet is corrupting facebook in return.
Fitting
Abyss staring back.
Literally had my headset brick for a few days because I was locked out of my account and couldn't link my meta account. Took me HALF A DAY just to find where to contact support. They held stuff I purchased hostage just because I couldn't link an account. No clue how that's even legal
i love how not even metas own workers wanted to play the game. everyone knows its bad, yet they keeping putting money into it. i'd call that proof that mark is not only out of touch, but also an alien lizard trying to kill us all
He's not doing a very good job then.
It's funny that despite all their invasive data collection their ads have never had me click or buy anything.
Like am I just immune or are they bad at it?
They are really, REALLY bad at it!
Maybe you’re just not the type of person to buy things that are advertised to you?
@@partricklambaste1235 Could be, I've certainly fallen for the allure of advertising before but it's very infrequent
Economics of reach. The vast, VAST majority of us don't click on ads. But enough do to make it profitable.
Meh, google also hit the mark extremely off with me, like goddamn it, sometimes I logged on _with the intent_ to make a dumb purchase and the ads were so shitty I got driven away, how does it fail at the MAIN job so badly?!?
I didn't know that John Carmack left Meta. Is a move as impactful for the image of the company as Henry Cavill leaving the witcher. Whoever don't know about him I suggest the Lex Fridman interview with him. Dude is what happens when you combine a nerd and a chad together.
He is decisively not a chad anymore, if he ever was. His attendance at the "anti-woke" convention made that clear.
The "Metaverse" all just feels like Zuck realizing that what happened to MySpace will probably (and debatably is already happening) to Facebook, and is grasping for a new hot thing to keep his company and his relevance going.
The "metaverse" is such a broad, nebulous term that it can apply to Roblox, Second Life, Gaia Online, VR Chat, and every single MMO ever made. Zucc's version of the metaverse is just a ghetto mishmash of things that have already existed for 20+ years.
The first time I heard about NFTs was when my wife was trying to tell me about a Prada NFT that basically amounted to a virtual pair of shoes that cost the same amount of money as a pair of real shoes, any my first and last thoughts were "why would anybody want that".
Here we are several years later and my only thoughts regarding NFTs are "why would anybody (who isn't laundering money) want that?"
What's impressive is how Facebook's completely bumbled into their situation. It's clearer now that Zucc's vision of the future is technology as a layer over reality as opposed to a tool, but he's failed to communicate it, market it, and earn back trust that's long since gone. That paired with VR still failing at widespread adoption outside novelty or specialist applications, unless they can find that killer thing that gets everyone hooked, the meta boat will likely sink.
If Valve, who has poured years worth of money, resources, and a Half-Life game into VR and it still isn't widespread; than Facebook never really had a chance.
My grandpa explained perfectly why the metaverse failed. He said that they looked too much into the future and that in the real world, people don't have time to live virtual lives.
This is literally the only youtuber I've found that understands that "low stock price" does not equal "company has no money"
The Metaverse is literally just dystopian VRChat. I really don’t see why Zuck didn’t just but VRChat and expand it, but maybe his source code was self-aware enough to realize that he kills most things he touches nowadays and didn’t want to kill off an established platform. How kind of him
Was... Was that a screenshot from the Ultima Online character creation screen? Boy. That both takes me back and makes me feel incredibly old.
Look up Ultima Adventures
Old school Ultima Online with another 10+ years of development behind it
Facebook doesn’t sell data, but they will share your data with advertisers to serve you an ad. So while they don’t “sell” it it is part of the product they sell, which is a personalized profile of you
I don’t know how I missed Carmack leaving, but that is very dire. Super interested to see what he’s going to be working on next though.
he started a company called Keen Technologies that's gonna work on AGI, so look forward in big advancements in AI over the next few years
I'm still of the mind that Facebook rebranded itself not to just push the whole 'metaverse' idea but also because Facebook is reaching the end of its lifespan. Think about it, what is the largest demographic that uses Facebook? Old people, and it's not a very good for long term profits if your main userbase is not going to be alive in the next decade or so. So Facebook had to rebrand itself because it is no longer just a singular social media platform.
It was a desperation move.
Why is zucks avatar so much more expressive than the real thing?
"I don't wanna say 'i was right' but I will suckel on this victory for the rest of my life"
What a feel
if the metaverse thing was gonna be spearheaded by one company (which it shouldn't be but whatever) I'd pick Valve. they have the perfect blend of making good digital products and updating at such a glacial pace that large numbers of human beings could actually wrap their heads around the UI before some meddling graphic designer moved everything around.
They also, as you said, actually know what they're doing and have poured years worth of money, resources, and a Half-Life game into VR.
Metaverse was a zoom meeting with Xbox 360 avatar graphics on coom googles.
Back when social media was on the rise, I remember op-ed pieces by digital rights activists saying that the business model of social media platforms like Facebook and Twitter made them an inherent threat to democracy. I ignored the warnings at the time because I was being a curmudgeon and wasn't on social media yet.
Then Cambridge Analytica happened, and I suddenly remembered those opinion pieces from long ago and realized that I should have paid more attention.
Yes, Cambridge Analytica got in trouble, but they got in trouble over which data they used, not what they did with the data (and some of the data they used legitimately). They used the platform for exactly what the platform was intended, only they were selling a politician instead of laundry detergent or graphics cards. Expect this to happen with greater frequency now that politicians know how successful the tactic is.
As for Zuckerberg sinking obscene amounts of money on Uglier Second Life (but with steeper hardware requirements), do not lose sight of the larger tragedy here. Virtual reality games was finally starting to take off as a niche until Zuck hired most of the VR developers in existence (thus greatly reducing the number of VR developers available for making games). VR gaming will most likely die again, and we will never know if it might have been successful this time.
Everytime I see the Metaverse it just feels like a worse version of VR Chat
Lol Facebook should have just bought out VRChat or NeosVR, would have been a perfect time with NeosVR since I hear they really crashed a bit ago.
There platforms should be kept away from them.
THANK FUCK they didn't buy VRChat. Can you imagine how terribly they would have fucked it up?
@@GiggaGMikeE
Eh, I'm thinking all they would have to do is get it and give them some funding to get ready for the MetaVerse reveal.
But yep for sure the censorship would have been extreme.
@@GiggaGMikeE They'd make a fuckton of money. And just make ''Weebchat'' or anything similar while Meta made VR family friendly.
Te best scheme
@@Daan_Knobbout I wish VRChat was just Weebchat. Nowadays its more like Memechat. Whereas Neos is more like Cursedchat. Both have strayed from the right path of anime only.
What’s bizarre about Zuckerberg is that he manages to give uncanny valley vibes while being a “real” person.
Bathe in NFT bro tears
Yo the art's super improved since the switch over from hub to husk. Keep doodlin, dude. It's paying off.
It really does seem like they were gambling on companies buying in impulsively to look 'innovative and modern', then find a use for it afterwards
Love how often Messenger just doesn't work. Like none of it. Notifications don't work, the messages don't work, emojis, gifs, links, photos, videos, loading, logging in, everything is constantly broken. This is, unfortunately, my main method of communication with my family because they are international. So it's something we all have. Everytime I use it, and i use it multiple times a day, it's buggy. It'll even crash other apps. But man they sink so much money into meta. And no one will ever use it
Advertisements that nobody sees because they have ad block on, except now that Facebook is Boomer Book, maybe less tech savvy individuals actually see the ads due to not being tech savvy enough to know to use ad block. I mean I bought 2 things from Amazon solely because Amazon recommended them to me rather than because I was actively searching for it, so I guess that the amount of time the AI learning algorithm has managed to succeed in convincing me to spend my money to buy something is at least more than zero times? That's not complete failure to succeed, and maybe older generations will find the advertisements more alluring? I see ads as something that advertises random dodgy websites and clicking on banner ads is a surefire way to download millions of pieces of malware software onto your computer. I always imagined companies just pay for ad space thinking it actually gets them more customers and then can afford to waste that kind of money because they're making loads of money from people buying their products and/or services already so they don't really care, but I guess I might be wrong about that...
"You can look at them, speak to them, put things in them!"
I remember the announcement making its rounds in the news and I was like, "Wait, so he reinvented VR chat?"
I'm honestly still shocked by the amount of companies who really bought into a speculative investment venture so brazenly
You would think there would be a risk factor right? Nahhhh
I feel like all Facebook was trying to do was essentially make a video game, targeted towards people who don’t play video games. Kinda like how the Wii was marketed as a pick up and play video game console that anyone could play and have fun with (or how Nintendo made a home video game console successful after a home video game console industry crash by marketing it as a toy), Facebook was trying to gravitate towards that demographic cause they most likely knew just how niche the current vr gaming market currently is. Which explains why most of their ads for the quest 2 were essentially saying, “pfff…this isn’t one of those “video game consoles” that those loser shut ins that never take showers play, no bub, this a bonafide, full on, adrenaline pumping, non stop action experience. $300 please”, which only made things worse because not only did you fail at capturing the market you were going for, but you also pissed off the market that would’ve been interested in you in the first place
Funni lizard man vr
OBEY THE HYPNOTOAD
“it’s like halo forge mode, but it makes you uncomfortable” 😂
I just hate the idea of metaverse, every aspect of it. We need to dial back our dependence on technology. Trying to find some of our local entertainment again in traditions. Of course we can't dial the clock back but we can build on the things that still survived and find a new balance.
Fun fact: meta spelled backwards is atem, which doesn't mean anything. Like meta
It's been really hard for me to take the Metaverse seriously since I discovered that the name from the 1992 cyberpunk novel Snow Crash
Anyone else notice the bottle of Sweet Baby Ray's being used as a bookstop @ 2:22?
Bruh he really is a reptile
I cannot believe that Meta lost the Shodan style Artificial intelligence formally known as John Carmack.
6:39 You were indeed right, and that indeed got a chuckle out of me.
NFT advertisements are solid proof that just because someone has a lot of money and fame, they're no more reliable or intelligent than the rest of us.
I call my quest a meta or oculus interchangeably. I call the thing I talk to my Mom on and complain to the public about what the Rightwing is up to at any given day, Facebook.
First Twitter now Facebook. Please TikTok please TikTok
I like tik tok
I think instagram is toast and TikTok will have their time
@@Brandonhayhew Instagram is more useful, 'professionally', so I'd expect it to stick around for longer.
Yes, TikTok please die!
TikTok is more similar to the early days of TH-cam. It’s more content creation rather than social media platform.
I love that the older zuck gets the less human he appears
Facebook renaming themselves Meta is like Microsoft renaming themselves to "Box" or "X." As of right now, the oculus platforms are literally just consoles as is the Xbox or N64.
John Carmack invented the metaverse in 1993 in id software's offices as they were dicking around in DOOM multiplayer and humanity has been downhill ever since
Facebook is less of a social media platform and more of the landline telephone of social media at this point. Its the most widely known and easiest to access social media website that if it did go bankrupt and shut down that it could seriously damage of whats left of the global social fabric. Same with whatsapp.
Everyone who believed in NFTs as an economic building block were either like 16 or never learned what the Fed. Reserve does to funny little pop up currencies
It's practically the end of Meta/Facebook. The company chose to embrace poor leadership and its leaders have been caught doing much destruction to society. We need new consumer products where the people behind those products have a better way of thinking about the end user.
That sponsor video feels like the occasional odd dream.
I've said it before and I'll say it again. Once Gen X and the Boomers are gone, Meta/Facebook will die. Unless the Millenials and Zoomers can somehow revive the platform by switching to it en masse the likelihood of Facebook existing after its current demographic has been wiped out is slim to none.
Sometimes the biggest problem for a Founder is knowing when to go and who to sell to. I feel Mark Zuckerberg and Facebook is suffering from time and size. Once an organization grows too big, it loses something intangible. An understanding at the top of the Grassroots level. Noone acknowledges this officially but the effect is there...
I'm not going to get into what the Metaverse actually fucking is, because that's an exercise in futility at this point - but I will say this.
It speaks volumes when Second Life, a platform that trailblazed alongside its' industry predecessor, ActiveWorlds, is still standing and is doing better than Meta's VR Software division is.
Just one question, have you used a Quest 2?
There weren't just online multiplayer games, there have also been actual metaverses including using that very term, that are all about socializing, for 20 years. Second Life is probably the most well-known.
most unhinged ad in a video
I'm sad that Zuck quietly shut down the Metaverse. It was providing seemingly endless entertainment value. Oh well, there's always Musky and Twitter (for now anyway)
Woah, good work on making the ad worth watching 😄
Facebook was fun in 2007. Then it turned toxic in 2014. I quit. Happier.
Metaverse is just Second Life at home. The name taken from older scifi.
Man Cody, your fall into madness really is my favorite saga of the past few years on this website
You should do a video about how TH-cam is sabotaging itself.
really despised facebook after it did the whole "oh we care SSSOOOO much about your privacy and protecting your information" right after they got caught selling (cmon it basically was selling) all that info
For your Crypto victory lap video you should make an NFT of all the people who were dumb enough to buy NFT’s crying because of all the money they lost and try to sell it to them.
I deleted mine when they banned the Common sense brigade for superficial reasons whilst the quiet Australian gets a pass on obvious rule breaks.
It's delusional to think that Facebook will end just because one of it's ventures failed. Everyone's grandma knows how to use Facebook to find local flowershops or far relatives and until an alternative site offers all that, Facebook isn't going anywhere. Other apps might be better for messaging, but are a million times worse for finding people (they have infinitely less people to begin with) or businesses, while fb combines these and allows people to share images, posts and a lot of other stuff all in one place, while keeping it simple enough for grandparents to use.
What about when your Grandparents die? Sure, many Gen X folf use Facebook, but not that many Millennials or Gen Zers do
Welp, the reason I just stopped using Facebook was that I didn't understand any of it, so my experience is exactly the opposite as to what you're saying.
i was really confused to see someone using facebook in highschool
Facebook isn’t going to disappear anytime soon, but where’s the growth? That’s what investors look for, especially in tech.
The video very clearly isn't saying that. But still, this is a big fumble. It's not just "one of its ventures". They literally renamed the company for this idea. It's a major hit to their value and ended up being a step down in their relevance.
Zucc was what he was because he knew how to keep power even with the corporatisation of Facebook, which is now their downfall. His single-minded obsession with the metaverse and way too much power over the corporation could mean even bigger fumbles in the near future. It could very well spell the end of Facebook, even if it's unlikely.
All I could think about was who left the sweet baby rays on the shelf at 2:23
The decline of Facebook, is the same as instagram, and Hi5, MySpace, and eventually someday TikTok will have its fall?
Let's pray for the good
Looks like Facebook is the new Myspace. Tom had the last laugh after all.
Tyler earned his victory lap with regards to those NFT fartsniffers.
What a bunch of dunning Kruegers, seriously.
that missed fist-bump in the intro shattered my non-existent expectations of how bad it already was-
now to tune into the rest-
meta doesn’t have a leg to stand on!
I’ll see myself out
Boy, those comments saying you didn’t know what you’re talking about with NFTs and the Metaverse aged about as well as milk left out in the sun.
The apparition of this video just two days after my 7 year old personal account was banned due some secondary account I made years ago wich i probably not gonna be able to recover because I couldn't send them my private government documentation due glitches in their shitty document photo system brings me an small light of joy
So yeah f word you Mark