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The Blaze Media Feed
The Blaze Media Feed
4 w

OOF: Mark Zuckerberg's losing metaverse bet cost Meta $77B
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OOF: Mark Zuckerberg's losing metaverse bet cost Meta $77B

Meta, the company formerly known as Facebook, changed its name back in 2021 as CEO Mark Zuckerberg planted his flag into the “metaverse,” denoting it as the future of his company. Several short years later, all Meta gained from the brash move is an empty digital wasteland, a drop in hardware sales, and substantial losses that could fund the GDP of a small country. With debt mounting, Meta would be in serious trouble if not for the help of an unwitting ally – OpenAI.What is the metaverse?With AI sweeping through the tech industry, it’s been quite awhile since anyone talked about the metaverse. Just in case you forgot what it is (or perhaps you dodged the initial lackluster hubbub entirely), the metaverse was supposed to be a broad digital world that replaced reality.Yep, you read that right.Almost all major brands have either discontinued their hardware or vastly scaled back.In the same vein as "Ready Player One," the metaverse was meant to be a place where we worked in digital offices, played games in virtual arenas, hung out with friends in online cafes, sold and traded digital goods like NFTs (another forgotten relic of the past), and more. Meta even built a rudimentary version of this world called Meta Horizon Worlds, which you can access today, though most people don’t.To dive into the metaverse, all you needed was a pair of virtual reality goggles or glasses — a device along the lines of Apple Vision Pro, Samsung Galaxy XR, or more specifically in Meta’s world, the Meta Quest series. Photo Credit: MetaNobody cares about VRThe mere fact that you’re reading this article on your phone, tablet, or computer — not inside some digital cyberpunk cafe on a cloud server in somebody’s basement — proves that Meta’s virtual reality endeavors amounted to a massive dud. The vision Zuckerberg had in mind for Meta never got off the ground, much less became a vital piece of our digital lives.Why, you ask? The metaverse failed for more reasons than I can count, but here are a few off the top of my head:Price: VR headsets are expensive. Even the “cheap” ones cost hundreds of dollars. While the price was hard to swallow in 2021, shifts in the current economy have made these even less accessible.Comfort: VR headsets are unwieldy. Most iterations available today are big, bulky, heavy, and they’re annoying (or even painful) to wear for several hours or more. Redundancy: While phones, tablets, and laptops have become a necessary piece of tech in most people’s lives, VR headsets are an added luxury. They’re a supplemental gadget at best, all without a “killer app” that sets them apart from the devices we already own.Reality check: As it turns out, people would rather live life in the real world than be trapped in a digital version. Sure, if we were all still stuck at home in a COVID lockdown (as we were when Zuckerberg thought up this wild idea), then maybe the metaverse would be something more than it is today. But alas, the lockdowns were lifted, COVID vanished from headlines everywhere, and real life goes on.The metaverse was destined to failCOVID lockdowns aside, Zuckerberg’s interest in the metaverse was shortsighted from the start. By the time he changed the name of his company and went all-in, consumer interest in VR was already at a notable low. Major brands in the gaming space, like Playstation, Steam, and Xbox all tried their hands at VR headsets, and almost all of them have either discontinued their hardware or vastly scaled back.We’ve seen a similar reception with Apple’s attempt at the VR space. Vision Pro has suffered from staggeringly low sales, poor developer support, and slow innovation. By most accounts, Vision Pro is a massive failure for Apple (despite Tim Cook’s candy-coated outlook), and I wouldn’t be surprised if it discontinues the product in another several years.RELATED: Meta gave sex traffickers 16 chances, says former hire Meta had 17-STRIKE policy for sex traffickers, ex-employee says Photo by Matt Cardy/Getty Images Not to be outdone, Google and Samsung recently teamed up to launch their own VR headset, dubbed Samsung Galaxy XR. If you’ve never heard of this device or even seen it floating around on your social feed, that’s because it’s already headed down the same path as its predecessors. No one’s talking about it, Google and Samsung aren’t actively advertising it, and consumers have already forgotten about it.Meta takes a multi-billion-dollar diveThe overall lack of consumer interest in the metaverse didn’t go unnoticed by Zuckerberg and company. A recent report revealed that Meta lost a staggering $77 billion on its entire strategy, including Meta Quest hardware and Meta Horizon development. To soften the blow, Meta will reportedly slash its VR budget by 30%. Layoffs are also on the way, though the actual reduced headcount hasn’t been announced yet.Luckily for Meta, the terrible news couldn’t come at a better time. As the metaverse melts into vaporware, Zuckerberg’s AI division continues to grow. In fact, if it weren't for the AI boom of 2022 — ushered in by OpenAI with ChatGPT — Meta might be in serious trouble right now. Towering high over the colossal failure that is Meta Horizon Worlds, Meta’s Llama has done surprisingly well with the service showing up in all of Meta’s major apps, including Facebook, Instagram, and WhatsApp. Today Meta AI boasts one billion active users per month.That said, Meta isn’t out of the water yet as recent development delays could cause trouble for the future of Zuckerberg’s AI ambitions. Only time will tell if AI is the vital lifeline Meta needed to escape its metaverse hell or if Llama will join it in the burning pit of dissolution.
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National Review
National Review
4 w

Ford Pays the Price for Electric Vehicle Investments
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Ford Pays the Price for Electric Vehicle Investments

Government mandates and subsidies drove the automaker to bet big on electric vehicles, leaving it now with a $19.5 billion loss.
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National Review
National Review
4 w

The Arsenal of Democracy Can’t Be Backordered
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The Arsenal of Democracy Can’t Be Backordered

We must push harder to build a capable American defense system for the 21st century.
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National Review
National Review
4 w

Spike Lee’s Affordability Thriller
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Spike Lee’s Affordability Thriller

Highest 2 Lowest remakes Kurosawa for the DNC.
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RedState Feed
RedState Feed
4 w

THE ESSEX FILES: AOC's Puerto Rico Trip Highlights the Hollow Core of Performative Socialism
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redstate.com

THE ESSEX FILES: AOC's Puerto Rico Trip Highlights the Hollow Core of Performative Socialism

THE ESSEX FILES: AOC's Puerto Rico Trip Highlights the Hollow Core of Performative Socialism
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NEWSMAX Feed
NEWSMAX Feed
4 w

Ford Retreats From EVs After Billions in Losses
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Ford Retreats From EVs After Billions in Losses

Gov. Andy Beshear crowed mightily when he announced in 2022 that Ford Motor Co. was building a $6 billion EV plant in Kentucky and that he had signed off on shelling out $250 million in taxpayer-funded loans for the project.
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NEWSMAX Feed
NEWSMAX Feed
4 w

Amazon in Talks to Invest $10 Billion in OpenAI
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Amazon in Talks to Invest $10 Billion in OpenAI

Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said Tuesday.
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NEWSMAX Feed
NEWSMAX Feed
4 w

Jack Smith Set for Private Interview With House Judiciary
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Jack Smith Set for Private Interview With House Judiciary

Former Justice Department special counsel Jack Smith is set for a closed-door interview with House Republicans on Wednesday after lawmakers rebuffed his offer to testify publicly about his investigations into President Donald Trump.
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Science Explorer
Science Explorer
4 w

Diagnostic dilemma: An otherwise 'fit' man had a stroke after drinking 8 'high-potency' energy drinks a day
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Diagnostic dilemma: An otherwise 'fit' man had a stroke after drinking 8 'high-potency' energy drinks a day

A man with few risk factors unexpectedly experienced a stroke, and his daily energy drink habit may have been to blame.
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Nostalgia Machine
Nostalgia Machine
4 w

Archie Bunker’s Most Emotional Goodbye On ‘All In The Family’ Required Zero Acting From Rob Reiner
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doyouremember.com

Archie Bunker’s Most Emotional Goodbye On ‘All In The Family’ Required Zero Acting From Rob Reiner

For years, All in the Family thrived on confrontation, with Archie Bunker at the center of nearly every heated exchange. His clashes with liberal son-in-law Mike “Meathead” Stivic were loud, political, and often hilarious. Yet one of the series’ most unforgettable moments arrived not through argument, but through silence and shared emotion. That moment came in Season 8’s “The Stivics Go West,” when Archie Bunker and Meathead of All in the Family finally said goodbye. What should have been just another plot twist instead became a deeply human farewell that still resonates decades later, according to Yahoo! Entertainment. The scene revealed a side of Archie Bunker viewers rarely saw, reminding audiences why the show mattered beyond its laughs. Archie Bunker and Meathead All in the Family Share a Final Moment Archie Bunker/Everett Collection Throughout the series, Archie Bunker and Mike “Meathead” Stivic spent most of their time at odds, representing opposite ends of America’s cultural divide. Their debates defined All in the Family, turning the Bunker living room into a national stage. But in “The Stivics Go West,” those battles faded as Mike prepared to leave New York with Gloria for a new life. Rob Reiner later reflected on filming the goodbye, explaining that the emotions were real. “There was just no acting,” he said, recalling how simply looking at Carroll O’Connor brought everything to the surface. For Archie Bunker, the moment stripped away bluster and bias, revealing genuine affection beneath years of conflict. Why Archie Bunker’s Farewell Still Resonates Rob Reiner and Carroll O’Connor’s characters often clashed because Archie Bunker had a tendency towards brash statements. / Everett Collection The episode marked Mike’s final appearance on All in the Family, closing an eight-year chapter for both characters. Reiner described the experience as deeply emotional, noting how television families often spend more time together than real ones. That closeness made the farewell especially powerful for Archie Bunker, who rarely expressed vulnerability. ARCHIE BUNKER’S PLACE, Denise Miller, Carroll O’Connor, (1982), 1979-83. ph: Mario Casilli / TV Guide ©CBS/Courtesy: Everett Collection Fans continue to praise the scene as one of the sitcom’s finest moments. One viewer called it “a tribute to the ultimate humanity of both characters,” while others argue it should have ended the series altogether. In that quiet goodbye, Archie Bunker and Meathead of All in the Family transcended ideology, leaving behind a legacy rooted in empathy and truth. Next up: Brenda Lee Is Still Rockin’ Around The Christmas Tree As She Turns 81 The post Archie Bunker’s Most Emotional Goodbye On ‘All In The Family’ Required Zero Acting From Rob Reiner appeared first on DoYouRemember? - The Home of Nostalgia. Author, Ruth A
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