Why the Metaverse Failed
SMRTR summary
Facebook's Metaverse wasn't really about immersive social experiences — it was about owning a hardware platform so Facebook couldn't be shut out by Apple or Google. Despite spending billions, the strategy failed because VR was already declining before COVID, and Facebook killed outside innovation by selling hardware at a loss and building a closed ecosystem. The web succeeded through openness; the Metaverse was designed for control.
SMRTR provides this summary for quick context. The original article belongs to Hacker News.
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