Rand Group

⚠️ Meta is shutting down its Metaverse, a $80 Billion collapse: In 2021, Mark Zuckerberg was so confident in the metaverse that he renamed his entire company after it. Facebook turned into Meta. The stock immediately lost $700 billion in value. That should've been the sign. But instead of pivoting, he doubled down. Then tripled down. Then quadrupled down every single year for five straight years. Each year the losses grew. Each year the vision stayed the same. Each year fewer people cared. Peak users: 300,000. The target was 1 billion. He missed by 99.97%. 20 million headsets sold. More than half abandoned within six months. Turns out people don't want to attend meetings as a cartoon with no legs. 21,000 employees fired. 1,500 more from Reality Labs alone. And now, Horizon Worlds is officially shutting down in June 2026. $84 billion spent. The most expensive product launch in corporate history. And the legacy? A company that changed its name for a product nobody wanted, built a world nobody visited, and burned more cash than most countries produce. The metaverse was never the future. It was one man's $84 billion bet against reality. And reality won.

Institutions are now buying 3x more Bitcoin per month than miners can produce. Last time this happened Bitcoin doubled in 4 months.

⛽️ The world's most dangerous bottleneck, and the countries that depend on it: 🇯🇵 Japan — 73% 🇰🇷 South Korea — 70% 🇮🇳 India — 42% 🇨🇳 China — 40–45% 🇵🇰 Pakistan — 60%

Iran has fired nearly 2,000 at the UAE. The UAE didn't fire a single missile at Iran. What's the reason?

@crypto_excng Lol

⚠️ Meta is shutting down its Metaverse, a $80 Billion collapse: In 2021, Mark Zuckerberg was so confident in the metaverse that he renamed his entire company after it. Facebook turned into Meta. The stock immediately lost $700 billion in value. That should've been the sign. But instead of pivoting, he doubled down. Then tripled down. Then quadrupled down every single year for five straight years. Each year the losses grew. Each year the vision stayed the same. Each year fewer people cared. Peak users: 300,000. The target was 1 billion. He missed by 99.97%. 20 million headsets sold. More than half abandoned within six months. Turns out people don't want to attend meetings as a cartoon with no legs. 21,000 employees fired. 1,500 more from Reality Labs alone. And now, Horizon Worlds is officially shutting down in June 2026. $84 billion spent. The most expensive product launch in corporate history. And the legacy? A company that changed its name for a product nobody wanted, built a world nobody visited, and burned more cash than most countries produce. The metaverse was never the future. It was one man's $84 billion bet against reality. And reality won.

@adamcryptohayes @Meta Good question

@cryptorand So… will @Meta refund the quest users?

@KobeissiLetter Just finished my TA for the day.... agree, we going up.

BREAKING: The S&P 500 erases losses and turns green as US oil prices fall below $93/barrel.

@mejsidzej Yeah, just a small $84 Billion loss, nothing to lose sleep over

@cryptorand Wow. Unfortunate business decision but at some point its good to cut the loss.

@Funko_Bobble Wonder what happened to all those headsets?

@cryptorand I thought that was a made-up thing?

@Polymarket No tact... LMFAO 😂

JUST IN: Trump while speaking with Japanese PM says — "why didn't you tell me about Pearl Harbor?"

@cryptogoos Thats got to hurt.

🚨BREAKING: Qatar Gas CEO says: We incurred a $20 billion loss at the facility we built for $26 billion two years ago.

@KobeissiLetter Well they could be using those sooner than later

China is sitting on massive oil reserves: Chinese crude oil imports surged +15.8% YoY in February, the biggest monthly jump since August 2023. Growth rates have QUADRUPLED since the end of 2025. After over a year of stockpiling, China has built up an estimated 1.2 billion barrels of reserves. This includes ~851 million barrels of commercial inventory, the supply that would likely be used first. Meanwhile, refiners could start drawing as much as 1 million barrels per day over the next 4 to 6 weeks. In the first week of the Iran War, Beijing already ordered its biggest refiners to restrict fuel exports and prioritize gasoline and diesel production over chemicals as a precautionary move. China is playing the long game amid the Iran War.

@deltasage_ai Definitely not one of Zucks finest decisions.

@cryptorand $84 billion to build a product nobody wanted. At least they recovered 31 cents on the dollar directly. He should have created MetaBucks. Would have been a game changer.

@cryptobyHash What a noob 😂

@cryptorand $80 billion wooshed

@ThatGuyStew It was so hyped up man, we invested in many metaverse projects.

@cryptorand i called this as soon as it started to become a thing. Useless

@Hadometa It had its time, promised lots, delivered little.

@cryptorand Bro that metaverse is traaash

@FifoSatoshi But as already mentioned, pocked change for the Zuck

@cryptorand What a complete waste of money

@nassquantum Very costly

@cryptorand a costly lesson in tech hype versus user reality.

@SailingAssets Yeah, it was a short lived narrative.

@cryptorand $84B to learn that people prefer real friends, real faces, and a decent phone screen.