$META is officially shutting down the Metaverse on June 15th 2026. $90 billion dollars spent on it. Oof.

@Mr_Derivatives What about legs? Do they have legs yet

@Mr_Derivatives I tried to keep scrolling but sometimes clickbait bad takes is just too strong lol

@Mr_Derivatives RIP money

@Mr_Derivatives They’re worth 1.5 trillion. They will get over it.

@Mr_Derivatives it was still ongoing???

$90B write-off sounds brutal but $META stock is UP since the metaverse pivot started. Why? Because the market already priced in the loss years ago and now it gets reallocated to AI infrastructure -- Llama, Ray-Ban Meta, ad targeting. This is actually the most bullish $META catalyst in quarters.

@Mr_Derivatives without ppl like jensen and the zucc we’d still be at fire working on the wheel. (hyperbole being used here)

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@Mr_Derivatives Still converting $80B to INR… calculator also gave up 😭

@Mr_Derivatives Feels like alien mark can’t control his impulses of jumping on the next shiniest thing

@Mr_Derivatives At least they are planning to stop spending more money on it. I guess Zuck is locking in on the AI race

@Mr_Derivatives It was a failure. But there are going to be better days for $META.

@Mr_Derivatives Wasn't it supposed to be fail fast? This was quite a slow fail

@Mr_Derivatives Never forget.

@Mr_Derivatives 90B gone, and not a single avatar to show

@Mr_Derivatives Meta Platforms taking a massive L, $90B experiment gone.

@Mr_Derivatives i give the zucc major props for never being complacent… dude literally just wants to build things. (per interview re: his reaction to ‘social network’ the movie)

@Mr_Derivatives damn time to change their name to AGENTIC or back to FACEBOOK

@Mr_Derivatives This low-profit project has finally ended. Hopefully, Meta's stock price will rebound, and there's a possibility that spending on data centers will increase.

@Mr_Derivatives That’s good news, at least he tried. With advancements in Ai, one of the MAG companies will make, “Ready Player One movie,” a reality.

@Mr_Derivatives How can leadership be so dense about their own product and market base? Wait, maybe their wastoo many yes men in the company to actually says the truth and is scared to offend the big boss. 🤔

@Mr_Derivatives Not the metaverse. Just Horizon Worlds. $90B shows how far narrative can run ahead of real adoption.

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@Mr_Derivatives 90B did not go to the Horizon Worlds app only. But yeah. Major failure that should have been fast failed a long time ago

@Mr_Derivatives That sucks. I keep saying lately how I'd much rather have the Metaverse than all this AI bullshit.

@Mr_Derivatives So, layoffs ?

@Mr_Derivatives I literally just bought my first digital real estate asset on there. You can’t be serious. $250/mo cash flowing, too.

@Mr_Derivatives Noooo. I wanted to have all my pointless meetings there

@Mr_Derivatives $90B is a steep learning tax, but the shift to AI infrastructure was probably inevitable. The compute requirements for next-gen models made the metaverse bet untenable.

@Mr_Derivatives Now Change ticker back to FB?

@Mr_Derivatives What about my real estate purchase on Metaverse?

@Mr_Derivatives Part of it was my money

@Mr_Derivatives AI took over the hype. Metaverse was a cool idea

@Mr_Derivatives Is it going to become Facebook again ?

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@Mr_Derivatives Great news, should have done it 3-4 years ago. 💯