The important bit that you are missing is that Meta and its metaverse can survive only if the world they are building will be:
1. addictive enough that a very large chunk of humanity will visit it daily (ideally many times a day)
2. attractive to advertisers (I am including shopping in that)
In this context having fantastic software or a fantastic device is not a convincing argument. Facebook.com wasn't a fantastic piece of software when it blew up, hardware is mostly irrelevant (in the sense that it should be so good that it's basically unnoticeable to the user). The metaverse is not a coherent idea - it's a product of an obsessive mind with almost unlimited resources (for now at least).
This experiment has failed already. When early games with very primitive graphics were first released on home computers, they attracted a very dedicated following. People _wanted_ to play even primitive games. Same with many popular desktop applications and websites. Looking at something that is receiving overwhelmingly bad reviews from all target audiences and saying that we just need to invest $50B more does not make sense. The idea has to work at a smaller scale and has to experience organic growth for it to be viable and attractive to investors.
1. addictive enough that a very large chunk of humanity will visit it daily (ideally many times a day)
2. attractive to advertisers (I am including shopping in that)
In this context having fantastic software or a fantastic device is not a convincing argument. Facebook.com wasn't a fantastic piece of software when it blew up, hardware is mostly irrelevant (in the sense that it should be so good that it's basically unnoticeable to the user). The metaverse is not a coherent idea - it's a product of an obsessive mind with almost unlimited resources (for now at least).
This experiment has failed already. When early games with very primitive graphics were first released on home computers, they attracted a very dedicated following. People _wanted_ to play even primitive games. Same with many popular desktop applications and websites. Looking at something that is receiving overwhelmingly bad reviews from all target audiences and saying that we just need to invest $50B more does not make sense. The idea has to work at a smaller scale and has to experience organic growth for it to be viable and attractive to investors.