Right. So, Meta. It’s announced it’s… abandoning Horizon Worlds. Officially “sunsetting” it, which sounds terribly final, doesn’t it? Like a particularly depressing episode of a period drama. June 15th is the date. It’ll still be lurking on mobile, apparently, like a persistent ex, but the VR version is going. Honestly, it feels less like a strategic pivot and more like admitting defeat. But, you know, good. Progress, maybe?
It was supposed to be the metaverse. The future. Mark Zuckerberg, beaming in a digital avatar, promising… well, something. It never quite took off, did it? Which, in retrospect, wasn’t entirely surprising. People have enough reality, thank you very much. And the losses… oh, the losses. Nearly $80 billion since 2020. Another $6 billion last quarter. It’s like watching someone repeatedly throw good money after bad, and then wondering if you should intervene. Which, of course, you shouldn’t. But you do worry.
They could have kept it going, I suppose. Sunk cost fallacy and all that. But honestly, throwing more money at something that demonstrably isn’t working felt… irresponsible. I mean, even I know that, and I once spent £40 on a self-help book about decluttering, which is still gathering dust. So, yes, abandoning it is probably a good thing. For the stock, at least. Me? I’m still working on the decluttering.
Units of hope lost: immeasurable. Hours spent refreshing the stock ticker: far too many. Number of times I questioned my life choices: countless. But, realistically, reducing losses is a positive. It frees up capital. Which, apparently, they’re planning to pour into AI. Which, naturally, makes me slightly nervous.
Because, let’s be honest, AI is the new shiny object. Everyone’s chasing it. And their Avocado AI model is apparently underperforming. Which, again, isn’t entirely shocking. It’s hard. Building something genuinely innovative is really hard. They’ve spent a fortune on infrastructure and talent, and still… underwhelming. It’s like trying to bake a perfect soufflé. You follow all the instructions, and it still collapses. You just end up with a sad, eggy mess.
Is Outsourcing the Answer?
I mean, do they need to build everything themselves? They’re remarkably good at monetizing their existing user base. They’ve integrated AI into their recommendation engine, helping people find more of what they like (which is, admittedly, a slightly terrifying thought). They’ve given advertisers AI-powered tools. It’s all very efficient. Very… Meta.
Perhaps they could outsource the foundational AI stuff. Let Alphabet handle it. Use Gemini as the basis for their development. It would save them a fortune in capital expenditure and boost their free cash flow. It feels… sensible. Which, in the tech world, is almost revolutionary.
They’re brilliant at turning eyeballs into revenue. If they focus on that, stick to what they do best, they could be onto something. The stock might even command a higher multiple. It’s just… a thought. A desperate plea for rationality in a world obsessed with the next big thing.
Regardless of what they decide with AI, abandoning the metaverse was the right move. It’s a recognition of reality. A small victory for common sense. And honestly, in this market, we need all the small victories we can get.
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2026-03-22 13:12