• masterspace@lemmy.ca
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    7 hours ago

    Capitalism is deeply flawed, but what you’re experiencing is a failure of social media and journalism.

    Everyone guffaws about Meta because everyone hates them, so bloggers write shitty vacuous click baity articles that just twist and distort everything meta does to make them look as terrible as possible. And while they’re shitty, they’re not shitty and incompetent in every single possible way or else they wouldn’t be as rich as they are.

    But these vacuous articles that bend over backwards and diatort the truth to paint them as incompetent in every possible way then leaves people going “how could anyone be that stupid?”, and the reality is that they’re not that stupid, you were just misinformed by outrage journalism.

    Despite the guffawing about shutting down Horizon Worlds, there’s a good chance that Meta’s reality Labs bet will still be a smart financial play in the long term. Google, Apple, Microsoft, etc have made billions by controlling the dominant OSes and Meta has far and away the strongest augment reality operating system as we head into AR glasses actually being viable from a technology standpoint.