I have watch The Future is a Dead Mall.. I guess I just have a hard time wrapping my head around $100B in sunk cost and someone going "Yeah, just a bit more!"
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Then let me ask you this: What happens if or when Facebook gives up on the Metaverse stuff? What happens to people with stock? With metaverse properties? With managers in third party companies who've launched expensive metaverse projects? With the product owners at Meta?
Oh yeah, I get that there someone who is going to lose their job, and they want it to keep going
I guess my broke ass just don't understand why investors would tolerate a sunk cost on that scale
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I guess my broke ass just don't understand why investors would tolerate a sunk cost on that scale