- Bite Sized Beta
- 🍪 Meta's metaverse struggles
🍪 Meta's metaverse struggles
Top of the mornin’ to ya, friends. Welcome to Bite Sized Beta, where we give you your daily scoop of knowledge with a heaping side of memes.
We got a nice feast for ya this week, so let’s get to it.
In the oven this week:
🤷🏻♂️ Meta’s metaverse is too meta, even for employees
🍪 Cookie crumbs: 8 bite-sized treats
🗳 Poll of the week
🍫 Chocolate chips: 5 fun finds
😂 Snickerdoodles: weekend memes
META’S META STRUGGLES
Sometimes it sounds nice to be a billionaire. Imagine what you could do with 10 million 100 dollar bills: use it as toilet paper, light it on fire, make the world’s most expensive paper mache, the possibilities are endless!
But then we look at Zuck these days and think, eh, maybe we’ll stick with being poor.
Because man, it's been a rough year for our guy Zuck.
Meta's stock down over 60%, layoffs are rolling in, and he’s personally lost $75 billion in net worth this year. Not to mention he's the most meme-able tech CEO, no matter what he does.
Now he’s got a new problem. Horizon Worlds, its metaverse, is just not taking off.
It’s supposed to be a set of virtual worlds where people can game, party, shop, work, you name it. But leaked internal docs show that there aren’t any girls at the Hot Girl Summer Rooftop Pool Party, and in Murder Village there’s no one to kill.
It’s as barren as our bank accounts in this economy.
They originally set a goal of getting to 500K monthly active users by the end of the year, but the current tally is less than 200K, with most users ditching the app after the first month.
Even 58% of Meta employees say they don’t understand the metaverse strategy.
It's gotten so bad the company is now mandating that employees use Quest headsets to have meetings in the metaverse.
And what do employees have to say?
For Meta, the struggle is actually meta. It basically has to make the metaverse work, because Facebook’s popularity is sliding downhill, Apple’s taking chunks out of its ads business, and it’s gonna need a new revenue source eventually.
Not to mention, you know, the whole name change thing.
It’s not new news that Meta struggles when it comes to new product innovation. It’s gonna be a bumpy ride, but we’re stayin’ here to spectate.
BITE SIZED TREATS
POLL OF THE WEEK
Which city had the highest local tech salary increase this last year?
Take your vote! 👇🏽 No peeking.
Answer’s at the bottom of this email.
5 FUN FINDS
Life questions to ask yourself from a billionaire, a PhD math professor, and a 99 year old man.
A Snapchat engineer built a search engine for memes that’s indexed ~16 million memes
Philadelphia, with an 11.9% increase in base salaries between 2021-22. The SF Bay Area still led overall salaries though ($174K on average) 🙄
Review of the week:
Long live the meme degens!
Drop us a review 👇🏽 and we might feature yours next week!
What'd you think about this email?