News for hackers. Stuff that matters.

A comment on Meta's Reality Labs loses record $4.65B ahead of Apple's Vision Pro launch. Parent comment

Re:Meta's Reality Labs loses record $4.65B ahead of Apple's ... by antisthenes on Friday February 02, 2024 @01:38PM (#39232420)
Consider that these $42B didn't just vanish into thin air. A lot of it went to wages, which people used to buy homes, food and other goods, stimulating other parts of the economy.

Although I do agree with your general sentiment.

[ Parent | on HN ]
Re:Meta's Reality Labs loses record $4.65B ahead of Apple's ... by Ancalagon on Friday February 02, 2024 @01:40PM (#39232451)
Or could've been used to keep employees instead of laying them off and move them to work in other areas of the business and retrain.
[ Parent | on HN ]