Did Mark Zuckerberg Throw $77 Billion in Our Money Into the Toilet?

Photo by Annie Spratt

Meta recently announced that it was sharply cutting back its Metaverse division so that it could put more money into its AI projects. This is after its CEO, Mark Zuckerberg, spent around $77 billion to build up his Metaverse, which apparently never really caught on with users.

On the one hand, this can be seen as just a mistaken investment decision of the sort companies make all the time, just an especially large one. And it was Facebook’s money in the sense...