Into The Meagerverse

The air was thick with excitement last week as Meta/Facebook/MakeMyNudesFight.com announced that they had “10x’d” those using their social VR platform Horizon to a whopping 300,000 monthly active users. I can’t even write “this may seem high” because it does not seem high at all, and in fact is an alarmingly low number of users for a company that spent billions in R&D on the metaverse. In three months — despite there being 7 million Oculus units sold — they have somehow managed to convert less than 10% of a customer base that does not have a dramatic amount of stuff to play with. Friend of the newsletter Cullen also…