Hah, if that's true, they both got burned to the tune of $5B each, I'm sure. So not much payback achieved.
And inside the company, everyone can see that it's an embarrassing loss of interest from MZ after 2 years of urgent enthusiasm that didn't pan out. On to LLMs now!
Meta is also a company with little to no business in entertainment or content creation. Nintendo, Sony, Microsoft, Epic, Valve, etc. have a better chance of making a metaverse happen than whatever Meta is trying to buy their way into.
Meta's entire business doesn't exist without it's user's giving them content. They are so far away from a creative company.
And inside the company, everyone can see that it's an embarrassing loss of interest from MZ after 2 years of urgent enthusiasm that didn't pan out. On to LLMs now!