whenever something seems too dumb to be true, it’s even dumber than it looks.
in this case, he’s just bet on the wrong horse. sometimes that’s understandable: risk means accepting loss. but sometimes, like this, it was obvious to everyone what would happen
facebook isnt innovative, and zuckerberg isn’t either.
other people have already said, but to answer it directly: hardware and hardware subsides. those monstrosities of a headset aren’t cheap
( probably also things like up real estate, infrastructure, and server costs. )