Meta’s $77 billion bet: Economist Dean Baker on Zuckerberg’s metaverse loss; calls it a cost to society

Economist Dean Baker criticizes Mark Zuckerberg’s $77 billion Metaverse investment as a “stupid” decision, arguing it represents a societal cost by diverting resources from productive uses like affordable housing. Meanwhile, Meta is aggressively pursuing AI, acquiring startup Manus to bolster its chatbot and compete with rivals.