This is why Meta’s $73 billion metaverse bet failed so spectacularly

Meta poured tens of billions into the belief that people were ready to abandon reality for a digital substitute. The technology existed, the timing seemed perfect, and the pressure of lockdowns created the ideal conditions. Yet users walked away in droves. What failed wasn’t just a product, but a worldview that misunderstood what humans actually value. The metaverse became proof that convenience has limits.