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Meta Plans to Take a Nearly 50% Commission on Purchases Made Inside the 'Metaverse' Despite Complaining About Apple's 30% App Store Cut
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This has got to be the most disturbing picture of all time:
Exactly. As long as there are humans with dollar signs in their eyes (and humans with dollars to spend), there will be always be someone there to sell the shuffleboard stick with the cosmetic that shows a cloud of dollar bills around it for $39.
I’m reminded of Playstation Home, FAR smaller scope, of course… there were small companies selling virtual goods pulling in 7 figures. This has the potential to be a virtual never ending tap of cash to the enterprising developer that gets it right.
HALF? Someone's got delusions of being Thanos.? Just like the Mad Titan, Zuckerberg has snapped.?
Someone's got delusions of being Thanos.? Just like the Mad Titan, Zuckerberg has snapped.?
This makes me think that my decision to delete my Meta accounts was the correct course of action.
That being said, I will defend Meta's right to set rates on their product. Consumers and developers can decide if the arrangement works for them and develop and consume those apps. Or they can opt out and not use the service or the apps. It will be interesting to see if Epic will charge similar commissions, or go lower, and force Meta to either compete on price, or offer a better service that justifies their higher fees.
Of course, I'm sure that agencies and legislators in the EU will be teeing up regulations and legislation that will affect US companies that offer these platforms. Not that there would be any companies in the EU that could or would compete...
That being said, I will defend Meta's right to set rates on their product. Consumers and developers can decide if the arrangement works for them and develop and consume those apps. Or they can opt out and not use the service or the apps. It will be interesting to see if Epic will charge similar commissions, or go lower, and force Meta to either compete on price, or offer a better service that justifies their higher fees.
Of course, I'm sure that agencies and legislators in the EU will be teeing up regulations and legislation that will affect US companies that offer these platforms. Not that there would be any companies in the EU that could or would compete...
Just think, a company that gives away its products for free thinks it can charge 47.5%. Imagine how much Apple, whose only aim is to gouge customers, would be charging in a similar situation? My mind boggles.
I guess I'm surprised Facebooks stupidverse still exists, but then I guess it takes a while for a stupid thing to bleed to death when a legion of impressionable VC goobers gamble their new money on it.
That is ridiculous... though I am waiting for the Apple version. I would love being able to have augmented glasses where I can have all of my work as a writer hanging up on the walls of my office and simply "pull one down" in order to read it or work on it. Imagine turning an entire wall into a large whiteboard without having the spouse get upset or tempting the cats to play with all that string... Plus being able to have the news on as I type without my hubby having to hear it while he watches whatever he wants from from the same spot on the wall. It would go a long way to really combining two offices into one without stepping on each other's toes.
Oh! I almost forgot my favorite bit about this daydream. Being able to have custom walls per project and simply swipping them in and out of existence as I switch between projects. No more having to carefully partition space between the three novels I am working on.
Oh! I almost forgot my favorite bit about this daydream. Being able to have custom walls per project and simply swipping them in and out of existence as I switch between projects. No more having to carefully partition space between the three novels I am working on.
Now we know why they complained.
It is because Apple charges only 30%.
It is because Apple charges only 30%.
I can tell you exactly how much, 30% or 15% if you make less than a million a year
The only way that will happen is if Zuckerberg goes all over the country trying to raise money for FaceBook and then freezes their bank account to get the attention of the person running the company. Then when the move comes out you'd have to get Andrew Garfield to play Zuckerberg. Problem with that is Andrew Garfield does not look enough like Jesse Eisenberg to play Zuckerberg. ?
That is for the appstore. This is different. They have to build metaverse and maintain it (I believe FB is spending as much as 10B for this). The 47.5 has two components, one is for the hardware platform, which is 30% and the other is the asset store, for which it is taking 17.5% - similar to Apple's 15 to 30% cut. So, it is not just going to be 30% or 15% by Apple on Apple's metaverse (or whatever it will be called when it comes). Trust me, don't hold your breath for 30% cut by Apple.
Market players with perceived dominant positions often do that, because such regulation serves to keep out new competitors.
Something something.... We are for small business... Something something (insert more BS here)
So, if you make up a ******** name for the commission like "hardware platform fee", then you can pretend that 47.5% is really 17.5%. Seems reasonable.
EU regulators will be ready to intervene, just look at the EU v Apple and 15%-30% is not clear if 30% too much tho 15% reasonable that Apple only introduce because of these legal challenges and Meta demanding 50% never going to happen in the EU or US as both will take his company to court.
The moment they are deciding if sideloading on iOS should be allowed and if yes then Microsoft, Nintendo, Sony, Facebook ... all will have too as all companies will have to be treated equally, as can't force Apple to allow third part stores and not the likes of say Sony, Microsoft or Nintendo
The moment they are deciding if sideloading on iOS should be allowed and if yes then Microsoft, Nintendo, Sony, Facebook ... all will have too as all companies will have to be treated equally, as can't force Apple to allow third part stores and not the likes of say Sony, Microsoft or Nintendo
It's still an open standard. There's nothing really stopping anyone from making any website they want and putting it up on the internet. Yea, there are some examples of search engines displaying more or less of certain websites, or certain hosting companies deciding what can or can't be hosted on their servers. But at the end of the day, the internet itself is still just as open today as it was in the beginning. There is nothing stopping anyone from putting a website up on the internet, and there is no global tax that some new innovator must pay in order to build a website and sell online.WAS, right up until corporations found they can make money on it.
The metaverse is closed off from the start, and is fundamentally completely different from the ground up. The internet took off because millions of people all around the world had many incentives to help get it off the ground (and those who did adopt an online presence were soon very generously rewarded economically for it, there was no incentive to develop alternatives because the internet was decentralized by design). The Metaverse, by contrast, incentivizes fragmentation because the corporate gatekeeper model benefits FB more than it benefits the public. As Meta grows, so will its competitors.
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