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Meta cancels Quest Pro, stops development of Quest Pro 2 | ZDNET
(www.zdnet.com)
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this post was submitted on 21 Jul 2023
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Most of the money spent on product development is likely going to engineers, graphic artists, industrial designers, and other professionals (who are in turn paying tax on their payroll) or to other software/IP vendors (who in turn are paying their own engineers).
Granted, that's probably not as good a use of capital as, say, direct benefits to people in poverty, but it's vastly better than stock buybacks in terms of public benefit.