Despite all the fanfare around ZuckerNozzle’s plans for a cryptocurrency that was predicted to bring in ‘billions’ in new revenue, the project has crashed out with barely a whimper. Meta Platforms Inc, agreed to sell assets tied to the project born in 2019 as Libra and now known as Diem to Silvergate Capital Corp for about $200 million. After a fierce push-back from regulators and central banks, the project’s death was inevitable. No surprise that Facebook (OK, fucking Meta) continues to struggle to develop new services without buying them with its massive war chest. In a toughening regulatory environment, that doesn’t bode well for ZuckerNozzle’s grand metaverse plans, a dumb fuck direction he has bet the entire company on.
2022 Ain’t 1984.