Let's also consider the physical realities of Metaverse vs. Fediverse.
Metaverse requires hardware that does not yet have mass adoption. You need a VR headset or AR glasses -- something most people don't readily have available.
Those who do have that hardware are constrained by limitations such as battery power.
In contrast, the Fediverse works on desktops, laptops, smartphones -- even a Raspberry Pi.
Hardware is no bottleneck for the Fediverse.
Meta's push into the Metaverse is Exhibit "A" for corporate sunk cost fallacy.
They continue to invest in it because they've already sunk billions of dollars into it.
To stop investing in the Metaverse is to acknowledge failure.
This company is so invested, they even changed their name.