Earlier quoted context omitted.
> How is it demonstrable that they aren't worth $1m per year? Probably because of this: > How does any company burn $36 billion on a headset they got handed a prototype for?
That's confusing the decision to work on something with the quality of the folks working on it. Brilliant engineers often work on things which are risky from a market perspective. It doesn't make them less brilliant at engineering when it turns out there isn't a market for the thing. John Carmack appears to be brilliant. I'd guess he would admit the VR market didn't turn out as hoped.
That's not what he said though. What he said is that Meta is basically incompetent.