Someone please explain the metaverse to Jim Cramer



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If you follow tech news, you might be wondering yourself, what is a metaverse? It’s just. But if you are wondering what the metaverse is, please don’t go to Jim Cramer for answers.

You probably know Jim Cramer as the Chipotle loving man on CNBC shouting about actions and enthusiastically click a button BUY BUY BUY. Well, after the results were called on Facebook last week, Cramer sat down with his fellow “Squawk on the Street” co-hosts to try to analyze what the metaverse really is and what it means for Facebook. I watched this video for about four minutes, and my friends, I don’t think Jim Cramer knows what the metaverse is.

“You have to make it to the Unity conference call in the first quarter, which really explains what the metaverse is,” Cramer explains at the start of the video. “What is the idea you are basically looking at, it could be Oculus whatever, and you say, ‘I like the way this person looks in this shirt, I want to order this shirt,” at the end of the day, it’s Nvidia, it’s based on Nvidia. I was at Nvidia with Jensen Wong, what’s going on … it’s conceivable, OK David, listen to me.

It’s what we call a word salad, but it’s just the start of a weird journey into what the metaverse is, according to Jim Cramer. It should be noted that immediately after this unintelligible explanation, 38 seconds after the start of this video, co-host David Faber is actually reading aloud what Facebook CEO Mark Zuckerberg said the metaverse was. For the record, that definition was “a persistent, synchronous environment where we can be together, which I think is probably going to look like some sort of hybrid between the social platforms we see today, but an environment where you are.” embodied in it. “

To which an angry Cramer says, “He hasn’t told you enough!”

“It tells me what it is,” Faber said in response. It’s a holodeck. It’s like Star Trek. “To be clear, it’s a good metaphor of what the metaverse is, as described by Zuckerberg. But no. Cramer is not satisfied.

Cramer goes on to describe a scenario in which a single person walks into a room, sees another person, and asks, “Do you… do you like Mozart? Have you listened to Haffner? Which then kind of implies a second person recommending to listen to Beethoven’s 9th symphony before Mozart or Haffner, but neither of these two exists and this is the metaverse. In a way Stravinsky Rite of Spring also makes its way into this crazy metaphor. I cannot tell you why or how, although I have watched this segment several times.

The hosts then compare the metaverse to the “tenth iteration of Zoom”, the Terminator, autonomous mobility, AI and Minority report. Cramer then mentions again Unity, Facebook’s SDK for building cross-platform games, as a smaller metaverse. For a second you think Cramer is back on track and he’s going somewhere.

And then he says, “It’s like you come in and really love Shakespeare.” King Henry IV, Part I. You like the talk about … ”At this point, it turns into gibberish. “I’m just saying you can have a discussion about Shakespeare with multiple people. The person on the left does the comedies, the person on the right does the stories, in front of you does the tragedies, and you let off steam. In a way, that too is the metaverse.

At this point, everyone has realized that all that effort is a wash. No one knows what the Metaverse is, although Faber has come quite close to his comparison to Holodeck. Instead, to save their ass and move on to a new discussion, they start to say that Mark Zuckerberg is a genius. And then Cramer says, “When you meet Zuckerberg … he’s actually … pretty consistent! …” To be clear, not when he rides a hoverboard with a flag. It’s regular ‘when you say,’ How are you? »I need a LaCroix.

Before watching this video, I had a pretty good understanding of what a metaverse was. It was, after all, a term first coined in Neal Stephensen’s seminal classic. Snow accident refer to a collectively shared virtual space. A version of the Internet based on virtual or mixed reality. You know, something that Facebook has been offering and gradually working with its VR efforts for years now. It’s also a goofy buzzword to describe what we intuitively understand as the ideal use case for these next-gen technologies. But now that I’ve watched this video on repeat, I don’t know man. I do not know.

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