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by CamperBob2 3087 days ago
I think it is a very valid point to asked how a company could have been presenting something that was not possible, why people invested in a company saying things that were not possible, and why Magic Leap is holding to the fiction that it might be possible. It seems to me to be a pretty simple question. Were they lying or did they not know what they are doing?

I've heard them referred to as the "Theranos of VR" more than once. And people are still throwing money at Theranos ( https://www.bizjournals.com/sanjose/news/2017/12/26/theranos... ).

About the only conclusion that I've been able to draw is that a lot of people simply have too much money.

1 comments

> I've heard them referred to as the "Theranos of VR" more than once.

Wouldn't "uBeam of VR" be a more apt description? There's no outright fraud yet, just (apparently) tons and tons of bullshit and impossible promises.

> About the only conclusion that I've been able to draw is that a lot of people simply have too much money.

In case someone with an itchy wallet reads this:

I'm working on quantum flux capacitance technology that can revolutionize cold fusion research schedules. I need only a modest $10M and zero oversight to bring it to a market. It's a safer and better investment (AAA+ five stars!) than Theranos - I'm not a kind of person that could turn it into a massive media scandal. Contact me, and I'll tell you where to wire the money.