[pureliquidhw]

I would have agreed with you back when I only watched concerts that cost $20 bucks and the seats were General admission. But lately most acts I see are $100+ and you're assigned a seat and eventually everyone stands. Examples include Foo Fighters, TSO, Dream Theater, Book of Mormon (no standing), and Doobie Brothers. All were at different venues and all were enforced assigned seats with no energy allowed. I'm not sure VR is there yet, but I bet in less than a decades time there will be economical virtual options that achieve parity of experience for some people.

I'm not claiming it's the same for everyone. I'm not claiming concerts are going to go away. I do however see a valid business opportunity in creating a new class of seat.

Remote workers could go together, long distance relationships could make it a date. Rural Polish fans of Japanese metal could see a more immersive set than just a YouTube video.

The issue I see is that FB doesn't have a moat for this type of experience. Anything in the metaverse can be replicated by MS (discord + Xbox), Sony (hardware experience + Playstation), or maybe a partnership between Valve, ticketmaster, and Twitter.

In short, virtual concerts, probably. FB being saved by them, probably not. But hey, I've been wrong about Facebook since their IPO.