Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Meta shares drop 20% on Q4 earnings miss, weak outlook

nasdaq.com

Post reply on HN
Print view View original

181–190 of 556 posts

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#181

Post by dymk »

magicjosh wrote: post #159
jmknoll wrote: post #150

Earlier quoted context omitted.

I’m with you on this. I received a Quest as a Christmas gift and basically went from 0 to 100 on VR and the Metaverse. It finally makes sense to me. Like you say, there are some issues with the tech, but they’ll be resolved in time, and it’s clear that this is the future of gaming at least, and maybe much of social media/virtual interaction.

Wow what are your favorite apps? And a bit more leading question, what apps have you used in the last week?

In no particular order (well, except for Alyx, which is the gold standard)...

- Half Life: Alyx

- Lucky's Tale

- Beat Saber

- Thumper

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#182

Post by np- »

distrill wrote: post #76
gzer0 wrote: post #59

Here are the results that caused this: - Earnings per share: $3.67 vs $3.84 expected - Revenue: $33.67 billion vs $33.4 billion expected Facebook also missed estimates with user numbers. - Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected - Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected - Average Revenue per User (ARPU): $11.57 vs $11.38 expected Future guidance was the biggest miss…

It's so confusing to me see headlines calling this a "huge earnings miss". Revenue was greater than expected, as was ARPU. I get that the users are under, but this seems pretty far from a huge miss, no?

The reason is that any earnings miss is a signal that Facebook has already peaked and is on its way down and out. Especially considering all the other negative news around it, it might not be able to recover from a tailspin

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#183

Post by akmarinov »

magicjosh wrote: post #148
voidfunc wrote: post #131

Earlier quoted context omitted.

This would be an interesting but perilous pivot... trying to get into cloud infra at this point seems like an insane idea. What would even be the attraction for company to want to run on FB cloud vs one of the established players that now have a decade plus of real world operations experience from running 3rd party customer workloads? If we are spitballing ideas, If I am Zuck I'm looking at figuring out how to buy Va…

Too bad Bungie and Activision are off the table! I like these Zuck spitball ideas tho. Is the idea really that the metaverse is their big next market? I like VR but who the heck believes FB will lead it?

Time to pick up EA and make Fifa and Madden exclusive to the Metaverse

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#185

Post by fleddr »

JCM9 wrote: post #93

Facebook’s core business model appears to be in decline. They don’t have a very diversified revenue stream despite trying various side businesses. This is the market worried that Facebook’s best days are behind it. Facebook is betting the farm on the metaverse stuff but without meaningful financial results that’s not going to placate market concerns over what looks like a downhill future for the core businesses. Face…

"Facebook’s core business model appears to be in decline"

How so? Revenue is up and there's more users. What decline are you referring to?

People have expressed Facebook being passe or not cool for a decade now. They keep growing anyway.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#186

Post by stavros »

dymk wrote: post #170
magicjosh wrote: post #156

Earlier quoted context omitted.

Wow what's better? As an Oculus owner I dismissed the 2 as just aesthetic. Can it run Alyx natively? On the Oculus 1 it requires a PC and cable.

Sorry, I should have been more clear about Alyx - in both situations I'm running Alyx on a PC, and using the headset tethered. That being said, Quest 2 uses a USB-C cable that is quite a bit lighter and easier to manage than the Oculus' HDMI cable.

You can use it untethered too, I haven't had any issues at all with it.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#187

Post by skinnymuch »

changoplatanero wrote: post #161
sabujp wrote: post #140

paypal also had a really bad dip (again) for really no good reason. everyone i know in the US uses paypal to split payments and to send money to others.

a lot of people i know in the US have moved on from paypal and use venmo or other apps now

PayPal owns Venmo.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#188

Post by sedatk »

nikolay wrote: post #66

Well, the VR/metaverse distraction will be their doom! Zuck has lost touch with reality - nobody cared about VR, nobody would!

VR experience is otherworldly. But, Facebook's idea of making a clone of Second Life VR isn't futuristic or exciting at all.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#189

Post by civilized »

jmknoll wrote: post #150
dymk wrote: post #120

Earlier quoted context omitted.

I've been using a roommate's Quest 2 for a few days. A few years ago I was using an OG Oculus. The Quest 2 is so much staggeringly better in every way. So much so that I can see a future where people are spending hours in VR games rather than hours playing games on a monitor. Yes, there are issues to work out with the headbands, weight, general FPS and battery life, but I finally _get_ it. The amount of badassery you…

I’m with you on this. I received a Quest as a Christmas gift and basically went from 0 to 100 on VR and the Metaverse. It finally makes sense to me. Like you say, there are some issues with the tech, but they’ll be resolved in time, and it’s clear that this is the future of gaming at least, and maybe much of social media/virtual interaction.

For the sake of argument let's take you folks' word that it's the future of gaming (for the subset that can tolerate and enjoy the headsets). How much money is in that?

I don't believe for a moment that it'll extend into work interactions. Maybe family visiting type experiences, again for the subset that can enjoy the headset setup.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#190

Post by kshacker »

librish wrote: post #5

Apple vs ad-tech is a really interesting battle. It shows the immense power Apple has in the consumer market today, where they can affect some of the largest businesses in the US unilaterally. Meta is in a very tricky position in that unless they put up an actual paywall users don’t really have any incentive to allow tracking. But putting up a paywall introduces a lot of friction, not to mention the adverse selection…

I think TikTok has it figured out. They have a thing called "Live" and there are people throwing money at the hosts every single day, and guess what : the company gets the 30% (I suspect did not calculate) cut. This may not be enough to pay the bills, but starts the virtuous circle where people buy your (FB) currency and start subsidizing the platform.
Post reply on HN