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

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

#281

Post by GekkePrutser »

bentcorner wrote: post #252
civilized wrote: post #189

Earlier quoted context omitted.

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.

I've tried working in VR and it's... ok. If you're ok with working on a single monitor at At 1440p and above resolution isn't there yet and pushing multiple monitors through to the headset is still (to my knowledge) not practical. The remote desktop-like apps I've tried only do a single monitor. I like the bet that Quest 2 made with making the headset do all the processing, but it fails for tasks like this. I think e…

ImmersedVR can do multiple virtual monitors. But I think the real step forward is dropping the desktop metaphor and having windows floating free in VR, like Simula are doing. They whole concept of a monitor is more constricting than useful in VR.

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

#282

Post by munificent »

p1necone wrote: post #211
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…

I don't get metaverse - they seem to be throwing lots of money and people at it, and hyping it up like it's the future. But from what I've seen so far they've just built VRChat, but worse. It's been done before by other people, it's not a new thing at all (Second Life released almost 20 years ago). This isn't a project that benefits from any of Facebooks strengths - game development companies are much better position…

> game development companies are much better positioned to make compelling social VR experiences like this.

I don't think that's true. Game developer company culture is heavily oriented towards making and selling products to consumers. They know how to make games people will pay for, and the entire business and culture revolves around that.

With Meta and other ad-driven companies, the people aren't the consumers, they're the product. The whole incentive structure and architecture of the company is fundamentally different. Think about how a company like Facebook or Google has an entire army of sales people and enormous apps like AdWords and Facebook Ads Manager that are how the company actually makes money. Game companies don't have that kind of stuff.

What they have is a bunch of programmers who know 3D rendering and networking. But Meta can simply hire those people—and game devs are used to bouncing around every couple of years—and they are. Several of my old EA coworkers are at Meta know working on it.

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

#283

Post by misiti3780 »

Google / Google+ === Facebook/Metaverse.

They can change their name all they want, they are slowing turning into the AOL of our decade. I'm willing to take bets on where this is all going.

I own an Oculus - it sucks. The founder of Oculus admits it sucks. Instagram sucks more than it did last year. I dont have a FB account, but it sounds like it's an ad-driven hell-hole.

Eventually FB will lose because their entire business model is based on outrage, and that cant last forever. It's very clear it is having catastrophic consequences for societies everywhere.

What is the saying .. ?

"The chickens will eventually came home to roost"

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

#284

Post by GekkePrutser »

magicjosh wrote: post #156
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…

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.

No but streaming services specially for VR are starting up already.

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

#285

Post by kdtsh »

IgorPartola wrote: post #234
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…

By the time I deactivated my account all I had in my newsfeed were posts from groups I joined when I was a teenager and the occasional news channel post. Friends had steadily dropped off over the years, which made it very easy to pull the pin in the end.

There one or two days where you get the little ping in your brain to check the app (as an ex-smoker the sensation is not at all dissimilar to cravings), and after that you wonder why you spent time there in the first place. I can’t leave WhatsApp or Messenger because I have too many people I have on both, but that’s a different issue as far as I’m concerned.

Now I am spending some time on TikTok - but I’m get content from there that I actually generally enjoy, so that’s a net win as far as I’m concerned.

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

#286

Post by michaelmcdonald »

IgorPartola wrote: post #234
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…

I’m assuming you are using a Pi-hole to block the ads? From my understanding that is becoming less effective with companies like YouTube and Facebook since they serve ads directly from their domain.

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

#288

Post by prostoalex »

pier25 wrote: post #273
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp. Maybe they thought it was going to fail like Vine and other short video platforms.

Considering the amount of gov-relations it took for Giphy acquisition https://currently.att.yahoo.com/att/metas-acquisition-giphy-... it just seems very likely that a TikTok purchase would be blocked by at least one regulator.

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

#290

Post by eloisius »

IgorPartola wrote: post #234
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…

Somewhere in the A/B test slurry there is sometimes a menu item that sorts your news feed chronologically. It really lays bare what a ghost town Facebook is. In my default feed there is all the garbage that you described perfectly, and a burst of content like a friend’s wedding. That little nugget gets replayed over and over so that it feels like that’s what’s “going on.” Chronologically, it’s old news and no one I’m friends with has posted anything for over a week, just random garbage.
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