Earlier quoted context omitted.
> Facebook is betting the farm on the metaverse stuff and it's an odd bet.
There’s a whole bunch of geriatric millennials out there remembering what happened to second life. With the pandemic letting up the last thing people are going to want to do is live in some virtual world. Fresh air is the new black.
Meta shares drop 20% on Q4 earnings miss, weak outlook
361–370 of 556 posts
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#362Earlier quoted context omitted.
> 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, the…
VR Chats made by consumer-first game developers are already only minimally compelling to niche groups (furries, anime weebs, etc). I cant understand why people think a consumer-hostile company would be able to improve the experience enough to reach broader audiences. People will try it for an hour or two when they boot up their oculus. Realize being in a room of shouting tweens is not fun, and then never try it again…
I'd like to take advantage of this moment to share furries making fun of Metaverse, on VRChat (1m 30s): https://www.youtube.com/watch?v=RGmlhHvm-Tc
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#363Earlier quoted context omitted.
> I own an Oculus - it sucks. Why? Which model? > I dont have a FB account, but it sounds like it's an ad-driven hell-hole. Don't you need a Facebook account for Oculus?
Quest 2 Yes, it is required. I liked it to my brother's account. It sucks for a few different reasons. 1. It's very uncomfortable when you sweat, which you do for any of the active sports games. The Oculus falls off your head and causes you to break out. 2. If you have glasses but cant wear contacts (my issue) it's a lot harder to use. 3. Lack of interesting games. I like golf, the golf game is actually cool, one fre…
That's fixed by replacing the strap. The default one is extremely uncomfortable for anything but viewing movies.
> 2. If you have glasses but cant wear contacts (my issue) it's a lot harder to use.
There are magnetic lens addons that can be used with eye prescriptions. I have this myself. They are magnetic so you can switch them out if there are multiple users.
> 3. Lack of interesting games. I like golf, the golf game is actually cool, one free course with the option of paying for 1 other course, so 2 total courses.
There are about four different golf games now. They aren't all equal and take different directions.
While the current library doesn't compare to Valve's, it's a decent size and there's something for everyone. If you've only played one golf game before dismissing it, then you're missing out on the start of the next paradigm.
Also, I wouldn't think of it as just a gaming console. You can watch movies in it inside a virtual movie theater, you can use it for light CAD and art, and one of the most common uses for it is for fitness. I've lost 20 lbs so far. Another use is being able to "hangout" with friends and family who are either really far away or are busy due to life circumstances eg. people with children
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#364Earlier 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?
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#365Earlier quoted context omitted.
Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.
Why not? It worked when they copied Snapchat's stories feature.
I'm wondering what kind of play would be successful long-term in this scenario with long-lasting social platform to capture next generation which is naturally inclined to be in opposition when it comes to parents way of life. Maybe creating some kind of "undercover" division not officially connected to parent company? Or even spinning it as some part of company "revolting" against main body and going "rogue". But in both cases mainly founding would uncover the plot. Of course buying competitors usually works too to some degree - or at least allows to buy some time.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#366Earlier quoted context omitted.
> unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea. Interestingly, by revenue Apple is more of a one-trick pony than Facebook. iPhone sales are fully half their revenue, and almost all of their software income is totally dependent on iPhones as well. Meanwhile at Meta, Instagram revenue is roughly equal to Facebook revenue.
And Google is 90% ads. OP wanted to use "cool" companies as examples but the actually diversified giants are Microsoft and Amazon.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#367Earlier quoted context omitted.
I think the key is that youth are going to TikTok and not Facebook. They lost the next generation of kids!
Yeah idk I thought the same last time but somehow Facebook always comes back buy buying everything And copying everyone
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#368Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#369Earlier quoted context omitted.
Except crypto is a pump and dump scam and most people know that. It was obvious from the start that libra was a “fellow kids” attempt to capitalize on the blockchain hype.
I disagree, Libra had absolutely massive potential with Facebook, Instagram, and WhatsApp behind it. Stabilized by multiple fiat currencies it would hold value well, and it could power a global Venmo (via WhatsApp), capture a large portion of the entire remittance market, simplify e-commerce payments, and maybe even support micro transactions at scale. I’m sure I’m missing other large benefits. The West is mostly so…
Why not just use a database?
FB picking up Libra is just another loop in the blockchain’s solution in search of a problem.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#370Earlier quoted context omitted.
I find that a) the bulkiness of the headset (and the added wires and external sensors of the Valve Index) and b) the fact that I don't always feel like waving my arms around or reaching stuff after sitting in front of the PC all day, made it wear off for me. I was into Pokerstars VR for a while but interacting with people through the microphone made me realize I don't really enjoy talking to strangers from around the…
Waving your arms around after spending a day sitting at the PC is a really good thing to do though, just saying :)
Kind of!
I was developing neck pain from Pokerstars - it's not exactly table tennis. On the other hand, Moss was a very cool game but I found it annoying on my joints to reach under virtual corners and even get on all fours to look under something. Amazingly cool concept, but it's not exactly physical therapy after a computer posture.