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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

#371

Post by colinmhayes »

oblio wrote: post #193
Miraste wrote: post #171

Earlier 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.

Saying Google is "just" ads seems a bit disingenuous. Google controls the entire stack for ads, from the all important search, to Google network and YouTube, all the way to operating systems and the browser. That last part is important because Facebook got absolutely fucked by apples privacy changes on iOS. Google has diversified, but more importantly they're not reliant on another company's users.

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

#373

Post by mancerayder »

prawn wrote: post #292
mancerayder wrote: post #251

Earlier 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…

Is it a realistic option for watching TV/movies without a TV in the room?

Steam VR has a player that can use your PC to stream stuff, including even controlling your PC desktop. I don't think it's comfortable to have a screen right in your face with a heavy thing on your head, it's easier to watch something in a relaxed posture, moving your neck how you see fit.

I think it will take off when the gear becomes slim and light - like a much newer generation of glasses. Something that as far as I know is still in the realm of sci-fi - but not far.

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

#374

Post by anonu »

mwattsun wrote: post #368

I don't recall a company ever the size of Meta dropping 20% in one day of trading. That's immense. People must think the company is broken in some way, or I might be over-reacting.

It dropped 20 percent in after hours... Volumes are different than regular market hours. Nbbo doesn't apply. So prices can be pushed around easily by relatively few players.

Also now retail platforms give the r/WSB crowd even more ways to punt and gamble in the after hours.

Point is, see where the stock ends up over the next day or two...

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

#375

Post by mwattsun »

anonu wrote: post #374
mwattsun wrote: post #368

I don't recall a company ever the size of Meta dropping 20% in one day of trading. That's immense. People must think the company is broken in some way, or I might be over-reacting.

It dropped 20 percent in after hours... Volumes are different than regular market hours. Nbbo doesn't apply. So prices can be pushed around easily by relatively few players. Also now retail platforms give the r/WSB crowd even more ways to punt and gamble in the after hours. Point is, see where the stock ends up over the next day or two...

Ok, thanks for the clarification. That makes more sense.

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

#376

Post by colinmhayes »

kritiko wrote: post #326
endisneigh wrote: post #219

Earlier quoted context omitted.

Their "ads" are driven from more sectors than Facebook. Whatsapp has no ads, so it's basically FB and Insta

FB has Audience Network which extends their targeting off platform. But yes, Google’s acquisition of Doubleclick and investment in video through YouTube has allowed them to capture the publisher and buyer side of much of the open web (and use the data to cut out competition - cf. Project Bernanke)

Audience network just took a big hit from apples privacy policy changes. Google controls the entire ecosystem for many users and most of the ecosystem for pretty much all of them, so they can never get blindsided like Facebook did.

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

#377

Post by berberous »

endisneigh wrote: post #216
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 felt the same way, I literally bought a Quest 2 for everyone in my family. We have 4 of them and over $200 worth of games. After a couple months no one uses it anymore. It's sad lol. I do think it's amazing - Superhot is one of the best games I've ever played. But I get it - I don't know how to explain, but it seems like work to use it.

I agree, but I’m still very bullish. I think the disconnect is:

1. A lot of people saying this are just older and with less free time. Do you still play video games a lot? I think the question is in part whether VR can engage kids for as long as video games do.

2. The headsets are still too early. Wireless latency is almost there, but not quite. The headsets are too heavy. I think the Quest 4 or 5 are going to be so vastly better that users won’t mind staying in VR for longer, and won’t get bored of it.

3. Content, content, content. Alyx is awesome, but there needs to be 10 of those per year. And with better headsets, and an ever expanding user base, I think content will continue to explode.

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

#378

Post by sbrother »

PKop wrote: post #345
sbrother wrote: post #311

Earlier quoted context omitted.

I'm still a Facebook user (over 30, with kids, friends all over the world, and lots of groups that I care about), but the Reels thing is making me seriously consider leaving for good. It's awful, cringeworthy intrusive clickbaity videos from random kids I've never heard of every few posts on my feed. I clicked the X to make it go away but surprise, it's back. At this point their demographic is not the TikTok demograp…

>their demographic is not the TikTok demographic In other words, not the youth, which is an existential problem for a growth oriented social media company no?

Yep, hence the loss of 25% of their market cap today haha.

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

#379

Post by colinmhayes »

PascLeRasc wrote: post #296
asd88 wrote: post #243

Earlier quoted context omitted.

Some of the companies whose stock price has been affected the most are making up for the loss by giving more stock. I’d expect Facebook to do the same to retain their talent if the stock drops significantly.

Off topic: when companies give out stock like this, where is it coming from? Are they printing shares out of thin air or buying back shares to give to employees?

Thin air, although most tech companies are buying back more shares than they give out.

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

#380

Post by iamgopal »

virtuallynathan wrote: post #247
intrepidsoldier wrote: post #71

The data center infrastructure that Facebook (Meta) has is probably in the top 5 in this world (behind only Amazon, Microsoft, Google). They might want to become a cloud infrastructure provider for some side money and buy themselves some time to figure out this Metaverse fantasy :) Hey, AWS started because Amazon wanted to lease out their spare infrastructure capacity.

Based on my calculations, Facebook has more DC space/power than Google/Amazon/Microsoft. They have around 40 million sq ft of DC space, and likely ~5GW of power. They have 48 buildings in 18 locations, with 47 more under construction. AWS Data centers are fairly small, ~180,000 sq ft or so generally, us-east-2 is about 900,000 sq ft. us-east-1 perhaps 8 million sq ft. Google likely has more network capacity, but FB i…

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