Meta reported revenue of $27.9 billion in Q1 2022. They will continue making billions from ads for decades even if the metaverse play goes nowhere. But if you believe that VR/AR is going to eventually go mainstream then Meta is positioned to be a player in that market, even if it’s just a 2nd or 3rd place player that’s potentially billions in additional revenue.
Well the epic stock slide over past few months would tell you investors are highly cautious about the company’s future.
"Sitting by Mark’s side for these 14 years has been the honor and privilege of a lifetime. [...] In the critical moments of my life, in the highest highs and in the depths of true lows, I have never had to turn to Mark, because he was already there." If this is an accurate reflection of her experience, I don't expect it's a side of Mark Zuckerberg most of us imagine exists.
I'm usually skeptical of corporate BS, but I imagine they did have a strong relationship. 14-year stints are very rare, esp. for people that have plenty of options knocking on the door
I dont know if im interpretting this right, but this seems like she is leaving immediately just a few weeks after it was clear her next vesting tranches of options/equity etc. were heavily devalued or worthless as the impact on them from the privacy stuff was possibly outdone with the broader tech decline?
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
You need to check out "Metaverse Twitter". You're missing out on a lot of fascinating developments. The field is in its "90's internet phase" right now. The tech is still immature, but is rapidly growing in capability and ambition. Just like most people in the 90's had no idea how "internet" would be used, I think our ability to conceive of VR/AR/XR/metaverse is similarly myopic. I would give it a 10-15 year timeline…
what are some of the developments you find most fascinating ?
i own two vr headsets but don't really use them for more than casual gaming with friends. haven't really seen the killer use case yet
google glass style AR still has the most "futurey" appeal to me
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
> but the obstruction of physical world signals is basically non-existent. If it were, then we wouldn't have people in chronic pain. The key one, the vestibular system, is overridable non-invasively: Galvanic vestibular stimulation https://www.wikipedia.org/wiki/Galvanic_vestibular_stimulati... Vision and sound covered too, though vision can get better with more res and variable focus. Sound can get better with 3d sc…
I mean, yea, earplugs and a blindfold work too, but how do I feel like I'm walking through a pasture with wet dirt between my toes if you cannot simulate the sensory system? That's what people imagine. A home-bound person wants to feel what it is like to skydive, not watch a POV video.
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
You need to check out "Metaverse Twitter". You're missing out on a lot of fascinating developments. The field is in its "90's internet phase" right now. The tech is still immature, but is rapidly growing in capability and ambition. Just like most people in the 90's had no idea how "internet" would be used, I think our ability to conceive of VR/AR/XR/metaverse is similarly myopic. I would give it a 10-15 year timeline…
In the 90s, the internet was very much being used. It was so exciting that my friends and I sat waiting for 20-30 seconds to see content. We exchanged messages, played each other on Comamand and Conquer, looked at edgy content on forums.
Now, my Oculus headset sits gathering dust in a cupboard. Nobody I know wants it because it's so boring using it for more than half an hour.
Agreed that FB hasn’t actually proven they can build something from scratch that reaches critical mass. They would’ve have been long doomed had they not bought Instagram. Every other popular app eg Oculus and Whatsapp was also acquired.
A big company acquiring small things and developing them successfully is a pretty common tactic. Many of Google's product, if not most, were also from acquisitions. This includes Maps and YouTube, and some of the less successful ones were not acquired.
Yeah but that isn’t what I’m referring to. It’s clear FB is investing billions to build their vision of the Metaverse in house, at least for now, and my point is that they haven’t actually proven to anyone that they are capable of building a brand new thing from scratch that reaches critical mass without acquiring it elsewhere. In that sense I agree with investors who have sold the stock that this is a big risk.
I don't know anyone under 50 who actively uses Facebook.
That's in your local bubble. In some countries Facebook is no. 1 and on same level or even more important as Google Maps for businesses. Wished it was not the case though.
And those countries have a much lower ARPU. Facebook staying dominant in those countries is at best a Pyrrhic victory.
I feel compelled to say that your second sentence is probably the funniest thing I've ever read on HN. It resonates very strongly with my belief that VR/Metaverse will continue to under deliver. What people want is an escape from reality. "Just like" Ready Player One or anything from a wide choice of science fiction novels. The problem is that these systems require a fundamental disconnect from reality. Not only do w…
You need to check out "Metaverse Twitter". You're missing out on a lot of fascinating developments. The field is in its "90's internet phase" right now. The tech is still immature, but is rapidly growing in capability and ambition. Just like most people in the 90's had no idea how "internet" would be used, I think our ability to conceive of VR/AR/XR/metaverse is similarly myopic. I would give it a 10-15 year timeline…
VR hype predates the wider adoption of the internet. It's been in this "90s VR phase" since the 90s.
I don't know anyone under 50 who actively uses Facebook.
My wife and I and most of our friends use it daily and we’re in our 40s. It’s true that the 20somethinga don’t use it much, but they’re all on Instagram.