Note that while she linked to Dave's FB profile, she did not link to (her new fiance) Tom's profile. I guess even those at the top of FB value their privacy while they continue to invade ours....?
do they really use FB?
Sheryl Sandberg stepping down as Facebook COO
151–160 of 619 posts
Re: Sheryl Sandberg stepping down as Facebook COO
#152I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…
FB/Meta seems to be transitioning into a tech conglomerate. For the longest time (and even now), you associate FB/Meta with Facebook (ie facebook.com). But it's clear that the facebook.com product is dying. If Meta survives the next 10-20 years, I see them move to a model where they are a tech conglomerate.
The new generation won't associate FB/Meta with Facebook, they will associate it with Instagram, WhatsApp, Oculus, and any future acquisitions. I'm sure facebook.com will still be kicking around, maybe just the popular features like Marketplace and Pages sans the traditional news feed and updates.
IMO this is the only way I see this company surviving. And the reason I haven't mentioned the Metaverse is because I personally think that it will be a giant ass flop right out of the gate.
Re: Sheryl Sandberg stepping down as Facebook COO
#153Earlier quoted context omitted.
Well the epic stock slide over past few months would tell you investors are highly cautious about the company’s future.
Everything is going down right now. -10% over the last 3 months doesn't seem that epic to me.
It seems wildly disingenuous to talk about 3 months when the initial Facebook crash was after their earnings call 4 months ago.
Re: Sheryl Sandberg stepping down as Facebook COO
#154Earlier quoted context omitted.
> 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.
What if the future generations never gets to experience those feelings? They would not know what they are missing.
Re: Sheryl Sandberg stepping down as Facebook COO
#155I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…
Consider for a moment that Metaverse as a "product" is a thinly-veiled smokescreen to deflect government regulators away from monetization of their monopoly on the Western social graph, and it doesn't seem that misguided. And if the product somehow generates revenue in the future, then it's just fortuitous happenstance.
Re: Sheryl Sandberg stepping down as Facebook COO
#156Earlier quoted context omitted.
I don't know anyone under 50 who actively uses Facebook.
Almost everyone I know under 50 uses WhatsApp and/or Instagram multiple times per day.
Almost everyone I know under 50 doesn't use WhatsApp and/or Instagram multiple times per day.
I wonder what insights we can extrapolate to billions of people from our sample size of 2.
Re: Sheryl Sandberg stepping down as Facebook COO
#157It's possible this announcement was intentionally timed against the media-consuming Depp/Heard trial verdict announcement in an attempt to bury the news. Meta stock went down a few points immediately after the announcement.
Reading this comment is how I found it that there was a verdict in that trial.
Re: Sheryl Sandberg stepping down as Facebook COO
#158Earlier quoted context omitted.
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…
>What people want is an escape from reality. I still don't understand what's the difference between MMOs and Metaverse. Like it's on mobile? That's all? Peak WoW _was_ a social network something Zuck is dreaming about (and that's while you also have to pay a monthly sub). I've read around and some people say that the difference people can _create content_ in Metaverse but... sandbox MMOs are also a thing for a long t…
WoW but more boring and with more microtransactions.
Re: Sheryl Sandberg stepping down as Facebook COO
#159What are the secrets to how they made 3 billion people so happy to be users of Facebook (Meta)? Or, how the heck, 14 years ago, or 10 years ago, or even 5 years ago, could anyone have predicted the 3 billion people? Astounding. Any ideas how to understand that?
Re: Sheryl Sandberg stepping down as Facebook COO
#160I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…
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.
> They will continue making billions from ads for decades even if the metaverse play goes nowhere.
and no competitors outperform them, or advertising paradigm shift occurs?