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Meta Reports First Quarter 2024 Results

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Re: Meta Reports First Quarter 2024 Results

#15

Post by renegade-otter »

harles wrote: post #7
jsheard wrote: post #4

Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.

I’m not sure it’s a good business strategy, but I am glad to see ad money fueling more interesting tech than more profitable ads.

The days of interesting tech have been gone for a couple of decades now. Every technology is now being quickly enshitified. It's ALL about selling you crap.

The nerd Internet was the best, but it's never coming back.

The bandwidth gave us streaming - okay, I'll give you that, but we had that before. It's more of an infrastructure thing than "interesting" tech.

Re: Meta Reports First Quarter 2024 Results

#16

Post by harles »

mostlysimilar wrote: post #8
harles wrote: post #7

Earlier quoted context omitted.

I’m not sure it’s a good business strategy, but I am glad to see ad money fueling more interesting tech than more profitable ads.

Don’t worry. The ads come once they establish themselves as the dominant player.

Maybe. It is nice to see cash transactions and subscription models in the space. There’s a chance (maybe it’s slim) that new computing paradigms will bring new business models without ads. Maybe I’m just an optimist.

Re: Meta Reports First Quarter 2024 Results

#17

Post by nextworddev »

jsheard wrote: post #4

Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.

Met some business dev people at Reality Labs and they themselves don’t exactly what they are selling. Which is very worrying.

Re: Meta Reports First Quarter 2024 Results

#18

Post by whyenot »

eclectic29 wrote: post #9

Why are Meta quarterly results so special that they always enjoy the front page of HN?

For the same reason Google's and Apple's results also reach the front page. HN users upvote the posts. Maybe it's because Meta is one of the largest tech companies in the world and for many people their results are interesting news.

Re: Meta Reports First Quarter 2024 Results

#19

Post by jsheard »

tinyhouse wrote: post #10
jsheard wrote: post #4

Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.

Well, there's still no killer app. The productivity use case is a gimmick. Apple vision pro is also not selling well. The big promise is entertainment but it's not there yet.

It would be an anti-climax for the history books if it turns out we invented a device right out of sci-fi, but it's actually kind of meh.

Re: Meta Reports First Quarter 2024 Results

#20

Post by blackeyeblitzar »

jsheard wrote: post #4

Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.

It is possible that now is the right time to keep investing in it. They already have huge sunk costs, but a lot has changed since they began. LLMs became a thing. Display tech has continued to evolve quickly. There is more information on the market after seeing how products from Sony, Apple, and others have done. Meta also recently announced their new OS and their more-open platform strategy. Mobile processors are also evolving quickly. All of these things can open up possibilities - and even if it isn’t a sure thing, maybe it is worth placing a bet?
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