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Meta Reports First Quarter 2024 Results

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Re: Meta Reports First Quarter 2024 Results

#121

Post by rfrec0n »

TheAceOfHearts wrote: post #110

I found this from the Business Insider article: > Facebook daily active users estimate: 2.11 billion > Facebook monthly active users estimate: 3.08 billion > Average Family service users per day estimate: 3.16 billion > Average Family service users per month estimate: 3.97 billion If I'm parsing this correctly, they have around 3.16 billion DAU across all services. That's an insane number of people. Which really make…

When Facebook says "users" in claims like these, what they actually mean are accounts. This statistic includes all the multi accounts, fake accounts, spam accounts, and bot accounts. They have been getting sued over the past several years for charging advertisers when a bot or fake account engages with the advertised content.

https://www.reuters.com/legal/meta-platforms-must-face-adver...

Re: Meta Reports First Quarter 2024 Results

#122

Post by chaostheory »

eigenvekt wrote: post #94
chaostheory wrote: post #80

Earlier quoted context omitted.

Im not surprised about the negative comments. I’d be more surprised if the negative commenters have even tried VR. VR and AR are just such a huge paradigm shift that according to the data, only tweens and children “just get it” as a demographic group without a lot of coaxing and explaining. I would say that it’s their generation’s NES. Being an adult VR enthusiast feels like being part of something like the homebrew…

This is just not my experience at all. I have 12-14 year old gamer nieces and nephews. They simply don't care about VR. Even at a family gathering with the host having a Quest, no one cares to even try it out. It was just absolutely nothing to do them. Personally, I have been waiting for VR since the early 90s and the Lawnmower Man. With having no interest in games, my experience is exactly the same as my nieces and…

According to the data, it’s children and tweens that dominate the MAUs. Also just read Reddit about complaints of most online VR games being dominated by children as a counter to your anecdote of one family.

Re: Meta Reports First Quarter 2024 Results

#123

Post by wkat4242 »

ApolloFortyNine wrote: post #21
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.

The fact that they spend more than everyone else does in the space combined just blows my mind. Their Horizon worlds is literally just a worst VR chat which was developed for And that $4 billion is just per quarter. I honestly would love to see a full breakdown. Nintendo's entire revenue is 12 billion, which is less than Meta VR spends alone, and that includes everything Nintendo does, including developing games. How…

Yeah horizon worlds is really bad. In their push to make it child friendly the whole thing has become a bland playground for kids with nothing to offer adults.

After all, when I go to the movies I don't go for a Disney cartoon but an action movie.

The user-generated content in VRChat is so much more compelling. It also looks better. And it's actually harder to do it.

Re: Meta Reports First Quarter 2024 Results

#124

Post by epolanski »

kirubakaran wrote: post #50
cmrdporcupine wrote: post #25

Earlier quoted context omitted.

Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went on about how they would never make money. It's now worth 17 times what I sold at. I also remember around Google's IPO people questioning how they'd ever make money.

I used to pay a lot of attention to the comments of certain HN users who made well reasoned but (with the clarity of hindsight) mostly doomer predictions about various topics. I wish I hadn't listened to them.

To be fair if counter arguments put you off it means your own weren't that strong.

It's good you have that attitude otherwise it would be gambling.

Re: Meta Reports First Quarter 2024 Results

#125

Post by wkat4242 »

Hikikomori wrote: post #108
nkingsy wrote: post #85

Earlier quoted context omitted.

Tweens and children are the only ones with supple inner ear linings. As a 40-yo VR enthusiast, I can't play anything that requires elective X/Y movement (first person shooter) without getting sick. The "teleport" mechanic is really clunky. My kids can play anything and never get sick. My parents can't even do a driving sim without getting dizzy in a couple of minutes.

Not 40 yet but neither me and friends have experienced that.

I'm in my late 40s and I can run around with smooth movements without any issues.

Of course, N=1...

Re: Meta Reports First Quarter 2024 Results

#126

Post by [deleted] »

ambicapter wrote: post #93
chasd00 wrote: post #61

Earlier quoted context omitted.

i think i sold my apple stock at $10/share. I also had my finger on the buy button for AIG at around $1/share in the depths of the financial crisis but didn't do it. Now I just stick to code, my 401k, and company RSUs heh.

I bought Apple stock 2 years ago and it's been flat since then, with me at a slight loss. So the golden tech stocks aren't always so.

[deleted]

Re: Meta Reports First Quarter 2024 Results

#127

Post by spaceywilly »

jxyxfinite wrote: post #47
blackeyeblitzar wrote: post #12

Down 13% after hours because of guidance: https://finance.yahoo.com/news/meta-q1-earnings-135049624.ht...

Yet tsla is up 12%. Someone make it make sense

The stock market is a measure of what investors think the company will be worth over the next 10 years or so, essentially. Because if someone came along and wanted to buy the company, they’d typically pay around that amount. So take that amount (what the company is valued at) and divide by number of shares, there’s your share price. Like anything, it’s worth what someone will pay for it.

This is continuously adjusted as investor sentiment changes about where the company (and the economy at large) is going and what that “10 year valuation” is. A single quarterly result certainly could change that number if there’s a big surprise in there, but for the most part companies are good at predicting their revenue and expenses and that is priced into the stock already.

For Tesla, there was a wide expectation that they weren’t going to have a great quarter, it was pretty much known. So the stock was already significantly down before the earnings call. What was not expected was that Musk dedicated the company to building a cheaper car in the coming years. Investors thought this was a good move, stock goes up.

Now look at Meta, it was widely expected they’d have good results this quarter, so stock price is already up recently. What changed in this report is their expenses are much higher than what they previously estimated. So the stock goes down.

The actual quarterly results are a factor in the price but generally those are priced in already, unless you get some big surprise. What’s more important is the investor sentiment about whether the company is going in the right direction, which can change on a whim and for no reason at all.

Re: Meta Reports First Quarter 2024 Results

#128

Post by [deleted] »

TheAceOfHearts wrote: post #110

I found this from the Business Insider article: > Facebook daily active users estimate: 2.11 billion > Facebook monthly active users estimate: 3.08 billion > Average Family service users per day estimate: 3.16 billion > Average Family service users per month estimate: 3.97 billion If I'm parsing this correctly, they have around 3.16 billion DAU across all services. That's an insane number of people. Which really make…

[deleted]

Re: Meta Reports First Quarter 2024 Results

#129

Post by [deleted] »

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.

[deleted]

Re: Meta Reports First Quarter 2024 Results

#130

Post by threeseed »

matsemann wrote: post #46
HDThoreaun wrote: post #2

Results look good to me, EPS about double yoy, reality labs still losing billions. Stock down 12% after hours though so I must be missing something I guess

It's so weird to me. My Facebook feed is dead, no one posts anymore. The last weeks they spam me with notifications about nothing to get me back in and creating fake engagement. "Peter you added as a friend in high school but have never spoken to since or ever interacted with on the platform commented on a meme page, check it out".

Facebook DAU continues to grow:

https://www.statista.com/statistics/346167/facebook-global-d...

Their engaged audience is skewing older which is why it "feels" weird to you but not to everyone.

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