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Meta Reports First Quarter 2024 Results

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Re: Meta Reports First Quarter 2024 Results

#141

Post by nostrademons »

chaostheory wrote: post #136
nostrademons wrote: post #131

Earlier quoted context omitted.

"Most VR users are children" is a very different statement from "Most children are VR users." The former can be very true without the latter being true at all; it just implies that "most people are not VR users", which is also true.

You have a point, but my comment is better than an anecdote. There’s about 30 million children in the US in the right age group for using VR headsets, and over 20 million Quest headsets have been sold. It might not be accurate to believe that most children will accept VR, but it’s not out of the realm of possibility especially since the MAUs for adults are terrible.

The market for VR headsets is worldwide, so the right denominator is the ~600B children in the developed world. If you generously figure that half of those headsets are used by children, that's ~2% penetration, which seems more like it.

20M units sold is tiny for a consumer electronics product, BTW. I work on Android Tablets, and we have ~300M MAU. Phones are 3B. 20M makes VR only about 20% of the market size of AndroidTV, which has about 110M units sold.

Re: Meta Reports First Quarter 2024 Results

#142

Post by intrasight »

uejfiweun wrote: post #114
Zetaphor wrote: post #87

Earlier quoted context omitted.

I think it's reasonable to assume that a pretty large portion of this is going into R&D. They've shown multiple prototypes that are addressing different technologies/techniques for improving the clarity and quality of VR experiences. I could be mistaken, but I believe they were the ones to pioneer varifocal displays, a technology which has still yet to ship in an HMD. The earliest prototypes relied on physically movi…

I admit that I didn't like Zuck before. But I have to say, I am becoming a big fan of him, primarily due to his strategy in ML/AI for Meta, and his willingness to burn cash to solve the problems of VR. Zuck is many things good and bad, but certainly one of those things is that he's a nerd who loves technology and wants to move it forward, and I can't help but respect that massively especially given his results.

I respect the same about Musk. It's the only thing that I respect about either of them. But, boy, it's hard for me not to respect individual who are inventing the future.

Re: Meta Reports First Quarter 2024 Results

#143

Post by chaostheory »

nostrademons wrote: post #141
chaostheory wrote: post #136

Earlier quoted context omitted.

You have a point, but my comment is better than an anecdote. There’s about 30 million children in the US in the right age group for using VR headsets, and over 20 million Quest headsets have been sold. It might not be accurate to believe that most children will accept VR, but it’s not out of the realm of possibility especially since the MAUs for adults are terrible.

The market for VR headsets is worldwide, so the right denominator is the ~600B children in the developed world. If you generously figure that half of those headsets are used by children, that's ~2% penetration, which seems more like it. 20M units sold is tiny for a consumer electronics product, BTW. I work on Android Tablets, and we have ~300M MAU. Phones are 3B. 20M makes VR only about 20% of the market size of Andr…

That’s not a good way of framing it because the vast majority of the headsets were sold in the US. I would be surprised if there were even healthy sales in developing countries, so we shouldn’t be counting all of the children in the world. Not to mention that you probably have to exclude children under 10 give or take.

Yes, I agree that VR is not popular with most of the adult population. At the moment, VR has a similar stigma that computers, the internet, and video games once had. It will likely stay that way until these children become adults, unless Apple can refine “spatial computing” fast enough to overcome the stigma.

Re: Meta Reports First Quarter 2024 Results

#144

Post by electriclove »

eigenvekt wrote: post #97
jxyxfinite wrote: post #47

Earlier quoted context omitted.

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

I mean META is up 137% yoy and TSLA is up .9%. It isn't that hard to figure out that one has been extraordinarily bullish and priced to perfection and one has been extraordinarily bearish as if they are going out of business.

There you go, spouting facts. Serves you right for being downvoted! But really, this is exactly it folks. META has gone up like crazy over the past year. Do you think it will continue doing so ad infinitum?

Re: Meta Reports First Quarter 2024 Results

#145

Post by technion »

HDThoreaun wrote: post #6
nextworddev wrote: post #3

Earlier quoted context omitted.

guidance not that great, also crowded trade

Revenue down from last quarter but q4 is usually good for adtech I think. Next quarters guidance seems decent to me but I guess market was expecting more. q1 2023 was definitely a bit of a low point for meta so the yoy stats might be a bit misleading but hard for me to be upset about anything here. Ad impressions up 20% again somehow lmao

I genuinely want to know how much of the ad revenue comes right from Elon.

Nearly every ad lately is either Tesla, or weird fan groups like "Elon musk highest iq to ever live" and someone has built a massive network of bots for "Elon musk sexiest man alive".

Re: Meta Reports First Quarter 2024 Results

#146

Post by seesaw »

nkingsy wrote: post #85
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…

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.

Same for me too. I tried different VR headsets, but could not use them for more than 15 minutes without getting dizzy.

Re: Meta Reports First Quarter 2024 Results

#147

Post by Freedom2 »

paxys wrote: post #63
jxyxfinite wrote: post #47

Earlier quoted context omitted.

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

Tesla promised self driving taxis and autonomous robots and cheaper new undisclosed products due to release soon, and investors bought it like they always do.

In (another) 5 years all cars will be autonomous!

Re: Meta Reports First Quarter 2024 Results

#148

Post by uejfiweun »

intrasight wrote: post #142
uejfiweun wrote: post #114

Earlier quoted context omitted.

I admit that I didn't like Zuck before. But I have to say, I am becoming a big fan of him, primarily due to his strategy in ML/AI for Meta, and his willingness to burn cash to solve the problems of VR. Zuck is many things good and bad, but certainly one of those things is that he's a nerd who loves technology and wants to move it forward, and I can't help but respect that massively especially given his results.

I respect the same about Musk. It's the only thing that I respect about either of them. But, boy, it's hard for me not to respect individual who are inventing the future.

Yes, Musk is in the same category. You can hate his opinions, sure, but to not respect him in some form or fashion just betrays an ignorant worldview IMO.

Re: Meta Reports First Quarter 2024 Results

#149

Post by asadotzler »

goles wrote: post #73
ApolloFortyNine wrote: post #21

Earlier quoted context omitted.

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…

Surprised to see so many people negative on meta in this thread. I've used VR at conventions and buddies houses but I've been holding off on picking up a headset for a couple of revisions until they are in their sweet spot of development. Where most of the kinks are worked out, there's a good library of Apps and games, and doesn't require enthusist level commitment which I don't have the time or patience for anymore.…

10 years and tens of billions of dollars to get to that experience. Not astonishing in my book.

Re: Meta Reports First Quarter 2024 Results

#150

Post by BugsJustFindMe »

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".

I stopped looking at facebook a month or two ago because it suddenly became 99% spam "suggestions" from people I've never heard of before. Complete turn off. I might peek once in a while to see if it's been unfucked, but I have zero interest until it is.
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