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Meta Reports First Quarter 2024 Results

investor.fb.com

151–160 of 171 posts

Re: Meta Reports First Quarter 2024 Results

#151

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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".

America is 4% of the world. FB is the internet in many countries.

Myanmar entered the chat

Re: Meta Reports First Quarter 2024 Results

#152

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…

Messenger, whatsapp, instagram. Also, there's a lot more people using FB than you think. Most people over the age of 50 are on FB, not IG/reddit/Tiktok

Yep. My mom's best friend still has an AOL account and an FB account. I would bet most residents of nursing homes with families have FB accounts.

Re: Meta Reports First Quarter 2024 Results

#153
post #119

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There is a book called Sub Prime Attention Crisis which claims all these metrics are bogus. Written by an Ex Googler. Total available attention is finite. Yet content keeps exploding. There is only one conclusion.

Interesting, but then, how can it fool advertisers?

The GP comment sounds like a conspiracy theory because advertisers really care about getting their money's worth for actual, genuine impressions and click-throughs. Otherwise, it would be massive fraud.

Re: Meta Reports First Quarter 2024 Results

#154
post #73

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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.…

> Also you can't directly connect to steamVR without going through Quest link

Is this true? I have a quest 2 and just downloaded the steam link app and it seems to just work. Are you talking about wired?

Re: Meta Reports First Quarter 2024 Results

#155

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It’s a trillion dollar company dude. Many people laughed at their 1B ipo valuation. Basically, never ignore these things.

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 read an HN article about Bitcoin in 2011 when it was about $1 per BTC, and mining on AWS was still profitable.

I dismissed as a stupid novelty that's not worth the time to set up an AWS instance. Lesson learned: don't listen to HN.

Re: Meta Reports First Quarter 2024 Results

#156
post #86

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Seriousy? They have higher daily active users than X?? I'm really surprised to hear that. I don't really use either but wow. Of course Meta is doing everything to make Threads work, and Elon is doing everything to burn X to the ground, there's that :P But yes it is impressive.

They must have a very creative definition of "active user" because Zuckerberg gets 15-20k likes on his posts while I can scroll down X and find several posts a few hours old from random gimmick accounts with many times more. Taking that at face value to call Threads "the leader in its category" is comical.

... Why would you expect Zuckerberg to get more likes than "random gimmick accounts", tho? Those, rather that rather boring billionaires, have traditionally been the major driver of engagement on Twitter, too.

Re: Meta Reports First Quarter 2024 Results

#157

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Half Life Alyx was an amazing VR game. It was the only amazing VR game. Everything else has been OK.

I don't know - the Star Wars game on Quest was amazing from an immersion point of view. And beat saber is a surprisingly fun way to do some cardio.

I do like beat saber. And I liked Star Wars and Superhot.

They’re good. They aren’t killer.

Re: Meta Reports First Quarter 2024 Results

#158

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I'm very skeptical about that. We don't even have the technology for such display can be implemented on transparent glass. Also we don't have that good battery tech which can drive such gear and smaller enough to be hidden in a glasses. Even if we have all of those tech today, it will take long time to make it a mass production. IMH it will take at least decades to get that level.

You could wirelessly transmit from your phone, but this is a decade from now. No one knows how far tech will advance. Rokid connected to a device in your pocket is already pretty close to the same experience.

But we still don't have such a display tech or do we? I've never heard something like that. Probably someone can invent such tech within a decade. But seeing it in a consumer product takes time. So it's safe to assume that it won't happened within a decade if we don't even have such tech today. Especially in this context of investment.

Re: Meta Reports First Quarter 2024 Results

#159
post #73

Earlier quoted context omitted.

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.…

> Also you can't directly connect to steamVR without going through Quest link Is this true? I have a quest 2 and just downloaded the steam link app and it seems to just work. Are you talking about wired?

Yes. The app will work over wireless. Not wired.

Re: Meta Reports First Quarter 2024 Results

#160
post #86

Earlier quoted context omitted.

They must have a very creative definition of "active user" because Zuckerberg gets 15-20k likes on his posts while I can scroll down X and find several posts a few hours old from random gimmick accounts with many times more. Taking that at face value to call Threads "the leader in its category" is comical.

Instagram shows posts from Threads in the feed. I accidentally click on these all the time.

Likewise, I wouldn't be shocked if I'm counted as an daily active Instagram user, despite not having an account or using it directly. The "shorts" are embedded in FB and occasionally interesting.

Feels a bit misleading by FB

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