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Meta Reports Second Quarter 2022 Results

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Re: Meta Reports Second Quarter 2022 Results

#181

Post by gorgoiler »

PheonixPharts wrote: post #163
cm2012 wrote: post #98

I am very bullish on FB: 1) Founder still has majority voting shares, gives a lot more freedom. 2) I think the Metaverse stuff will pay off in the long run 3) They are making the changes necessary to compete with TikTok. I am buying shares now at this price

> 1) Founder still has majority voting shares I work at a startup that recently IPO'd and one thing that surprises me is the number of people who have gone through several rounds of promotion that have never worked at another organization. You can easily tell who is who by the level of maturity they have in their decision making. Even senior directors that have never work some place else have a very visible lack of u…

Zuck has had Andreesson and Sandberg at his side for 14 years, in the office and on the board. He partnered with MS under Ballmer and brought Reed Hastings to the board.

Regardless of how you feel about these people, personally, it doesn’t make sense to paint him as being naive in any way about business.

Re: Meta Reports Second Quarter 2022 Results

#182

Post by ryan_lane »

fairity wrote: post #167
cletus wrote: post #57

Disclaimer: Ex-Facebooker. The first thing to know about Facebook is that they view the social media landscape in two dimensions: format and audience size. Format here means text -> audio -> video. So if you look at the match up between audience of 1:1,000,000 and text you'll find Twitter, for example. This has served FB quite well but what happens after video, if anything? Well, the company believes the next two ste…

> The Metaverse. Much like VR in general, I don't think is ever going to be mainstream. It doesn't solve any problem. VR will eventually reach the point where meeting someone in person will feel virtually the same as meeting someone in VR. The problem VR solves is that there's a vast amount of resources currently being spent on transit (i.e. work & social commuting), housing (e.g. offices & hangout spaces), and ancil…

If you're traveling to meet face to face with other humans, you're probably going to be spending quite a while doing it, and often with clients. Doing this in VR would be extremely exhausting, and how would you convince the client to even do it?

I'd rather spend a day traveling to meet someone face to face for a few hours, than spend a few hours in VR.

Re: Meta Reports Second Quarter 2022 Results

#183

Post by mupuff1234 »

potatolicious wrote: post #125
rightbyte wrote: post #84

"Headcount was 83,553 as of June 30, 2022, an increase of 32% year-over-year." Like ... why? They hired 20 000 employees net in a year? And Zuckerberg now somehow says that they need to tighten the belt?

I suspect a few reasons, some of which are shared by all of the tech companies that over-hired: - Prestige. There are a lot of companies (especially VC funded startups) that have massively over-hired because a large headcount of high-end engineers is a signal to the market (and importantly, VCs) as to your seriousness. - Talent denial to competitors. If you don't want anyone to catch up in a space (say, VR) you can g…

Or maybe it's an approach similar to VCs. You're hiring a ton of people with the calculation that at least a few would make company-wide impact.

Re: Meta Reports Second Quarter 2022 Results

#184

Post by guiambros »

dnissley wrote: post #76
chrisco255 wrote: post #65

Earlier quoted context omitted.

Re: #2, they also decided to merge Facebook with Oculus login, and I still refuse to buy an Oculus for that reason alone. I'm tired of my data being cross analyzed and seeing creepy ads follow me around the internet. Last thing I want to do is plug into some Facebook metaverse where even my eyeball movements are analyzed and processed. As a kid I thought I would love VR. And even as solid as the modern experiences ha…

re: The merging of facebook with oculus login -- next month you'll be able to create a standalone "meta" account, which are basically the equivalent of the old oculus accounts. You don't have to link them with a facebook account or any other existing account (but you will have the option). https://store.facebook.com/help/accounts/?intern_source=blog... Disclaimer: I work on a team that's helping out with this effort

Thanks for your work to disentangle the two systems. I don't envy the work involved, but certainly appreciate what you're doing.

I'm one of the users frustrated when accounts were forcibly merged, but thankful Meta listened to user feedback and will revert it moving forward. No particular reason, but like many others, I prefer to have a separate identity for each service, instead of commingling all of them together.

Re: Meta Reports Second Quarter 2022 Results

#185

Post by gigatexal »

onlyrealcuzzo wrote: post #9
gigatexal wrote: post #7

Earlier quoted context omitted.

Yeah as much as I hope they go the way of the dodo I think they're far too big to die soon. MySpace wasn't anywhere close to their size when it died. That being said it doesn't mean we can't hope and pray for such things. ;-)

Well, the trend is that the successor is worse. Looks at TikTok...

True. Unfortunately that’s true.

Re: Meta Reports Second Quarter 2022 Results

#186

Post by Spivak »

angryasian wrote: post #124
cm2012 wrote: post #98

I am very bullish on FB: 1) Founder still has majority voting shares, gives a lot more freedom. 2) I think the Metaverse stuff will pay off in the long run 3) They are making the changes necessary to compete with TikTok. I am buying shares now at this price

I'm not: 2) They will be facing increasing amounts of competition ex. apple. The metaverse is more than the hardware. The first big player in this space will be a game company, possibly one we aren't aware of yet. 3) Not enough to change anyone's usage habits. Just slows down the inevitable. 4) Privacy and the ads environment will continue to hurt them. There's no answer to this yet.

> The metaverse is more than the hardware. The first big player in this space will be a game company.

Don’t drink the FB look-aid that tries to make it seem as if the metaverse isn’t already here. It’s Fortnite, Minecraft, and Discord and has nothing to do with VR and everything to do with virtual spaces. VR is FB’s attempt to buy their way into the gaming scene in a market that isn’t already dominated by existing players — PC/Console/Mobile.

Re: Meta Reports Second Quarter 2022 Results

#187

Post by wombatpm »

throw149102 wrote: post #130
alangibson wrote: post #45

On the metaverse question: does anyone seriously believe Facebook can innovate, let alone build a new industry?

I don't think anyone can create the metaverse. The technology that needs to be built is a brain-computer interface, but humanity is currently incapable of anything even close to that. No amount of money or political power can make it happen, at least not in the next 50 years.

I’m sure the libertarian paradise on Mars will allow Meta & Neurolink to perform the necessary human subject experimentation to solve the brain computer interface. It’s amazing the progress you can make if you don’t have to care about consequences

Re: Meta Reports Second Quarter 2022 Results

#188

Post by CursedUrn »

dnissley wrote: post #76
chrisco255 wrote: post #65

Earlier quoted context omitted.

Re: #2, they also decided to merge Facebook with Oculus login, and I still refuse to buy an Oculus for that reason alone. I'm tired of my data being cross analyzed and seeing creepy ads follow me around the internet. Last thing I want to do is plug into some Facebook metaverse where even my eyeball movements are analyzed and processed. As a kid I thought I would love VR. And even as solid as the modern experiences ha…

re: The merging of facebook with oculus login -- next month you'll be able to create a standalone "meta" account, which are basically the equivalent of the old oculus accounts. You don't have to link them with a facebook account or any other existing account (but you will have the option). https://store.facebook.com/help/accounts/?intern_source=blog... Disclaimer: I work on a team that's helping out with this effort

No, a Meta account is the equivalent of a Facebook account, not the equivalent of an Oculus account. Oculus was a VR company, not an advertising/data tracking company and their account system reflected that.

Re: Meta Reports Second Quarter 2022 Results

#189

Post by dnissley »

erichocean wrote: post #150
dnissley wrote: post #76

Earlier quoted context omitted.

re: The merging of facebook with oculus login -- next month you'll be able to create a standalone "meta" account, which are basically the equivalent of the old oculus accounts. You don't have to link them with a facebook account or any other existing account (but you will have the option). https://store.facebook.com/help/accounts/?intern_source=blog... Disclaimer: I work on a team that's helping out with this effort

No one believes a standalone "meta" account won't be linked (behind their back) by Meta to their Facebook, Instagram, and WhatsApp accounts. No company or CEO deserves less trust than Meta and Zuckerberg.

Personally I can't blame you at all for such a belief given how poor of a steward of user data the company has been in the past.

All I can say is that it won't happen on my watch, and that the company gives product teams the tools and training to protect against such abuse before it happens, and incentivizes the raising of any privacy issues for many reasons including the FTC consent order that Zuckerberg has submitted to.

Re: Meta Reports Second Quarter 2022 Results

#190

Post by kyawzazaw »

takanori wrote: post #129
pclmulqdq wrote: post #106

Earlier quoted context omitted.

Whatsapp is really deeply embedded in business in Latin America and it's deeply concerning to me. It was already reading your conversations. At best, it's going to start serving ads soon.

How is WhatsApp embedded in business?

You must not live in such a country.
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