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Meta Reports Second Quarter 2022 Results

investor.fb.com

221–223 of 223 posts

Re: Meta Reports Second Quarter 2022 Results

#221

Earlier quoted context omitted.

> Like most HNers you are lacking imagination in what VR will do. Just like everyone who poo-poo'ed what is possible from Computers, Internet, Mobile Phones. You seem to make a lot of these sweeping statements. They're full of stupid assumptions and generalities. It's a boring shtick and I'm not really seeing you back it up with your dizzying intellect. Besides being casually insulting to a huge group of people you d…

I've observed users of Usenet, Slashdot, HN -- a self selected group of smart people. I was there when engineers of the 80s/90s poo, poo'ed commercial success of the internet. I was there when engineers of the 90s poo, poo'ed iPhones (it's just a drive with a phone jack that can make calls) I was there when engineers of the 00s poo, poo'ed Twitter, Instagram Yes, I have sufficient data to safely conclude that smart p…

> I was there when engineers of the 80s/90s poo, poo'ed commercial success of the internet.

> I was there when engineers of the 90s poo, poo'ed iPhones (it's just a drive with a phone jack that can make calls)

>I was there when engineers of the 00s poo, poo'ed Twitter, Instagram

A good portion of HN was also part of all those conversations, I know I was. Suggesting the zeitgeist of any of those fora was poopooing new technologies is ridiculous. The fact those fora were enabled by those technologies should tell you that your position is absurd.

You've created a strawman out of a fantasy cohort of technology enthusiasts ignorantly poopooing technologies. Because you can easily beat up your strawman you seem to have convinced yourself of your own superiority.

Maybe you should take your passive voice casual insults to some other forum. Go wow them with your Brobdingnagian intellect. Your valuable insights will be sorely missed but you're wasting your time here.

Re: Meta Reports Second Quarter 2022 Results

#222

Earlier quoted context omitted.

I've observed users of Usenet, Slashdot, HN -- a self selected group of smart people. I was there when engineers of the 80s/90s poo, poo'ed commercial success of the internet. I was there when engineers of the 90s poo, poo'ed iPhones (it's just a drive with a phone jack that can make calls) I was there when engineers of the 00s poo, poo'ed Twitter, Instagram Yes, I have sufficient data to safely conclude that smart p…

> I was there when engineers of the 80s/90s poo, poo'ed commercial success of the internet. > I was there when engineers of the 90s poo, poo'ed iPhones (it's just a drive with a phone jack that can make calls) >I was there when engineers of the 00s poo, poo'ed Twitter, Instagram A good portion of HN was also part of all those conversations, I know I was. Suggesting the zeitgeist of any of those fora was poopooing new…

No, I'll stay here. I've always made the best investment when I bet against usenet, slashdot and HN 'popular' opinions.

One day HN will be irrelevant, as the true value creators will move on to something else. As a superior prognosticator, I'll know when and I'll leave ship.

Re: Meta Reports Second Quarter 2022 Results

#223
post #126

Guidance is atrocious. While the misses might not look bad in isolation, the overall picture isn’t looking good. The COO just quit after an extremely successful run, guidance is bad, and worst of all, the planned rebranding to Metaverse has been hijacked by crypto bros shilling ponzis on steroids.

>hijacked by crypto bros shilling ponzis on steroids wat?

Go to any crypto tracking website and search for "metaverse". You'll see dozens of projects, all of them trying to create their own "metaverses". Many of these have outsized mindshare among young users (Facebook's target audience) since younger demos have high crypto adoption.

Instead of Facebook being the metaverse, its now one of many - most of which are vaporware (which can potentially turn off users from the concept altogether).

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