That’s not a weak outlook, but rather a weak facebook.
Meta shares drop 20% on Q4 earnings miss, weak outlook
271–280 of 556 posts
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#272Earlier quoted context omitted.
Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.
Didn't they do the same thing when Snapchat took off and then blew it out of the water with Instagram Stories? There is a track record.
I will say Instagram is getting so crowded.
Adding Stories to Instagram felt natural, but shoving Reels in, feels like a squeeze.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#273This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…
I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp.
Maybe they thought it was going to fail like Vine and other short video platforms.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#274Earlier quoted context omitted.
I've been using a roommate's Quest 2 for a few days. A few years ago I was using an OG Oculus. The Quest 2 is so much staggeringly better in every way. So much so that I can see a future where people are spending hours in VR games rather than hours playing games on a monitor. Yes, there are issues to work out with the headbands, weight, general FPS and battery life, but I finally _get_ it. The amount of badassery you…
I felt the same way, I literally bought a Quest 2 for everyone in my family. We have 4 of them and over $200 worth of games. After a couple months no one uses it anymore. It's sad lol. I do think it's amazing - Superhot is one of the best games I've ever played. But I get it - I don't know how to explain, but it seems like work to use it.
I guess you don't have a game PC? The PC games are amazing. If you don't have a good pc there's some streaming services coming online too like plutosphere that's doing a free beta now.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#275Earlier quoted context omitted.
I'd be curious if you feel the same way in a year or so. When I first got into VR I felt very strongly it was the future, but that novelty wore off over the course of a year. I go back every few months to catch up on experiences I've missed and try out new tech, but the novelty has still worn off. VR is not a daily use experience for me, and I assume for a lot of consumers, but it is still amazing.
I find that a) the bulkiness of the headset (and the added wires and external sensors of the Valve Index) and b) the fact that I don't always feel like waving my arms around or reaching stuff after sitting in front of the PC all day, made it wear off for me. I was into Pokerstars VR for a while but interacting with people through the microphone made me realize I don't really enjoy talking to strangers from around the…
Waving your arms around after spending a day sitting at the PC is a really good thing to do though, just saying :)
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#276The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…
Growth is plateauing looking at earnings and guidance, so their market cap will reflect fair market value. Growth stocks need to accelerate to maintain high valuations. That and the market is extra sensitive right now IMO. Their numbers are staggering, but earnings and guidance isn’t.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#277Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#278Earlier quoted context omitted.
Exactly, and unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea. If that core business model/idea has seen most of its growth, and may even decline, then there is really not much reason to expect it to find any other way to keep growing. They are big, they are profitable, but they are not going to be growing fast in the future, and one could argue should be valued (…
> unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea. Interestingly, by revenue Apple is more of a one-trick pony than Facebook. iPhone sales are fully half their revenue, and almost all of their software income is totally dependent on iPhones as well. Meanwhile at Meta, Instagram revenue is roughly equal to Facebook revenue.
Apple's moat is much larger. The costs involved with hardware manufacture, and the need for a deep software ecosystem are challenging.
Meanwhile Facebook is "just" an app. It's pure software, and doesn't have the same ecosystem tie in. It's not a platform in the way that android/ios/windows are. Starting a new social network is much cheaper than creating a new mobile platform.
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#279This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…
So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…
I felt that way about 8 years ago and stopped using it then
Re: Meta shares drop 20% on Q4 earnings miss, weak outlook
#280Earlier quoted context omitted.
> Facebook is betting the farm on the metaverse stuff and it's an odd bet.
There’s a whole bunch of geriatric millennials out there remembering what happened to second life. With the pandemic letting up the last thing people are going to want to do is live in some virtual world. Fresh air is the new black.
How could anyone ever forget flying penises pelting Anshe Chung in the face during a CNN-sponsored Second Life ‘town hall’? Anyone expecting something different from the ‘metaverse’ is living in a fantasy world.
Porn companies and sex workers will make money in VR environments, whether mainstream companies can remains to be seen.