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Facebook Renames to Meta

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Re: Facebook Renames to Meta

#351

Post by missedthecue »

coolspot wrote: post #264
czottmann wrote: post #29

Still a terrible, terrible organisation that's detrimental to societies and humankind as such.

Twitter is 100 times more toxic than FB, but somehow everyone is focused on FB. I guess someone powerful is annoyed.

I agree. Twitter is a machine devised to draw people into clapbacks, cheapshots, fights, spats, and arguments. It's completely toxic.

But journalists love Twitter. Every other account is a journalist or media personality. So all the "social media bad" articles implicate Facebook.

Re: Facebook Renames to Meta

#352

Post by filoleg »

brap wrote: post #125

The video they put out is extremely cringe. The whole “metaverse” thing is cringe. It makes me believe Zuckerberg is completely surrounded by yes-men who never challenge him and only tell him what he likes to hear. He is truly detached from us normal people and our human experience.

To be fair, that’s the exact same sentiment I remember reading about Zuck on HN around the time Instagram and WhatsApp acquisitions happened. People were saying it was one of the dumbest business decisions, that Zuck is just desperate and without any brain trying to spend his FB money on acquisitions before FB inevitably dies of irrelevancy, etc.

Look at today, and I think most people would agree that acquiring whatsapp and instagram back then was a great business decision on his end.

And, in my eyes, the whole Meta thing makes way more sense to begin with than those acquisitions did.

Re: Facebook Renames to Meta

#353

Post by mrkramer »

ra7 wrote: post #119
nyt-maps wrote: post #19

My god, if you get it, you get it. They are going all in on metaverse / have decided that the future of oculus is the primary long term bet, not facebook itself. And they have the money to make it so. This is incredibly scary, and probably a good investment.

Don’t like Facebook one bit, but Zuck is almost always spot on with his bets. So yes, incredibly scary as it has a high likelihood of succeeding.

>Don’t like Facebook one bit, but Zuck is almost always spot on with his bets. So yes, incredibly scary as it has a high likelihood of succeeding.

Instagram was growing like crazy, even faster than Facebook in its early days so acquisition was no-brainer. Instagram used Facebook's social graph so acquisition made even more sense.

On the other hand WhatsApp had hundreds millions users at the time of acquisition and Larry Page was very close to acquiring it before Zuck but Facebook offered more money that's why it turned out to be one of the biggest acquisitions in the history of Internet($19bn). WhatsApp's huge userbase and rapid growth could've endangered Facebook Messenger that Zuck was about to separate from main Facebook app and make it standalone instant messaging Facebook app.

So both Instagram and WhatsApp were no-brainer and made perfect sense and Facebook had cash pile to do it so they did it.

Re: Facebook Renames to Meta

#354

Post by goatlover »

kaladin-jasnah wrote: post #229
jamestimmins wrote: post #90

Earlier quoted context omitted.

Fairly certain that's just Ready Player One

It's not. In the story (the book), the company that runs the metaverse (Gregarious Systems) is portrayed as a "benevolent" company that somewhat respects its users and acts in the best interest of people (you may be thinking of the intentions of IOI and Nolan Sorrento, the adverserial company that sound like our Facebook). Uh, there's also an unfounded claim in the story that the metaverse software (the OASIS) is ope…

One could argue that the benevolent company was giving people an excuse to ignore the problems in the real world. Didn't the main character gain the option to delete Gregarious Systems if he deemed it was best for the world?

Re: Facebook Renames to Meta

#355

Post by timbit42 »

htrp wrote: post #254

"The concept [Meta] originates from Snow Crash, a dystopian novel from the 1990s in which people flee the crumbling real world to be fully immersed in a virtual one" Facebook is creating a virtual world to allow us to escape the deteriorating state of this one.

Sounds like the matrix.

Re: Facebook Renames to Meta

#356

Post by viro »

czottmann wrote: post #329
viro wrote: post #245

Earlier quoted context omitted.

Its people that are the problem, they are just using Facebook as a scapegoat. No matter what they do, they(FB) will get attacked by 50% of the country ... Remove GOP voices spreading crazy shit .. They are suddenly suppressing political voices(censorship). Leave the content up and suddenly Facebook is responsible for domestic terrorist attacks. Honestly Facebook has literally been begging congress to regulate them. T…

As a European, I look at FB in a global context, i.e. less U.S.-centric, and am shocked and disgusted for their "profits yes, responsibility no thanks" approach in, say, non-English speaking countries around the World.

Why isn't that the governments in those countries responsibility? Why should Facebook even be allowed to enforce Western culture(values) onto non-western countries.

Re: Facebook Renames to Meta

#357

Post by Havoc »

awestroke wrote: post #13

Reading about this company just drains my energy and enthusiasm right away. Can't put my finger on why.

> Can't put my finger on why.

Cause they're evil like a certain other company but managed to skip straight over the "Don't be evil" phase.

Re: Facebook Renames to Meta

#358

Post by mohanmcgeek »

adpirz wrote: post #233
ra7 wrote: post #119

Earlier quoted context omitted.

Don’t like Facebook one bit, but Zuck is almost always spot on with his bets. So yes, incredibly scary as it has a high likelihood of succeeding.

This discounts a lot of failures and products without real success: - Facebook Apps - Facebook Home - Facebook Workplace - Facebook Portal - Facebook Essentials What he's done well: found promising competition and subsumed them. I think AR is going to be a huge part of the future. I don't think Facebook is going to lead that effort, not because I don't want them to (though I don't), but because they don't have a trac…

Also "Facebook platform" which Chamath ran to the ground.

Re: Facebook Renames to Meta

#359

Post by sverhagen »

JKCalhoun wrote: post #65
danso wrote: post #5

Earlier quoted context omitted.

For better or worse, it does seem Zuckerberg is as invested in making the "metaverse" the new future of Facebook as Jobs was with Apple and the iPhone

Seems like "metaverse" means walled internet. "You've got mail!" LOL

LOL? You mean AOL?

Re: Facebook Renames to Meta

#360

Post by wlesieutre »

Impossible wrote: post #347
carbonguy wrote: post #304

Earlier quoted context omitted.

> If there is going to be a metaverse, I'm not sure I want Facebook to own it. It's like a bad sci-fi pulp story. I'm confident I don't want them to own it - or for it to be owned by a single party of any kind, for that matter. > Given their investment and research, I wonder if they should open it all up (even if contradictory to short-term gains in ad revenue) so it has a chance to grow? I mean, that would be nice f…

For b) assuming each Quest costs Meta around $400, and they are sending to 1B users, $400B, so about half their market cap and 10x yearly revenue :).

They sell the Quest for $200, do you really think they're losing another $200 on each unit?
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