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the game is you're supposed to beat analysts figures at the very least. easier when you have headroom or extra trick up your sleeves. I vaguely remember there was a time when facebook was so hot they were able to cook up a nice round figure for revenue or something prior or for IPO. pure flexing.
Why? Facebook isn't a Hedge Fund. They want to beat their competitors, not market research predictions.
Earlier quoted context omitted.
the game is you're supposed to beat analysts figures at the very least. easier when you have headroom or extra trick up your sleeves. I vaguely remember there was a time when facebook was so hot they were able to cook up a nice round figure for revenue or something prior or for IPO. pure flexing.
Why? Facebook isn't a Hedge Fund. They want to beat their competitors, not market research predictions.
Not quite. They want to satisfy shareholders. Beating competitors is second-order because the shareholders will be happy (read: get more money) when that happens.
'Crack' is the sound that is commonly associated with 'a whip'.
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They are still a very powerful part of interpersonal communication - friends and family. The only way forward is for them to kick out Mark, stop the insanity that is Metaverse, focus on their core and play nice with the platforms and regulators.
From a less cynical point of view, they have basically bet the farm on "Metaverse." They can no longer buy out competitors (the FTC will block them), and they need a new monopoly to keep printing money. If they can make even a moderate success out of the metaverse project, they can get out of the hole. If they can make a massive success of the project, they will easily be the new Apple. However, I'm not sure that a r…
In what way? If Facebook wanted to replace the iPhone with some "metaverse" device they would need to be able to build a device way more advanced than their current offerings at a price point equal to or less than the iPhone. That means they would need to make up for thousands of person years of engineering, manufacturing, and operations expertise that Apple currently has.
You're basically saying "If Facebook could build a copy of Apple from scratch and make some compelling products, they could be the next Apple". Samsung is an industrial behemoth and just keeps up with Apple.
Not only is that unlikely it doesn't even sound possible.
On the metaverse question: does anyone seriously believe Facebook can innovate, let alone build a new industry?
On the metaverse question: does anyone seriously believe Facebook can innovate, let alone build a new industry?
On the metaverse question: does anyone seriously believe Facebook can innovate, let alone build a new industry?
I kind of think FB is uniquely positioned to make the metaverse thing work, if it possibly can. I just think it’s unlikely we’ll ever see it catch on, no matter who is pushing it.
Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year. Au revoir, Facebook.
Au revoir? Don't think dethroning the lizard king is going to be that easy.