Down 13% after hours because of guidance: https://finance.yahoo.com/news/meta-q1-earnings-135049624.ht...
Yet tsla is up 12%. Someone make it make sense
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Meta Reports First Quarter 2024 Results
51–60 of 171 posts
Re: Meta Reports First Quarter 2024 Results
#52Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
I don’t see VR becoming mainstream. At least today anyways. It’s very niche. Hardware is clunky. The software is locked to Apple or Meta APIs. It’s difficult to explore when the manufacturers put up so many walls within their walled up ecosystems.
Today's VR is good, but not $100B market good. The SV managerial class has read too much into all the NYT bestsellers about "disruptive innovation" and now every goddamn product category must be "disruptive". Nothing can "just exist" anymore...
Re: Meta Reports First Quarter 2024 Results
#53Earlier quoted context omitted.
The days of interesting tech have been gone for a couple of decades now. Every technology is now being quickly enshitified. It's ALL about selling you crap. The nerd Internet was the best, but it's never coming back. The bandwidth gave us streaming - okay, I'll give you that, but we had that before. It's more of an infrastructure thing than "interesting" tech.
I hate the recent "enshittification" trend. It seems to come from some place of entitlement in which people think they deserve to get everything for free. Surprise: you only get what you pay for.
Sounds like you might have been too young to enjoy the 90s Internet
Re: Meta Reports First Quarter 2024 Results
#54Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
The fact that they spend more than everyone else does in the space combined just blows my mind. Their Horizon worlds is literally just a worst VR chat which was developed for And that $4 billion is just per quarter. I honestly would love to see a full breakdown. Nintendo's entire revenue is 12 billion, which is less than Meta VR spends alone, and that includes everything Nintendo does, including developing games. How…
Reality Labs includes a bunch of AI stuff. I assume a bunch of this is training compute for Llama 3/4
Re: Meta Reports First Quarter 2024 Results
#55Looks like something didn't quite work out this quarter: https://i.imgur.com/r80sPwT.jpeg
Re: Meta Reports First Quarter 2024 Results
#56Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
I’m not sure it’s a good business strategy, but I am glad to see ad money fueling more interesting tech than more profitable ads.
I guess something interesting will come up from this but I see it more like investing in technology to create new type of ads.
Re: Meta Reports First Quarter 2024 Results
#57Earlier quoted context omitted.
Don’t worry. The ads come once they establish themselves as the dominant player.
Maybe. It is nice to see cash transactions and subscription models in the space. There’s a chance (maybe it’s slim) that new computing paradigms will bring new business models without ads. Maybe I’m just an optimist.
> There’s a chance (maybe it’s slim) that new computing paradigms will bring new business models without ads
They are:
- pay a monthly subscription
- rent out your brain for computational power in a SAAS startup
- ads
Re: Meta Reports First Quarter 2024 Results
#58Oof, another $4 billion in the hole for Reality Labs. I really want VR to succeed but seeing the biggest player by far still struggling to find any path to profitability (or even breaking even) after iterating on it for a decade makes it hard to be optimistic.
I don’t see VR becoming mainstream. At least today anyways. It’s very niche. Hardware is clunky. The software is locked to Apple or Meta APIs. It’s difficult to explore when the manufacturers put up so many walls within their walled up ecosystems.
Within a decade, full VR will be available in a standard pair of glasses.
Eventually we’ll probably move to a single OS that runs everything, your phone , computer , vr, will all be a single device( or course us old folks will probably still prefer monitor so).
Re: Meta Reports First Quarter 2024 Results
#59Earlier quoted context omitted.
There's literally an ad on the front page right now for a YC startup hiring engineers to protect patient privacy. Follow the link? The company exists to better sell ads based on patient data (but in a "compliant" manner).
Link?
Gone now -- I don't remember the name (unless this was the fastest pivot ever recorded, it was not Glass Health, which currently has a now hiring ad up[1])
Re: Meta Reports First Quarter 2024 Results
#60Earlier quoted context omitted.
It’s a trillion dollar company dude. Many people laughed at their 1B ipo valuation. Basically, never ignore these things.
Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went on about how they would never make money. It's now worth 17 times what I sold at. I also remember around Google's IPO people questioning how they'd ever make money.
i believe FB is a fad at that time. Who knew it make that much money and still going.