The note on Reality Labs is pretty big in my opinion given the rebranding as Meta.
Meta Reports Second Quarter 2022 Results
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Re: Meta Reports Second Quarter 2022 Results
#62Earlier quoted context omitted.
Au revoir? Don't think dethroning the lizard king is going to be that easy.
Snarky only comments aren’t in the spirit of HN… That said I laughed out loud to this. I’m not a FB fan because of all the dark patterns. Edit: Added “only”
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Re: Meta Reports Second Quarter 2022 Results
#63Lower 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.
They’ve deeply embedded themselves into my life because of Whatsapp.
Life and work are nearly impossible here without Whatsapp.
Re: Meta Reports Second Quarter 2022 Results
#64On 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.
Imagine Facebook comment sections…but in VR.
Yikes!
Re: Meta Reports Second Quarter 2022 Results
#65Disclaimer: Ex-Facebooker. The first thing to know about Facebook is that they view the social media landscape in two dimensions: format and audience size. Format here means text -> audio -> video. So if you look at the match up between audience of 1:1,000,000 and text you'll find Twitter, for example. This has served FB quite well but what happens after video, if anything? Well, the company believes the next two ste…
Re: #2, they also decided to merge Facebook with Oculus login, and I still refuse to buy an Oculus for that reason alone. I'm tired of my data being cross analyzed and seeing creepy ads follow me around the internet. Last thing I want to do is plug into some Facebook metaverse where even my eyeball movements are analyzed and processed.
As a kid I thought I would love VR. And even as solid as the modern experiences have gotten, spending more than 15 minutes in a headset is nauseating, and there's so much ceremony to get set up and you pretty much are expected to stand while playing. I'd rather veg out on the couch with a PS4 controller, I guess?
Re: Meta Reports Second Quarter 2022 Results
#66On 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.
They have the capital and people. I keep asking people I know if anybody is excited about their metaverse, and only a marketing person told me she was. Their reputation from past behavior is going to make it difficult for people to adopt. I see a big flop, but I have been wrong before.
Re: Meta Reports Second Quarter 2022 Results
#67Lower 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.
They’ve deeply embedded themselves into my life because of Whatsapp. Life and work are nearly impossible here without Whatsapp.
Yeah but how much advertising revenue does WhatsApp bring in?
Re: Meta Reports Second Quarter 2022 Results
#68https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning... - Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv - Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv - Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount - Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount - Average Rev…
Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?
The market tracks the future, not the present. Underperforming, even marginally, against expectations implies that the trend for the next quarter is going to be down as well.
Re: Meta Reports Second Quarter 2022 Results
#69As usual, people making a fool out of themselves by confusing "Facebook is no longer cool" with actual value.
Half the adults on this planet use a Meta product DAILY, and they added some 3% to it in an incredibly difficult environment.
The only interesting thing in the results are the lower ad prices.
Re: Meta Reports Second Quarter 2022 Results
#70Facebook pays a lower effective tax rate than most HN commenters.