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Meta Reports First Quarter 2024 Results

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Re: Meta Reports First Quarter 2024 Results

#81

Post by acchow »

threeseed wrote: post #69

Threads has also now rapidly grown to 150m MAU with higher DAU than X. It's an incredible achievement to bootstrap a social network to the leader in its category in less than a year. And it demonstrates the power of Facebook and Instagram in being able to drive traffic. It must be comforting for Meta to know that if they wanted to build a leading TikTok competitor or any other social network in the future they can ea…

> It must be comforting for Meta to know that if they wanted to build a leading TikTok competitor or any other social network in the future they can easily do it.

They already did. It's called Reels.

Re: Meta Reports First Quarter 2024 Results

#82

Post by joshspankit »

threeseed wrote: post #74
StressedDev wrote: post #45

Earlier quoted context omitted.

That is a very serious charge. Do you have any proof or are you just making things up?

In June 2022, several artificial intelligence (AI) initiatives that were previously a part of Meta AI were transitioned to Reality Labs. This also includes Meta's fundamental AI Research laboratory FAIR which is now part of the Reality Labs - Research (RLR) division. https://en.wikipedia.org/wiki/Reality_Labs

This is wild.

Their accounting could massively hurt the VR industry (to the point, the comment above about how it’s too bad VR can’t be profitable).

IMO it’s not AI or VR that will take over, but a combination of the two.

Re: Meta Reports First Quarter 2024 Results

#83

Post by Quekid5 »

999900000999 wrote: post #58
xyst wrote: post #44

Earlier quoted context omitted.

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).

Just like fusion is juuuuust 20 years away... for the last 30 years.

Not saying they're the same level of difficulty/tech, necessarily, but there's a reason we have the term Hype Cycle. We had one for VR about 25-30 years ago. Recently, we've had Second Hype Cycle... maybe next it'll be for realsies or it'll be Third Hype Cycle for VR?

Apologies for the jadedness, but... you see enough of the meta at some point :)

EDIT: What's the actual killer app for VR for the general population ? We're already over-saturated with a plethora of entertainment.

Re: Meta Reports First Quarter 2024 Results

#84

Post by psunavy03 »

asadm wrote: post #71
matsemann wrote: post #46

Earlier quoted context omitted.

It's so weird to me. My Facebook feed is dead, no one posts anymore. The last weeks they spam me with notifications about nothing to get me back in and creating fake engagement. "Peter you added as a friend in high school but have never spoken to since or ever interacted with on the platform commented on a meme page, check it out".

blue app is dead mostly. But instagram is def not!

For when people are so stupid that reading is hard and they need pictures . . .

Re: Meta Reports First Quarter 2024 Results

#85

Post by nkingsy »

chaostheory wrote: post #80
goles wrote: post #73

Earlier quoted context omitted.

Surprised to see so many people negative on meta in this thread. I've used VR at conventions and buddies houses but I've been holding off on picking up a headset for a couple of revisions until they are in their sweet spot of development. Where most of the kinks are worked out, there's a good library of Apps and games, and doesn't require enthusist level commitment which I don't have the time or patience for anymore.…

Im not surprised about the negative comments. I’d be more surprised if the negative commenters have even tried VR. VR and AR are just such a huge paradigm shift that according to the data, only tweens and children “just get it” as a demographic group without a lot of coaxing and explaining. I would say that it’s their generation’s NES. Being an adult VR enthusiast feels like being part of something like the homebrew…

Tweens and children are the only ones with supple inner ear linings.

As a 40-yo VR enthusiast, I can't play anything that requires elective X/Y movement (first person shooter) without getting sick. The "teleport" mechanic is really clunky.

My kids can play anything and never get sick.

My parents can't even do a driving sim without getting dizzy in a couple of minutes.

Re: Meta Reports First Quarter 2024 Results

#86

Post by slily »

wkat4242 wrote: post #77
threeseed wrote: post #69

Threads has also now rapidly grown to 150m MAU with higher DAU than X. It's an incredible achievement to bootstrap a social network to the leader in its category in less than a year. And it demonstrates the power of Facebook and Instagram in being able to drive traffic. It must be comforting for Meta to know that if they wanted to build a leading TikTok competitor or any other social network in the future they can ea…

Seriousy? They have higher daily active users than X?? I'm really surprised to hear that. I don't really use either but wow. Of course Meta is doing everything to make Threads work, and Elon is doing everything to burn X to the ground, there's that :P But yes it is impressive.

They must have a very creative definition of "active user" because Zuckerberg gets 15-20k likes on his posts while I can scroll down X and find several posts a few hours old from random gimmick accounts with many times more. Taking that at face value to call Threads "the leader in its category" is comical.

Re: Meta Reports First Quarter 2024 Results

#87

Post by Zetaphor »

ApolloFortyNine wrote: post #21
jsheard wrote: post #4

Oof, 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…

I think it's reasonable to assume that a pretty large portion of this is going into R&D. They've shown multiple prototypes that are addressing different technologies/techniques for improving the clarity and quality of VR experiences.

I could be mistaken, but I believe they were the ones to pioneer varifocal displays, a technology which has still yet to ship in an HMD. The earliest prototypes relied on physically moving the lens, where the latest prototypes are using some form of electrically charged lens that changes its focal distance based on voltage.

Once you start going down the rabbit hole of projects they've either announced or have been leaked it's easy to see how you could spend that kind of money, and that's only the stuff we know about.

Re: Meta Reports First Quarter 2024 Results

#88

Post by bobthepanda »

psunavy03 wrote: post #84
asadm wrote: post #71

Earlier quoted context omitted.

blue app is dead mostly. But instagram is def not!

For when people are so stupid that reading is hard and they need pictures . . .

the facebook feed is also mostly pictures and memes so not sure how that's any different

Re: Meta Reports First Quarter 2024 Results

#89

Post by phillypham »

slily wrote: post #86
wkat4242 wrote: post #77

Earlier quoted context omitted.

Seriousy? They have higher daily active users than X?? I'm really surprised to hear that. I don't really use either but wow. Of course Meta is doing everything to make Threads work, and Elon is doing everything to burn X to the ground, there's that :P But yes it is impressive.

They must have a very creative definition of "active user" because Zuckerberg gets 15-20k likes on his posts while I can scroll down X and find several posts a few hours old from random gimmick accounts with many times more. Taking that at face value to call Threads "the leader in its category" is comical.

Instagram shows posts from Threads in the feed. I accidentally click on these all the time.

Re: Meta Reports First Quarter 2024 Results

#90

Post by 999900000999 »

Quekid5 wrote: post #83
999900000999 wrote: post #58

Earlier quoted context omitted.

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).

Just like fusion is juuuuust 20 years away... for the last 30 years. Not saying they're the same level of difficulty/tech, necessarily, but there's a reason we have the term Hype Cycle. We had one for VR about 25-30 years ago. Recently, we've had Second Hype Cycle... maybe next it'll be for realsies or it'll be Third Hype Cycle for VR? Apologies for the jadedness, but... you see enough of the meta at some point :) ED…

Imagine being able to put on glasses, and instantly have your computer. Your hands are tracked so you can type without a keyboard.

This replaces the computer for most people. With Windows on ARM you could probably build something like this today, but it's still too billy.

If I had a billion dollars I'd be working on a single device that replaces everything. Your phone, your TV( or at least sync to it so content is seamless). Then I'd sell it below cost with a subscription of some sort.

With an open source model at a reasonable markup.

That's the endgame for Meta. You'll never leave their new ecosystem.

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