Legs are old news, certainly there must be other body parts that can generate revenue…?!
Meta announces tails!
I'll buy into VR as a social scene when furries start using it.
Oh boy, let me introduce you to VRChat...
There are... might make the board room a bit awkward though.
Free cashflow at zero, down from $9.5B in the year-ago quarter. They can would’ve-could’ve all they want about currency exchange rates but there’s no escaping cashflow.
Stock is getting hammered after-hours. Down 11% currently.
Honestly I would be pretty unsurprised if Mark is fine with the stock getting hammered since it makes buybacks cheaper, he's certainly taken advantage of the discount this year. Tell everyone you're going to lose money for the next decade, wait for your stock to get hammered, buy it back for 50 cents on the dollar, and start making money again. Works for mark since he can't be fired.
Not a good sign, even they live on a mountain of cash the trend is no good.
Revenue increased by 2% on a constant currency basis.
And yes costs are up but they are having to do hardware R&D that they have never done before.
> Revenue increased by 2% on a constant currency basis.