Facebook is slowly dying.
Instagram is slowly dying.
WhatsApp makes no money.
The Metaverse has been widely rejected.
I don't understand why the Meta stock hasn't plummeted even more than it already did.
Instagram is slowly dying.
WhatsApp makes no money.
The Metaverse has been widely rejected.
I don't understand why the Meta stock hasn't plummeted even more than it already did.
Because they are still making a lot of money
I used to be an investor in FB but I sold out of it all in JAN 2020 at $206/share when I didn’t see the point in it.
[0]: https://markets.businessinsider.com/news/stocks/meta-faceboo...
Even though growth is slowing/negative at META, they still made $4.5B on $28B in revenue in the previous quarter.
What they need is a 'killer app'. The PC would never have gotten on to a desktop if it weren't for spreadsheets and word processing, and the internet wouldn't have become ubiquitous if it weren't for the web. The metaverse currently has nothing to motivate normal people to want to strap on a headset to use it for more than a few minutes at a time to play a game or maybe watch a movie, currently, so Meta is struggling to find a compelling consumer appeal. Most people who get a Quest end up sticking in their closet after playing with it for a few weeks.
With that, they can be to the early 21st century office what Microsoft was to the late 20th century office.
The problem is Facebook is a consumer company, and VR will be an office tech (at first) and I’m not sure Facebook has the culture to do what Microsoft did. They need to adapt fast.
But technologically, they’re already there. The Meta Quest pro has everything it needs to be what Dell was to business in the 90s and 2000s. At this point Software and Sales is the game they stand to lose.
If I were Slack I would be gunning for the same prize. But I haven’t heard anything about VR at Slack, so it seems like they’re going to lose.
x is dying, y is dying.
FB is not dying. It is literally a money printing machine and will continue to be for many years.
Instagram, despite being over a decade old (very old in the internet world), continues to grow [quarter over quarter](https://i.gyazo.com/aee60a22bcc2757f446340c51a17b3bc.png). Where in that photo do you come to the conclusion "Instagram is slowly dying"?
Metaverse has not been rejected. If you're like me and follow its progress, you can see making significant improvements year over year but it is still in the early adopter phase. Like it or not, humans want more visceral experiences and putting yourself in a 3D virtual environment is a lot more visceral than staring at a 2D screen. Only a tech boomer would say metaverse is rejected when it's still in its infancy.
While i agree, it can be both at the same time.
previously Facebook was a money printing machine that was growing, and was valued accordingly.
now when Facebook is slowly shrinking it is valued accordingly.
How can that be, when it doesn’t exist yet?
Facebook is one of the main companies that is working on making the equipment affordable. It’s too bad that it’s out of your price range buy it looks like Facebook is working on making this a computer replacement. Their tech is cutting edge technology so imo the $350 they charge seems reasonable.