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re: Meta Platforms (Facebook) Discussion
Posted on 10/27/22 at 8:59 am to slackster
Posted on 10/27/22 at 8:59 am to slackster
quote:
Well FB admitted to spending 10B dollars on their metaverse last year. Literally throwing money away
Facebook crashing TD Post from March
The second they say they are going to stop burning all their money on the metaverse, the stock will change course. However, doubt that happens any time soon with Zuck in charge. Their entire company is trying to make it happen, but their vision of it is a dystopian nightmare for the user. It is a platform for advertisers, they have no killer feature.
0
Posted on 10/27/22 at 9:02 am to slackster
quote:Zuckerberg's obsessive dalliances in the "metaverse" are a moneysink.
Meta Platforms (Facebook) Discussion
Posted on 10/27/22 at 12:53 pm to el Gaucho
quote:
We know advertisements aren't where these technology companies make their money.
Want to know how I know you have no idea what you are talking about?
Meta Advertising revenue in Q3 ALONE was $27.23B. They made $296m PER DAY in advertising revenue.
I am not defending the direction the company is going, but you just sound stupid saying shite like this.
This post was edited on 10/27/22 at 12:54 pm
Posted on 10/27/22 at 1:15 pm to slackster
quote:
Has virtually nothing to do with their politics.
Sure it does. You can try to eliminate that, but people remember and have done away with the platform.
Posted on 10/27/22 at 1:47 pm to Odinson
Yeah, I’ve bought approx, 155, 125, and now 98 lol. For an avg now just under $118. Bought heavier today. Will add one more time at $75 range that would bring avg to $100 even. That’s it for me. Will let it sit for a while. Either whatever they’re doing will work or it won’t. Also hopefully they lean up staff. I’m sure you guys have seen the video of the “product managers” day in a life. Talk about needing to trim the Cush jobs
Posted on 10/27/22 at 1:54 pm to TigerDeBaiter
Posted on 10/27/22 at 3:58 pm to TigerDeBaiter
(no message)
This post was edited on 2/9/23 at 3:05 pm
Posted on 10/27/22 at 5:04 pm to Jjdoc
quote:
Sure it does. You can try to eliminate that, but people remember and have done away with the platform.
I don’t closely follow the company or the stock, other than when I do option plays on it. But are you claiming that they’ve lost a meaningful number of MAUs because of political reasons and that’s the primary cause of their downturn? I really don’t know. But from the synopses I’ve heard today, it has more to do with Apple’s changes to the way it handles MacOS and iOS advertisements, Tik-Tok competition and overspending (with nothing to show for it) on the Metaverse initiative.
Posted on 10/27/22 at 5:34 pm to TigerIron
And the cherry on top.. she posted it on snap. Which is indeed taking some market share from FB
Posted on 10/27/22 at 7:46 pm to slackster
Midterm ad revenue next quarter could give it a temporary bump...but does strong quarter = Zuck is gonna throw even more money and resources at his metaverse?
Posted on 10/27/22 at 10:05 pm to Jag_Warrior
quote:
But are you claiming that they’ve lost a meaningful number of MAUs because of political reasons and that’s the primary cause of their downturn?
A major reason:
quote:
Facebook is losing users for the first time ever and shares in Meta have fallen off a cliff
Headline this year Feb 22.
LINK
quote:
Facebook scrambles to escape stock’s death spiral as users flee, sales drop
Published Fri, Sep 30 2022
LINK
quote:
Users are jumping ship and advertisers are reducing their spending, leaving Meta poised to report its second straight drop in quarterly revenue
quote:
But from the synopses I’ve heard today, it has more to do with Apple’s changes to the way it handles MacOS and iOS advertisements, Tik-Tok competition and overspending (with nothing to show for it) on the Metaverse initiative.
This is true too. But Slack was saying that a user drop has nothing to do with it.
I was pointing out that it did and does. Most of the user drop is they are using platforms that are not censoring.
Posted on 10/27/22 at 10:19 pm to Jjdoc
quote:
Sure it does. You can try to eliminate that, but people remember and have done away with the platform.
Posted on 10/28/22 at 8:28 am to slackster
This thread is so full of confirmation bias.
This is exactly how people lose their asses in markets.
I simply won’t invest in Facebook because it’s poison and Suckerberg is a tool. Meta May someday take off and make some people money but I’d rather eat shite for the rest of my life then watch something I know will make society even worse than it already has.
I can at least admit that’s a bad emotional take but sometimes principal investing is ok.
This is exactly how people lose their asses in markets.
I simply won’t invest in Facebook because it’s poison and Suckerberg is a tool. Meta May someday take off and make some people money but I’d rather eat shite for the rest of my life then watch something I know will make society even worse than it already has.
I can at least admit that’s a bad emotional take but sometimes principal investing is ok.
This post was edited on 10/28/22 at 8:29 am
Posted on 10/28/22 at 11:34 am to NC_Tigah
quote:
Zuckerberg's obsessive dalliances in the "metaverse" are a moneysink.
Crappy cartoonish graphics in a world where game engines can do photorealism in real time 3D and VR that very quickly becomes a serious pain in the eyes due to viewing little screens a couple of inches from the eyes is a killer. The novelty soon wears off and the eye strain becomes a pain.
I've followed VR for decades and produced a lot of stereoscopic material and some VR for convention attractions. It's a pain and its limitations are physical with the head sets.
That doesn't mean that the non-VR part of Meta is going to die.
The funny thing is that giving people a 3D game like experience to create their own environment to share using templates sans VR would work fine and avoid insoluble problems of VR goggles.
Posted on 10/28/22 at 11:49 am to Auburn1968
I leveraged down a few times this summer thinking the whistleblower report would create a buying opportunity and that it would head back up. Gotdam was I wrong. This metaverse thing is a disaster. If I'm going to invest more in tech it'll be GOOG....just bought a little bit more today at $93.97 to average down there as well.
This post was edited on 10/28/22 at 11:51 am
Posted on 10/28/22 at 12:17 pm to STLhog
quote:
I can at least admit that’s a bad emotional take but sometimes principal investing is ok.
It's more than ok!
Posted on 10/28/22 at 2:03 pm to TDTOM
quote:
I hope it goes to zero.
yup. I am fine with it crashing and burning and him losing his arse now. Sold all my shares today. took the profits and ran.
zuckPosted on 11/4/22 at 11:31 am to Chucktown_Badger
Too many of the analysts on Seeking Alpha seem to think that Metaverse is going to be a massive new market for all kinds of things. Google Cardboard was $10 device that you could put your phone in and run their VR program. It worked but no matter what, it's hard on the eyes to view little screens an inch or two from the eyes.
Posted on 11/4/22 at 12:10 pm to Auburn1968
quote:
Metaverse is going to be a massive new market for all kinds of things.
Posted on 11/4/22 at 12:48 pm to Auburn1968
quote:
Too many of the analysts on Seeking Alpha seem to think that Metaverse is going to be a massive new market for all kinds of things. Google Cardboard was $10 device that you could put your phone in and run their VR program. It worked but no matter what, it's hard on the eyes to view little screens an inch or two from the eyes.
I don't think anyone denies there will be some sort of big market here.
The question is it $5Bn per quarter spending big? That's hard to fathom.
Also stolen from the All In guys*
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