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re: Meta Platforms (Facebook) Discussion
Posted on 11/4/22 at 12:54 pm to slackster
Posted on 11/4/22 at 12:54 pm to slackster
I like the idea of Meta but one of the issues I see is the Oculus Quest 2 is very expensive. How can you get people to use or get hooked on a product they can't even afford to initially use.
Every drug dealer knows the 1st few hits and cheap.
Every drug dealer knows the 1st few hits and cheap.
2
Posted on 11/4/22 at 1:23 pm to boogiewoogie1978
quote:
I like the idea of Meta but one of the issues I see is the Oculus Quest 2 is very expensive. How can you get people to use or get hooked on a product they can't even afford to initially use.
Every drug dealer knows the 1st few hits and cheap.
Financing.
Iphone's "cost" $1200 and everyone has one.
Posted on 11/4/22 at 5:14 pm to STLhog
BTW in case y'all didn't hear, Meta pulled out of almost 600,000 SQ ft of office tower space in Austin.
Posted on 11/7/22 at 8:03 am to el Gaucho
quote:
Idk bruh y’all like Romans thinking that now we got concrete we’re finna build towers to the heavens but really we’re hopelessly mired in political corruption and diversity and we gonna get hun’d and Visigoth’d and dark age after that
Posted on 11/7/22 at 9:17 am to boogiewoogie1978
quote:
I like the idea of Meta but one of the issues I see is the Oculus Quest 2 is very expensive. How can you get people to use or get hooked on a product they can't even afford to initially use.
Meta has no idea how to build a market-successful product line. Oculus will continue to be a niche product and Meta investments in VR space will continue to be massive wastes which will eventually implode Meta, and FB will be spun off
Posted on 11/7/22 at 10:15 am to STLhog
quote:
Financing.
Iphone's "cost" $1200 and everyone has one.
Cell phones are responsible for a 40% increase in near sightedness according to my eye doctor. Metaverse is much, much harder on the eyes.
Posted on 11/7/22 at 11:08 am to Auburn1968
Posted on 11/7/22 at 6:49 pm to lsu13lsu
That was a good read, thanks.
Pretty much my exact feelings about meta stated properly. Zuck may be a strange little man but I do not think he is stupid. The lion’s share of spending is going towards overcoming obstacles of the core business and further establishing a moat in a tough constantly evolving industry and they have the cash to warp speed themselves ahead of anyone else other than google for the long run. I like it. Metaverse may or may not be a thing- as far as investing in a stock based off an unknown/potential, I feel like getting a massive one and an established juggernaut all in one at these valuations is worth it.
As always very open to anyone telling me this is unwise, please
Pretty much my exact feelings about meta stated properly. Zuck may be a strange little man but I do not think he is stupid. The lion’s share of spending is going towards overcoming obstacles of the core business and further establishing a moat in a tough constantly evolving industry and they have the cash to warp speed themselves ahead of anyone else other than google for the long run. I like it. Metaverse may or may not be a thing- as far as investing in a stock based off an unknown/potential, I feel like getting a massive one and an established juggernaut all in one at these valuations is worth it.
As always very open to anyone telling me this is unwise, please
Posted on 11/8/22 at 8:37 am to rocksteady
Meta begins mass layoffs... err cost savings this week. Hopefully they start at the reality labs division.
Meta layoffs CNBC
Meta layoffs CNBC
Posted on 11/9/22 at 9:11 am to UltimaParadox
Posted on 11/9/22 at 10:16 am to UltimaParadox
quote:
Meta begins mass layoffs... err cost savings this week. Hopefully they start at the reality labs division.
Meta layoffs CNBC
Posted on 11/10/22 at 7:55 pm to Auburn1968
Kind of wanted to be assigned those shares from puts sold - slightly less bad inflation really ruining my plans
Posted on 11/11/22 at 2:12 pm to rocksteady
What strikes and expiration did you have, if you don’t mind me asking?
Come on over to the options thread and help us keep that going.
Come on over to the options thread and help us keep that going.
Posted on 2/7/23 at 4:22 pm to slackster
This thread was pretty much bottom. Nice entry
Posted on 2/7/23 at 9:42 pm to castorinho
quote:
This thread was pretty much bottom. Nice entry
I have a cost basis in the $200s, but enough was enough from a valuation standpoint. Still believe it’s a high quality long term hold.
This post was edited on 2/8/23 at 12:15 am
Posted on 4/26/23 at 6:36 pm to slackster
Bump. Above breakeven for me now! 
Posted on 4/26/23 at 6:59 pm to slackster
Were you ever tempted to add to your position when it was depressed?
Posted on 4/26/23 at 7:09 pm to Jag_Warrior
quote:
Were you ever tempted to add to your position when it was depressed?
Absolutely, but there were a lot of depressed stocks in the fall, and I honestly had more in it than I wanted. If I would have been more disciplined buying on the front end, I would have had more flexibility to add from $90-$130. I added at $135 a day or two before earnings and that drop following earnings was just demoralizing, hence this thread lol.
ETA: also couldn’t buy the day after earnings because it was under a rating review/change with my firm so we restrict it from personal trading.
This post was edited on 4/26/23 at 7:16 pm
Posted on 4/26/23 at 7:30 pm to slackster
Yeah, I can certainly understand that feeling… maybe a little too well.
Posted on 6/20/23 at 11:45 pm to slackster
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