FB

Kriegprojekt

If you bought INTC at the beginning of 2017, you'd be up $2.03 a share today. Up 61ish on NFLX, down 10$ on DIS and up 53$ on FB. I would love to buy back into INTC but considering they are basically claiming they cant do what they need to without massive Government subsidies, I dont think its a good hold (shares). I may look into some ITM LEAPS if they are reasonable priced. I wouldnt think there would be a lot of upside on them though.

Baggabones88

By late August/early September, Zillow, Redfin, Opendoor, Compass, and all the other "tech housing" companies will go bankrupt. Meta (FB) will be "showing signs of trouble," according to Jim Cramer in, ohhhhhh, I don't know, two weeks? Maybe three? He will then continue to pump banking stocks as they continue their decline. GME will steadily decline for a week until it pops up to $138 briefly and then declines steadily again until it pops up to $138 briefly and then declines steadily again until it pops up to $138 briefly and then declines steadily again. JPOW will admit that things aren't looking as good as they were expecting them to by now and that the fed has many tools and is willing to use them if the data suggests it's pertinent to do so, but right now they're waiting to see what happens with unemployment and inflation, and will decide what to do after the data comes in, at which point they will analyze the data from a month ago and watch for the data for this month next month, at which point they'll analyze the data from the prior month and see how far behind the curve they can get while maintaining a positive outlook on the economy and growth... We're fucked.

Spiritual_Extreme_81

After that HOOD deal today: If Bloomberg releases a shocking news bit about a stock and it plunges buy calls, if it causes parabolic rise get puts What a disgrace those clowns 🤡 are insider trading. That’s # 2 this year, don’t forget the fake ass FB news they dropped the day before earnings earlier in the year

Frank_Caswole

2% move after earnings is now meaningful? You're really grasping for straws here... Bring back the FB style drops.

Immediate-Assist-598

So you ae in denial that trump works for Putinj. You probably think the Steele dossier is a hoax and Hunter Biden is to blame. You think Mueller found nothing, the FB I had no reason to be wiretapping Russian agents in Trump Tower, the Durham Investigation proved Hillary was to blame, and the 22 year funding of trump bt Putin never happened even though all trumps admit it and boasted abojut it prior to 2016. I'll leave you with my favorites. first circa 2015, Michael Cohen reports Trump just heard some mysterious Russian overpaid for a ramshackle Florida mansion he for sale by a whopping 50 million. That is the Russia paid 50 million above asking. Trump winked to Cohen and say "that was Putin", and trump was very proud of getting that bribe. I advise you also study the strict barriers and rules Mueller had to contend with in his investigation where he convicted 44 Russians and Trump 2016 top officials. 1) He wasnt alowed to indict Trump 2) He could not look at the trump Org and their financing 3) He cojld not follow Russian money back prior to 2016 3) He could not investigate anything not directly linked to the 2016 campaign 4) he has to close and end the investigation with "only" 44 convictions Putin also openly admitted yes of course he intervened in the 2016 election to help Trump. It was no secret. Mueller and others detailed the 10 million Russian trolls they created to act as disinformation agents from 2016 to the present day. If you had ten million fans on the internet lying for you don't you think you could make headway in whatever it was you were trying to do? Read the Steele Dossier. It is almost all proven facts. It is exactly how it went down. See Jill Stein and Michael Flynn celebrating with Putin in Moscow right after the election, Both weer Russian agents. Stein alone made the difference in the election when trump had no Green fake Russian candidate in 20290 he tried to make one up with Kanye West. Read the Trump Tower meeting transcripts. Openly soliciting election help and lovin it from Russian agents and trump was on speakerphone. Or how about deripaska oligarch jet following trump to every campaign appearance in 2016? Or Marint Butima an arrested Russian agent as a fake journalist asking Trump questions about Putin and Russia? or tyrump celebrating with Lavrov and the Russian ambassador in the Oval Office after firing Comey precisely because he wouldnt promise to close the Russia investigation. por McCain walking the steele Dossier into Comey and finding out they'd never seen it but it matched their own intel exactly? Or here is a doozy, google the 2016 audio of McCarthy Ryan and Jordan discussing and agreeing that TRUMP IS A RUSSIAN AGENT, then agreeiing with the Treason Caucus listening to cover it up and lie about it. Hillary llost by 35,000 in seven key precincts targeted because Russia hacked the DNC got all their polling data, while manafort also shatres GOP date with Russian agent Kiliminik, then it all went to Cambridge Analytica (a Russian intelligence op co-run by Steve Bannon) where it weapnized th trolls to attack and bombard those seven districts right before the election to smear Hillary and suppress the vote. Hillary would if not for Putin's running Trump's internet, trolling, blackmail and bribery campaigns. Any one of Putin's many attacks oin Hillary would have made the difference. PLus Putin did many victory laps after that in Russia everyone boasting that he had rigged the US election and now had an "agent" in the Oval Office. Now you tell me one piece of what I just wrote that isn't fact. Bet you can't.

SpookyBravo

Should we kill FB/META? I feel like a lot of people (including myself and close friends) are plainly no longer using FB products for reasons like bots, over-marketing, old people posting old memes, etc. FB has run it's course and honestly has no positive impact on society. I've shut down all my FB related accounts and encourage others to do so too. Let's kill a giant.

callmecrude

It’s down 40% from highs. But to add some perspective: FB is down 55%, AAPL down 22%, AMZN down 37%, NFLX down 72%, GOOGL down 20%. An evenly distributed FAANG portfolio has dropped more than Tesla has so by your argument tesla would be the better investment.

bartturner

I personally have had far better luck with investing into individual stocks. I am also old and that has been true my entire life of investing. I have done really well with big tech in particular. Right now Google for example is a great individual stock investment. But really you want to own the big five, IMHO. Google, Apple, Amazon, Microsoft and FB. For me in that order.

Turtlesz

Sold a covered call (FB) that isn't set to expire until 7/1. If the stock hits the strike price tomorrow, would there be a good chance the shares get called away immediately or does it generally happen after expiration? When is a good time to roll up and out?

HodloBaggins

Yeah it’s also endless possibilities to harvest data and basically indoctrinate a whole generation for the companies in charge of that virtual world. It’ll start with education. META/FB are already lobbying for education to go metaversical and the World Economic Forum is doing the PR for them, making it seem like it’s about accessibility, ease of use and inclusivity.

ColonelSpacePirate

This was flag as fake news on FB and false on snopes …. please stop posting fake shit

picsit

That's what I thought FB, LULU & KMX would tank because of inflation but no they all "squeezed" instead.

AlexJiang27

I didn't talk about myself. I commented that the "banks and 1%" wish to sell their bags to us. So I'm wondering why they would do that. First of all the banks and 1% hold stocks of profitable companies. I don't think they invest in GME, WISH, PTON, LMND etc. and if they do its a very small portion of their portfolio. All those profitable companies will definately be worth more in the future. So why someone would sell stocks of profitable companies to retail investors. Do they really want us to make money? Back in March 2020 I bought FB at 160 (when everyone was selling their bags). The price keep falling down and reached a low of 146 and after that skyrocket. I sold around 290 thinking this is top. I was wrong and stock kept going higher till it reached 390. Now the price is again at the Covid lows, and I'm thinking to start a new position. I would love to "banks and 1%" to sell their bags to me. Please send the price of Meta to 130 and I will buy all the bags I could afford.

maryjanevermont

DCA Apple, sell FB on any rallies- it’s dead

UB007

Facebook: they will see a massive decline from their core source of revenue- small business advertisements. Think about how much the little mom and pop shop will be hurting when the fed funds rate is 7% because historically inflation has never gone down until FFR is above it. The rest: Netflix, maybe, but competition is only getting stronger. Apple - too complex, too many different sources of revenue to analyze but with potential issues with China (say they decide to go Taiwan a go), it’s a risk still at these levels. Amazon - way overvalued at these levels because it’s still trading like 50% higher than the S&P multiple. Google - same as FB, but I like them the best.

patriot2024

QQQ is great. You don't miss much with QQQ. I think FB has a good chance of getting huge returns in the next decade. This Metaverse thing doesn't get good PR, but if you think about it, our lives are getting more and more virtual. They won't be 100% virtual or even 90% or 80% virtual. But we are getting more and more virtual. Here's the thing: the current interface to the virtual world is deficient. Phones are small. Computers are cumbersome. One interface breakthrough, like glasses or car windshields, etc., and it would change things significantly.

i_put_my_pants

FB level meme

FunFail5910

We could definitely be range bound for a few years of market cooling as far as the market tanking more next week it’s the same principle as the market hitting new ATH’s like in 2020. Look at all the companies that completely collapsed in 2008. If behemoths like FB and NFLX collapsed in the next month then watch out otherwise we’re hitting the point of being range bound.

bartturner

At some point it will be purdent for FB to do their own like Google has done with the TPUs.

bartturner

It is most definitely not over for the mega tech companies. Which are Google, Apple, Amazon, Microsoft and FB. Take Google. They just have a massive runway to work with built on all their assets yet to be fully moentized. Google for example has the most popular mobile operating system on the plannet and charges zilch for it. There are well over a billion Android devices activated a year. Google could charge just a couple bucks license for each and add billions to their bottom line. It does not add any material new expense so would almost all go to the bottom line. Also search. Google continues to grow their market share and has over 92%. The value of being the control of information to 92% of the people on this plannet has endless ways to further moentize. https://gs.statcounter.com/search-engine-market-share

DMVganggang

That’s fair. Big tech does get hyped up a lot on this sub, I wish people talked about realistic bear case scenarios that aren’t calling it dot com bubble 2.0 lol. I used to be big into Meta, I bought the Cambridge Analytica dip in 2018 aggressively and bought more during Covid. I sold out though because I’m not sure how well they’ll do moving forward with the iOS 14-15 updates. So far they’ve still had 20%+ revenue growth since it was implemented so it hasn’t hit them yet. I’ve seen some chatter online from marketing folks saying they’ve seen an uptick in spending on FB ads but I don’t know the data on it. There’s Definitely a lot of money to be made in Meta if the metaverse pans out. $40B income on a $400B market cap

AP9384629344432

I'll give you an example of a project i've been working on. I wanted to scrape my Vanguard data, process it into a clean format, and calculate from my transaction history my exact balance on each data. This was a few simple scripts in Python and R and easily replicable. I wanted to calculate the modified Dietz return of my portfolio. I was able to use an existing R package and do this easily. As a result, i can generate with no extra work something like [this](https://imgur.com/4qpXRNC) or [this](https://imgur.com/GzxEnMo) and quickly see my portfolio performance. Another project is that I am running a portfolio game of 10 people, and I need to on a daily basis scrape in today's prices, and compute performance and produce graphs to show everyone's YTD performance. One line of Python code and if something gets messed up, I can quickly go to the line of code needing tweaking (oh no, FB got renamed to META!) In Excel, you don't have lines of code telling you how you got to each step, it's just point and click everywhere.

kippypapa

And new tech becomes base tech eventually. Remember when we thought the world was ending because Microsoft owned like 99% of the OS market? Then new devices and new companies changed that drastically. My thought is that people tire of social media when it becomes all spam ads all the time. It’s already hard to use the FB UI because it’s so clutttered. My mom uses it and just ends up clicking on ads for shit and signs up for right wing MLM newsletters all the time. Kind of like how the entire internet is now content marketing. People just stop paying attention. We’ll see what happens with Reddit going forward. People like Reddit because it’s just many web forums. But once they load up on ads, people will move elsewhere.

dragespir

Imagine saying this on a FB post 😂

EchoooEchooEcho

You haven't used snap cause the demographic was never designed for current adults. The teens that are using it will continue to use it into adulthood. FB started with young people that grew up, current FB demo is older gen that continued to use it. Same with insta although insta is way more diverse in age demographics.

abrandis

I originally had hope in crypto being some form.of non governmental exchange, but ultimately have to realize unless you have some powerful authority backing up your money ,all other forms of non governmental currencies are prone to fail. Just to give you an idea of how threatened governments are from a real serious crypto currency threat ..unsettling their fiat currency applecart. Remember Libra FB crypto attempt a few years back..well they squashed it pretty quickly because they realized that if over 1bln folks started to trade in it , over time it might have gained enough explosure to be a challenge.. The only way I see any digital currency gaining any foothold is when people start using it form day to day transactions, not just speculative purposes.

Franky90026

If you already own BTC reduce your exposure to MSTR and COIN and cut your losses now. Take that capital and invest in dividend stocks ( my personal fav ZIM) or get you some beat down stocks FB even a lil TSLA ?

perfectdark89

Just saw my middle school band teacher on FB and I would hit it. Not someone I expected to age like wine, but maybe that's what happens with being around kids all day

jollyrowger

Honestly, Netflix may not be able to target people that well either just yet for ads. I don’t believe they capture any demographic information with your account which is what you want so they’d either be using 3rd party data (location or FB to triangulate) or it’s least common denominator targeting. With Nielsen having since SVOD data for their panel…that may be the tipping point? Who knows, it’ll be an interesting thing to see unfold.

shredmiyagi

I feel like Netflix's rise and drop makes perfect sense? It was an unsustainable business model, given the number of the big mega corporations coming into their space. I think Meta's drop is the most impressive. WhatsApp has about 2B active users, FB has 3B, Instagram has 1B... the demographics are spread out between the entire planet, all age groups, despite the anti-FB sentiment. Their only weak spot on social is the TikTok space, which has been rivaled decently well by Reels. Of course the Metaverse positioning seems preposterous to me as well, but they have so much capital and resources, and there are arguments for the long-term big money to be made in that sector... I just don't understand how the Oculus/VR aspect becomes our next iPhone/essential hardware platform. If it gets to the point where they are light sun glasses with fine battery life and no adverse effects on the eyes/neuro-related, so that people can use them anywhere for long periods of time, then sure, I can see VR/Metaverse being an essential tool. However, Meta would also have to keep it a very open platform while policing it in a likable fair manner; it seems like it'd be infinitely more complicated than FB and Twitter if user base became so large. In the meantime, I get why everyone thinks he's taking on a goliath challenge and perhaps putting Meta at risk of becoming the next suicide giant (AOL, Yahoo, etc.).

Remarkable-Ganache-8

Show me the data. Why are MAUs and DAUs growing. (US/CA is flat for the last 5 years.) Also IG and WA are still there and growing. Noone expects FB to grow anymore. Even with the huge stepback in tracking. There is just no other palce to track than on Facebook. The sales funnel is found on FB not Google. CPMs are back to pre-covid levels.

greytoc

This post has been removed because it is a common beginner topic. We get too many of these topics every day and to prevent them from swamping the front page, we are removing main threads of this kind. You are welcome to repost your question in the [daily discussion thread](https://www.reddit.com/r/investing/about/sticky?num=1). If you have any issue with this removal, please message the moderators. Thank you. If you want to learn more about the capital markets - The reading list in the wiki and FAQ has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - [Reading List](https://www.reddit.com/r/investing/wiki/readinglist) If you know nothing about the capital markets - the Getting Started section at the SEC educational site can be a good place to start - [investor.gov](https://investor.gov) \- there are also short 30 second videos on basics. The SEC (Securities and Exchange Commission) is a US regulator with a focus to protect US investors through regulatory oversight of the securities markets. The FINRA education site at [Finra Education](https://www.finra.org/investors/learn-to-invest) also contains numerous free courses and educational materials. FINRA is a not-for-profit SRO (self regulatory organization) which is self-funded by it's members which are broker-dealers. It works under the supervision of the SEC with a mandate to protect the investing public against fraud and bad practice. For formal educational materials, several colleges and universities make their course work available for free. If want to learn about the financial markets - an older but reasonably relevant course is [Financial Markets (2011) - Yale University](https://www.youtube.com/playlist?list=PL8FB14A2200B87185) This is the introduction to financial markets course taught by Prof. Shiller from Yale. Prof Shiller won the Nobel prize in economics in 2013. Another relavent course from MIT is a lecture series on Finance Theory taught by Prof Andrew Lo - [Financial Theory (2008) - MIT](https://www.youtube.com/playlist?list=PLUl4u3cNGP63B2lDhyKOsImI7FjCf6eDW). A more current course can be found at NYU Stern School of Business by Prof Aswath Damodaran - [Corporate Finance Spring 2019](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/webcastcfspr19.htm). Prof Damodaran offers the latest materials and webcast lectures to this class here - https://pages.stern.nyu.edu/~adamodar/New_Home_Page/corpfin.html

KimAleksP

FB is a dying platform. Look at what age groups actually uses it. Meta is getting absolutely crushed by privacy solutions and concerns from Apple, EU, etc. I work in a agency where we have see a rapid decline in companies willing to spend their budget on FB ads. Lack of data is a huge pain in the ass and makes the advertersing on FB so much harder. The AI also sucks since is gets less and less 3parts data. Companies cant profit like they used to on FB, but more important they cant meassure their ROAS(think ROI, ROAS=return on ad spend) probably because you simple cant see what happens when 90% of all Apple users opt out of tracking (yes its around 90%)

yolomfker

OIL, NFLX, META, TOP, FB [are all trending stocks by social influence](https://swaggystocks.com/dashboard/stocks/market-sentiment). this is getting interesting

CommercialCity2000

I never would expected FB to tank as hard as it did because the company shits money

Main_Contribution237

I thought the same thing when FB bought instagram I loved IG back then, before the buyout and even a bit after but then went to shit but also went to do something amazing. Before fb bought IG, ig was more a place to show your life in photos, and also more “photography” centered. More “photographers” used it, and when people used it they kinda acted like a “photographer” now it’s all ads, all promotions, all culture. It’s really impressive what they did to IG even if they killed the app I liked back in the day. I say all this bs cause fb has very smart people and for all intents and purposes unlimited resources. I don’t think we should write them off so so fast. 1) all the used inconveniences you mentioned can and will be ironed out if they continue 2) I see fb using the metabersa kinda like instagram. I see the meta verse something you “check into” that is if you are not checking into it you are missing out. Kinda how you may feel with your FB or IG accounts now, or have before. The I gotta ask what are you checking in for or to do? Old model would say attention and info to tailor ads. I think a lot of this will still be going on. As well as spaces and events to visit. Maybe NFT awards and tickets ect will be developed,. Integrated marketplaces for all things meta. ( think skin sales $$$$) a lot of stuff I think will still have to do w ads.

whyrweyelling

No impact on me??? Wow, so short sighted. Ever since FB became popular, it's been a virus upon society. Destroying relationships and lives all over the place. Yes, it does have impact on me, and you, and everyone else because it's a big part of our society. DUH?!?! jesus, people are dense.

T3amk1ll

Thing is though, while FB might no longer be used, Instagram and WhatsApp both belong to the company as well.

filtervw

Bro, Metaverse will be huge but not as envisioned by Zuck. This guy has never worked outside his circle of yes-men at FB and is soon a 40 years old dad. I refuse to believe that the innovation that will open the metaverse for all will come from the guys who make money from softporn "influencers" in Instagram and grandparents living in cheesy quotes and lame pictures on FB.

djbmelty

Schedule is out.... And literally not one sports show on TV or radio says nothing about it.... XFL, USFL, CFL, ARENA FB all get national airtime in some form. This is junk

kstorm88

I'm curious, who posts stuff for sale on FB at 3am..

kriptonicx

Blaming social media for all of society's problems is more or less just an extension of what we've done with every new technology that's seen rapid, mass adoption. When I was a kid it was TV and video games, but you rarely hear people worrying about those today. I'm sure social media isn't good for some people, but from what I've read it's mostly a US thing. People in India aren't developing metal health disorders from using FB for example. The political polarisation doesn't really exist so much outside of the US either. It seems there are probably a lot of other factors that explain why Americans are specifically so politically polarised and have so many mental health issues. Social media is just the easiest thing to blame.

jaghataikhan

VGT has some weird quirks in that it doesn't include half the megatech firms like Amazon (in retail), GOOG/ FB (in communications), etc

T3amk1ll

Yeah, everyone seems to have switched from FB to Instagram. It really liked FB. random question, do you use WhatsApp by any chance too?

Usual_Cow6410

i saw when FB had PE of 20 then 18 then 14 . whats your point? value trap

TJMBeav

They got a lot to waste. Like I said. Meta atleast has a plausible buisness mpdel and they can flex spend as needed. You see what the P/E is? How much cash they print and print and print. And add spen on FB still growing nicely. But WTF do I know.

osendze

Please FB fly at open, save my calls 

hamwithit

Facebook and Instagram's real userbase is a lot lower than they claim. To give off the impression they're still growing, they opened the gates to bot registration, but I suspect their user base in the US has been declining for a while now. While Facebook advertisers have some the highest conversion rates , they also have the worst experience. For example FB constantly bans ad accounts, only to unban them an hour before the day is over. A $5,000 budget that was suppose to spend in 24 hours, ends up being spent in that hour. This ends up artificially driving up CPMs for everyone. You can only grow revenues using tactics like this for so long.... Shit now a days advertisers cant even see which gender or age group a conversion came from... just another sign their user base is dwindling big time. Just my two cents

Lathus01

Zuckerberg is a fucking idiot that stole an idea and is willing to risk USA national security and the personal security of every user as long as he gets paid. That being said, he is trying to cash in on the name “metaverse” as it’s very popular and no one really knows what it’s going to be. No one will be wearing those stupid googles to “do business” 🙄. I saw Cramer do it on cnbc and he was raving about it but also complaining. If you are truly interested in learning about the future of business and commerce on the internet you should be looking at Web 3.0 and it’s connections to blockchain tech. It’s still early and will go through periods of ironing out the wrinkles. Forget about Meta/FB. Cramer is pushing it too hard. To me that means he wants to pump the price a bit so he can get out of his positions. I truly see 0 future paths for Meta/FB. They’ll be around but will ultimately die out like MySpace. The online social experience is changing.

rpm6900

FB is junk

Fancydrinking

Metaverse looks like it came straight out of 1997 graphics wise. Extremely unimpressed, not only that you have the FB eco system. I'd short the fuck out this trash if I could.

oarabbus

it was too early. FB became king because it came out right when mobile was maturing

SnowDay111

1. As you said the form factor is not comfortable. They need to move to glass form factor if they want large adoption. Keep the price at the same level as the quest 2 (or lower) 2. They need to create amazing VR games that can hook in the gamers and generate revenue, and create an active social network. 3. The graphic need to get better. What I've seen of the Metaverse on yt, the graphic level is not enough. With these three items in place Meta can start moving FB and Instagram into Metaverse to bring in more people and go from there.

SwordState

The metaverse isn't a place, it's a state. We'll never know when we're fully in the metaverse because it's less a declarative point, and more of a transition to how we interact with fellow humans through technology. Reddit threads are a part of the metaverse, just as much as virtual zoom meetings. FB changing it's name into Meta, implying metaverse makes one think that there will be this day when they'll unravel this metaverse product like the iPhone. Maybe they will, but it won't *be* the Metaverse. I think it's more about slowly learning about how communicating with humans can *feel* more human. It'll be slow transition, but advancements in technology will slowly enable humans to have more value with interacting with each other digitally. I think the metaverse will fully be the metaverse when a majority of people prefer interacting online as opposed to IRL because it'll allow a humans to express themselves in a greater capacity than IRL. I'm sure increasing global climate events, advancements with quantum computing, self learning AI, crypto zero-knowledge proofs of human validation, developing/refining a new language(s) for human-human VR/AR interaction, and wireless brain to computer interfaces will all add to this incentivization of digital interaction. What mark is doing is investing in R&D to figure out optimal ways to create new languages humans can express themselves through VR/AR that enhance what would be a normal IRL interaction. In the short term, I'll probably loose a lot of money figuring shit out, and in the long term, it's going to be everyone's lives (despite if that's on Meta's platform or not).

DrKramerBhol

$FB puts over the next decade

OrifielM

I'm in your age group and have had the same experience, was told by younger generations that FB is only for "old people" age 30 and up these days, lol! Instagram, Twitter, YouTube, and TikTok are the current dominant social media platforms, I think. It's wild because I remember when YouTube and Twitter came out around the same time as FB, and they're still big while FB has been dying a slow death.

niceskinthrowaway

Don’t use margin and don’t enter the same stocks you were in. You’d be better off buying the tqqq and praying. Full disclosure I have 4000 FB 2024 420c options. Make of that what you will lmao.

DangerOtter

Facebook has always stolen concepts or bought them. Tiktok isn’t selling. They can’t innovate so he’s running with “meta” and they have no plan. They have no product. Facebook is a dying company. It will be the first really FANG to fade in the next 10 years. Not die as FB and IG will continue to have huge market share, but their growth days are over unless they can expand. He’s betting metaverse is it. Even though there is endless competition and he doesn’t even have a real contender. I’d argue most video game companies have a better early metaverse than the rudimentary VR shit meta has done.

Caribou_Lit

The whole thing about social media is sharing you with other people. making your body, life, experience seem to be what you actually want it to be and showing that to everyone. Lots of people actually become consumers of their own content. VR does not add anything to the narcotic like elemets of social media. In fact, its detracting a lot from them. Its a video game. Its not people dressing up reality to trick people in to thinking its real. Its objectively fake. Its not blurring the line between fantasy and reality. Its just fantasy. People are going to have to totally give up their value systems for this to work. Its going to have to be seen as "cool" to literally live inside video games. Thats never going to happen when people can still leave their houses to do things. People going hiking and backpacking will still be the drivers on social media. Lets not forget that Meta is not a social media company. They are an advertising company. Social media is just a platform for their advertising. Thats why FB had to buy instagram. So how does VR lead to more advertising and sales revenue? Are you advertising the same reality shit they are now? It seems like living in a virtual world is in conflict with advertising real goods. So that leads to virtual goods, which brings NFTs into the discussion. This would mean people are spending their real money they presumably earn from jobs on NFT virtual products that they can only interact with in the metaverse. So now were in a situation where people have stopped valuing real goods in favor of virtual ones. And for the verse to be successful, this would have to be on a level akin to real goods. Real vs virtual goods are competitors, not complimentary goods. So best case, Meta is going to be opening up a marketplace that competes with its current business model...... Yeah. Nothing about this shit show makes any sense. VR is different. Its does have some immersive applications, like flight sims, but its not a place people want to live in. More importantly, VR isnt a place that will increase advertising or sales revenue. Maybe in 100 years when humanity has given up on itself. But not now.

CartAgain

I agree 100% on the usefullness of the possibilities. For me the problem is 'can FB pull it off'

tradeandgo

As a dev, AR and VR can be a tough sector to code. Simply because there’s isn’t a single universe library that will allow companies to share it around. It’s like a wild-west where you’re trying to find the outlaw coder that discovered a features that he manages to build. There’s going to be different languages that has different capabilities and you can’t really link all of them as one holy trinity. That’s why it’s a tough sector to get into. Most people say we have reached the peak of tech innovation in the mobile phones. I can’t agree more for mainstream “innovation” of hardwares but they don’t know is these big companies are heavily invested in the virtual reality space. FB might be too focus on VR, which to me is a bit costly compared to AR. The VR sector has been a dog fight between Microsoft and FB. Whereas the AR side is between AAPL and GOOGLE, which is cost effective and useful practical examples. The question is whether FB can nail the VR & Meta combined? I honestly don’t know. You see, Mark is creating a centralised meta where he can control and monetise the whole sector. Does that appeal to the current meta verse that already existed ? Looking at a few comments and other communities and even Venture capitalists, they are not happy with it simply because It is centralised and you may not know what Mark is going to do. I might see it as a safe and controllable where new people will not get hurt from scammers. Sure, people will argue that blockchain helps to keep track on the scammers (that’s like me managed to find who’s the culprits location but I can’t find a private police because it’s not worth paying $5k just to retrieve money that is worth $500. Am I betting on Marks future ? I think I will past on this one because I have better stocks that matches better numbers and the price valuation.

bighand1

>Zuck isn't going to make training software for pilots, engineers, or doctors. FB was never going to make money from creating these apps, it's clear that they are geared toward creating the ecosystem that other developers will make apps for.

wildup

Their oil is useless when people are driving electric cars and using renewable energy. Lol. I don't use Facebook or anything related to FB anymore. They can't use my data to show relevant ads to me when I don't use their products. FB is dying and will be gone in the near future.

RatRaceUnderdog

There’s also an argument to be that execution that FB makes is not truly innovation and is actually mimicry, optimization and monetization. Besides the initial creation of the FB app, most new features have been copied from other platforms, or were disliked by consumers. This strategy works when you’re the large incumbent. But this aspect of their business philosophy will make them struggle now that they’re trying to break ground on something completely new. It’s just not in their corporate culture to drive innovation, it’s always been about mimicking rivals, and driving ad growth. All the messaging about being able to buy digital goods has no appeal to me whatsoever, and I struggle to see how they win user with just that argument

DerianV

Yeah I mean I started the account back up again with 3500 and grinded up to 25k with TSLA AMZN & FB calls prior to this disaster. Really just convinced my self I didn’t need more time and we’d cross into the mid 30’s within 2 weeks.

Caribou_Lit

> Why is the metaverse something work investing billions of dollars in? Its not Zuck is in an echo chamber of success. He has forgotten that he stole FB from his friends and just bought up other people's ideas. Zuck may be good at deployment and marketing, but hes not an idea guy. This happens ALL THE FUCKING TIME to successful people. They think they can just show up, throw money and things, and have them be successful. We had VR headsets in the 90s and they failed. They have failed in every decade after that. No one wants that shit. I think VR keeps coming up because its the obvious mathematical progression from current media. 2D + 1 = 3D, but people dont realize that this adds nothing to 99% of media experiences. Lets look at the progression of media calling words "frist gen" media. Pictures would be 2nd generation. We can all agree that pictures add a level of detail and complexity to content not possible with words. Third generation is video, which adds another level of detail, new ways to tell stories, and enrichment. What about 3D video? Does that add anything? Not really. its a gimmick. 3D was invented in the 70s or something and failed. 3Ds TVs failed when they tried to reimplement it. No one wants to wear shit on their faces. Now there is consumer VR. Again. Does it add anything to the experience? Yeah in some game. Flight sims are super dope in VR. But in 99% of cases, video, pictures, and words make up the entirety of the experience. VR remains a gimmick. The metaverse is just another obvious VR progression. FB was social media pictures, instragram is social media pictures, Metaverse is social media VR. It doesnt add anything to the experience. Its going to fail just like every other VR application. Zuck's folly.

YoungDumbBrokeJS

I dont like Zucker but you have to admit that owning FB, IG and Whatsapp is just too much too skyp as an investment at its current price

justme129

I'm old enough to remember when FB was only open to us college kids! How time flies...haha. I agree. My nieces and nephews don't go on FB and would rather go on tiktok or youtube. My friends now are mostly on Instagram. The only people still on FB are my casual high school friends, and my older aunts and uncles who I try to avoid. FB used to be 'cool,' now people look at me crazy for still going on there once in the blue moon. Like when did I become so 'uncool.' LOL O\_o

ptwonline

IMO the Metaverse (or whatever it ends up being called) will just become the natural evolutiion of what we think about being "online", and will increasingly be part of our everyday experience. It happens gradually, but think about what being online was like in the 90s. Had to dial up, connect through a few portals and go to a few islands of content. Now we're connected all the time, have access to so much, stream music/video/live events, gaming. Live group calls no problem. And so on. It's just more and more and better and better and it happens so gradually that you have to step back and look from a different perspective to fully realize just how much things have changed in a single human generation. I think the Metaverse will continue that trend. We'll get AR/VR and eventually it will seem totally normal and integrated into our business lives and personal lives. I don't know what specifically Meta is trying to do, but at the very least they seem to want a lot of control of the hardware and the apps to create the experiences. They may (I do not know) also be essentially trying to build the main architecture, and basically be the Windows/Android/iOS of the Metaverse and literally make trillions from it. I think the Metaverse will be huge. I do not think Meta will end up being a major player in it because they do not seem to innovate very well. Even just listening to Zuckerberg talking yesterday it was metrics metrics metrics and AI figuring out what content to serve peopel to drive those metrics, and no central focus on a simple thing: what will make people's lives better and make them want to come back? Instead he just wants to resort to whatever tricks he can to loop people in, and little thought about how that ends up driving people away eventually (like we are seeing now with FB).

IsThereAnythingLeft-

Because zuck is trying a last ditched attempt to keep people invested in FB

cerebud

Zuck is wrong. He hopes VR will save FB, but it won’t. He looks pretty foolish, IMO

hinkin2020

Short FB

7FigureMarketer

This is absolutely the right path for a company that needs to own an entire "world" and the ability to monopolize monetization of it, but as other says, he'll be very early and user adoption is going to be very key. It can be argued that FB (and Google) already own the digital world, but the one thing they don't own is a playground with unlimited upsells, cross-sells and gamification. Funny enough, though, Apple does with their ecosystem. It may not be AR/VR or have any element of the blockchain, but it's even more genius - company's pay them 30% and create the damn addictive products themselves! Back to the topic. Great concepts don't always get traction and that's unfortunate. And much you said with AI vehicles, it's not something that's instantly achievable, though conceptually, 100% what needs to happen.

_R_Daneel_Olivaw

Yes, please, FB needs to die a painful death.

n_random_variables

my opinion on this, with no research beyond what i remember from current events news at the time, is that everything "meta" related is merely a forced rebranding of FB in an attempt to avoid bad press. If you recall, right before they became meta, FB was getting raked over the coals in the press for data security, enabling all kinds of bad shit, being bad for mental health, ignoring internal content guidelines, letting big names get free passes on content, etc. There was talk about anti trust investigations. Suddenly that all vanished, right after they rebranded and got people to talk about something else. Flushing a couple billion a year down the drain on an eternal development project that is actually just advertising is a really good ROI that helped them side step much bigger problems. I expect anything they make out of this to be about as fun as a mandatory HR training video.

Ronaldoooope

FB metaverse will fail but there are others that’ll succeed

AdamJensensCoat

I don't think he'll be seen as a visionary — VR has been on the pop culture radar since the 90s with fits and starts every ~10 years. Also, I don't see what Meta is building that creates any kind of moat outside of their reliance on Insta and FB install base to feed into whatever their Metaverse platform becomes. Gaming companies are already doing all of this, and much better than Meta's developers. MMOs are their own type of metaverse and there are now dozens of them in existence with 100k+ daily users. The idea that there will be a dominant VR space that behaves as a fits-all platform for all kinds of VR activities ignores lots of fundamentals. Right now it's basically just another Second Life. The extra piece is VR itself. There's real issues with focal distance for those using VR for periods exceeding 30 minutes. Basically, your eyes are looking "deep" into a scene while focusing on display just an inch or two away. There's the very real possibility that eye strain will remain a limiting factor for regular VR consumption. It would be like if you sat staring at a Magic Eye poster all day — probably not great long term.

Cavej007

You assuming my opinion is based on not using FB is laughably ignorant. Look at FB($META) 5yr ticker and tell me I'm wrong... I'll wait

East1st

Zuck is right, but a bit early. That being said, once it takes off, Meta will be way ahead of everyone. Companies will be rushing to figure out how to beat or integrate with the Meta Metaverse. The R&D investments Meta is making now are going to propel us into the next internet in the same way the FB made social media a mainstay, the key question is whether Meta will be how soon they can profit from it.

RampantPrototyping

>from what I would consider a great business at its core. The core business is still there and growing. They aint shutting down FB or Instagram. Sure $10B goes into their new AR/VR branch, but the remaining $40B of the FCF goes right into the bank.

equityorasset

because facebook has the best engineers working on this project. And not to mention the core business of FB,Instagram, and Whatsapp is still a really great business.

DeansFrenchOnion1

No opinion on META but calling FB a sinking ship because you stopped using it is laughably fucking stupid.

Cavej007

FB is a sinking ship, they have to do something... This is their something.

GGisLove

Energy and FB stacking a dump today :(

MattMasterChief

Sorry, just realised you're talking about Zuckerberg's Metaverse with a capital M, not a possible metaverse (term was in use before FB trademarked it) That place is a dumster fire waiting to happen and another unholy hook waiting to bury itself into those foolish enough to use it Fuck that place

Wherewithall8878

Yeah, it’s likely he realizes Facebook is played out with the younger crowd and is trying to stay relevant as he fades away like his greatest creation. The guy is loaded and FB was great when it first came out, but does anyone in younger, disruptive tech circles really consider Zuckerberg relevant at this point? Doubtful.

AMSolar

What I did from the beginning is get over 60% of my money with SPY and IWF and spend the rest 40% gambling with stocks I understand from an industry perspective (I used to be Sysadmin and hardware geek) I was humble about my abilities and thought to myself - if my bets were worse than the S&P500 I'd quit gambling with stocks. My bets ended up ahead of the S&P500 and I got +340% overall over 4 years despite some of my picks losing 95% of value and most of my money being in safe ETFs like SPY and despite losing ~25% year to date. Most of the money was made on Tesla when it was trading lower in 2018 than it was in 2013 and I thought it was ridiculous from an exponential progress perspective so I bought $500 of Tesla and sold some of it for +2000%, some of it for +1300%, some of it for +1000% making thousands just on this small $500 bet. AMD was another obvious pick that it was fairly guaranteed it would go up at that point, it just wasn't obvious to the masses oblivious to semiconductors yet. Google was a solid pick. But everything else I hate to admit was pure luck. I sold FB just before they lost a chunk of the value. I bought Bitcoin low, sold it high before it lost its value, rode NXP semiconductors wave with the luckiest turns of events - again I bought it low and very quickly without any rational sold it at what it turned out was the best possible moment. Etc. Despite technically "winning" I've learned my lesson and from now on I stick with ETF's: 90% of it is in VTI and IWF. I hold no stocks.

tobiasfunkgay

People generally don't go from regular daily users to cutting the cord overnight though like in your example. You might use FB 2 hours per day then gradually over time spend more and more time on IG and less on FB then one day you decide meh do I really need it and delete your profile. The point is more that as certain people use it less generally its because they're migrating to products owned by the same brand rather than a competitor. Like if I decide to switch up my drink at lunch from Coke to Fanta Coca Cola wins either way.

Pro-From-Dover

No shit Sherlock. And what percentage of revenue does FB generate vs. IG and WA?

friedchicken4health

That initial 5mins on FB was insane

cbusoh66

Zuckerberg feeling the heat about the collapse of FB/Meta stock price and the overall reputation of his company that he’s forced to go on Cramer’s, what a desperate move…

ses92

There’s a lot more to it than just the current cash flows tho: A lot investors look at the stocks in long-term and right now there is no clear path for a bright future for FB. Looking at MSFT - huge in the 90s then spent 15 years with no obvious growth before they expanded into cloud services. Apple languished in obscurity and was near bankruptcy before expanding into personal gadgets like iPod and iPhone. All of these companies had strong cash flows in the past and were a mainstay of consumer products. The same question is being posed right now to FB. They’re losing the social media game, Facebook.com is mostly irrelevant and constantly being challenged by regulations, Instagram probably being the only relevant and “cool” social media, even then, younger kids are using tiktok, WhatsApp is a mainstay outside of the US but no clear path towards monetization. And so they plan to expand into the “meta verse” - I have no fucking idea what it means. I think most people don’t realize exactly what it’s supposed to mean. I don’t think we will live like in ready player one. I don’t think VR will nearly have the Revolutionary potential of the personal gadgets - although I conceded I might be wrong and possibly biased because VR headsets make me dizzy and nauseous and I don’t even play video games. I believe this is what the market is assessing. Sure they’re making money now, but for how long, and they burning through tens of billions per year into an idea that could possibly never become a reality. That’s not to say that FB is done, but pricing FB as a growth company when there’s no clear path towards growth will bring down its P/R valuations which is what we’re seeing. Making a huge single bet will also come with a lot of inherent risks and the market is pricing that too. If you’re ok with all these risks then it’s more than fair - but it’s also important to take note of them.

Joppe84

It's not like the time you spend om FB is transferred IG. If my girlfriend spends 1 hour each day om FB, 2 hours om IG, she quits FB, then it doesn't mean she will spend 3 hours om IG. Meta Will lose on losing FB uaers. It's not exactly rocket science.

tobiasfunkgay

It's more a matter of total eyeball time for these companies, if you still browse Meta products for 2 hours per day all being equal they're unaffected. What I don't know is the relative profitability of FB vs IG. One hour on IG may be worth double to them or half I'm not sure. I'd be interested to find out though.

GoldHill108

Sorry but I don't know anyone that can wear a VR headset for more than 45 minutes without getting a migraine. What happens to FB if metaverse fails and goes the way of Google glass, Wii, Kinetic, Gameboy 3D, insert another over hyped but impractical technology. Tech that's small, lightweight, portable, practical, and portable wins out over expensive and clunky everytime. FB may have a lot of cash on hand, but with the next generation looking at it like it's a VCR, Google and Apple shutting them out on user data and having to rebrand because they took what was once a useful service and turned it into what feels like craigslist..... I'm doubtful of it having growing utility beyond u targeted ads. (Typed but not proofread.)

Joppe84

You might be right, but if a person uses FB and IG, quits FB and remains on IG, how is that NOT a loss to Meta?

tobiasfunkgay

I also know a lot of older folk joining FB. People who have lots of disposable income, without the tech skills to install ad blockers and are receptive to adverts. Also most younger people I know leaving FB are leaving because they only use Instagram which isn't a loss for Meta.

TheUncleverestDev

One thing you have to understand about FB/Meta is they have data. They know you, me, and everyone else. Besides Google, they have the most consumer information. They didn’t go into the metaverse because it would distract from FB. They went there based on data and that Zuck is a robot that chases money and data. They know the next big trend before anyone else. Don’t forget people use FB to log into almost every platform. Until they don’t, they know where the people are going.

normalize_123

Innovation is accidental and sometimes disruptive. I have yet to see someone in the tech world start out with a clear vision of how the next 5-10 years will look like and build a product for that. Take any example: Even Steve Jobs thought the App Store model would probably be a 1 billion dollar business. Google or Microsoft or FB or any company that has become a behemoth had no idea they would get there. This is why this whole meta verse thing will implode.

Joppe84

>Their user base isn’t just going to crumble. Really? People I know are leaving FB left right and center. But maybe the statistics state otherwise.