AR

OptionsTrader14

Some trade ideas this fine morning: Decent breakout setups: **XPRO, AR, VET, AXSM, CCSI, FLYW** I've been avoiding **CAR** because its just going straight up and not consolidating. But it seems to have built a very small flag on the 10 day, and has now broken that on earnings premarket. Look at these fantastic numbers: 850% revenue growth, 95% earnings growth, 32% EPS surprise, 13% earnings surprise. This could be a combined breakout/EP setup. [http://earningswhisper.com/epsdetails/car](https://earningswhisper.com/epsdetails/car) The oil sector looks to be flagging. Take a look at **OIL** or the leveraged **NRGU**. Not going to play it since there's plenty of stock opportunities but its something to consider, looks bullish. Another thing to keep an eye on: "Black Rifle Coffee Company, a Rapidly Growing Premium Coffee Company and Lifestyle Brand with a Mission to Better the Lives of Veterans, Active-Duty Military and First Responders, to Go Public via Combination with **SilverBox Engaged Merger Corp I**." Huge volume coming in premarket, going to open above the 500m cap. The public really loves companies like this, seriously. Lot's of opportunities out there today. Good luck everyone!

yeppersbruh

It has so many practical applications that I'm 100% positive it's not "just Gary's mod vr". Be a little creative. Think about how you can improve doing X by doing it in a virtual world. Education (like teachings surgeons how to do operation X or teaching Doctors how to identify disease Y), real estate (meeting your architect in the virtual world and taking part in the design of your home, seeing a 3D version of the final product and even walking inside of it or walking inside of a house that is very far away so you don't have to drive like a thousand miles to get a first impression), e-commerce (like trying on clothes in the virtual world so you can be sure it fits your size and looks good), and imagine all the things you could do in gaming. Even when I'm thinking about work, if you connect VR and AR in a sophisticated way (which is what they're doing), you could practically work for anyone from anywhere and still be present. No unnecessary flights, no traffic jams (which is good for the environment), no incredibly high rents in the inner city (which is good for your wallet). I'm convinced that this will be good depending on whether or not Meta is actually able to innovate. Considering the amount of Cash they have and the talent that works for them, I'd be surprised if they wouldn't succeed. So yeah, I'm buying Meta and will hold forever.

Pure_Competition_170

check out $NEXCF - AR stock + metaverse play

M83Spinnaker

FB is deep value. Don’t sleep on their future. If apple can build AR like them it’s even better

Pandaman246

Apple because the AR glasses are on the way

mtcwby

Can't get the people, labor prices are going up for the people you do have, and projects are behind now with high material costs. Nobody wants to be floating a big number out there waiting to get paid. Construction companies are my customer base and we're seeing a lot of stress out there nationwide. Just in the past couple of weeks we're seeing people hunkering down for winter. They've had good years but there's a lot of AR out there too.

Patrickstarho

IQ, AR and AI are legit and pretty beaten down tho

BruhTradess

Lol, doubt. Also doubt with IQ, AI and AR tickers. What's left? The 15 most popular large caps on the market lol

Werhli

I hate to admit it, but imagine all the shit posting potential inherent in a large scale, modular VR and or AR platform. Comparing it to Roblox is pretty apt imo and we all know how profitable microtransactions are. Watch, I bet one day there'll be a series of innocuous updates to Facebook where the fine print allows them to just transfer your account into the metaverse as part of the rebranding transition. Still not buying calls till this bitch crashes and burns. ahahaha. fuck me..

commenter37892

I wouldn't buy Apple as a growth stock. You would want a company that is likely still in the million dollar market cap with the potential to hit the billions. This is how you get those returns that literally multiply your portfolio. Don't be afraid to look local. Maybe there isa business that is mid size the rest of the world hasn't been exposed to yet. But could blow up. I wasn't an investor at the time, but I ate at the first chipotle and I would have totally owned them at the time if I were into investing ​ Apple is a great investment though. There will still be some growth opportunity as they build/acquire AR/VR development, and 5G IOT infrastructure. Anti-trust suits could potentially rip open some of these companies one day is one of my fears . It is also the only possible con I can think of. Apple has enough cash to ride out decades of failures, although the cash is more likely spent buying the winning lottery ticket over and over again so to speak by acquiring companies/technologies that are relevant to market. ​ Thanks for reading my ramble. Congrats on getting a stock, and for choosing one of the better ones to start off with

sleepdrift3r

Just wait till Apple releases the AR glasses… you’ll want to have bought as much as possible

DisastrousTourist591

As the sun goes down, with no decorations and the lights mostly off and no candy in your house, Halloween feels awfully like The Purge as soon as night falls. AR ready to rock but I’m tired I need more sleep

Grundle_Monster

Nah dude they have no good news at all. I believe in the tech but the EC was dire. No clear plan with AR tech either. I’m gonna wait for sub $5 and probably grab some shares or leaps.

CloudSleepyA

Meta? What we playing cod? What AR everybody rockin’ with this new loady

experiencednowhack

Some areas... * Car * AR or VR * Macs (for like 5 years they ignored the space while releasing trash...now they're firing on all cylinders). If Iphone can be ~50:50 in 1st world countries, no reason Macs can't be. * Any other uses of Apple Silicon (AS is so far ahead that they could for example resurrect servers or offer a cloud offering and be competitive if they ever wanted to) * iWork... Desktop Pages/Numbers etc are decent. It wouldn't be that crazy for Apple to start competing more with Google Docs/MS Office. * Phone...they've only saturated 1st world. 3rd world has YEARS of growth ahead. * Gaming...their chips are best in class across the board. Culturally they DON'T understand gaming so they do boneheaded things (like refusing to bundle Arcade with a controller). But it wouldn't be that crazy to envision a world where they wake up and decide to compete.

origami_asshole

Might buy a bag. You say bullshit company, rvil people, I say “Securus, connecting friends and family is what we do” If I were Securus, I’d make prison terminals and launch a social media company for prisoners. FaceBlock, with different classes of shares lettered like cell blocks. Hell, make some rentable glasses and launch AR MetaPrison.

daynightcase

Absolutely, their innovation in silicon is going to pay off big big time. They can literally enter any market, AR/VR, Cars, IoT and will have the best chip without relying on any other company

cru3211

The metaverse seems like it's going to be more of a natural evolution of society and technology, versus a centralized effort on the part of a single few companies. It's essentially the next wave of the internet. Research Web3 / Spatial Web for more info. I view it more like a lifeform. An ecosystem that develops as a result of spontaneous order. Blockchain plays a big role in this as almost everything will be fueled by decentralized finance. In this ecosystem, there are small rivers and streams. They all flow and intersect. Like nature, it's uncontrolled, self-organizing, and sustainable. I would buy companies that contribute to this ecosystem. **Unity** is great. **Matterport** is definitely solid as well. Been looking into **HIMX***...* might be a good AR glass play, but I don't really know enough about the company yet. **Coinbase** on the upcoming NFT market as well. I'm excited, but I don't think Facebook is capable of singlehandedly pulling it all together. They could definitely bring forth some new ideas in the space, and maybe become a contributor within this ecosystem. However, I don't believe any single company or entity could be a leader in the metaverse.

chmod-007-bond

Just under the 500M market cap threshold for the sub but I'll take a peek under the hood. I'm looking and I'm immediately scared of Chinese stocks man. How do I price this thing? I assume it's doing something nice with AR/VR/Metaverseface but right now I'd only bet against Chinese stocks. One issue I'd have is investing in a Chinese software company, how does IP work over there? Is it likely this company owns IP/software that other people would like to license? They seem b2b with an SDK - that's very very similar to the business model of the company I work for and we cannot justify to our board adding budget to China for sales right now. We do have some AR/VR workflows and components that we sell so big yikes. I would be really interested to see a R&D project out of China in 3d geometry and visualization that can license their product and isn't pulling most revenue from services. For metaverse I would position AR/VR hardware side in China but I don't know in which companies and I would position software side in US/EMEA.

MCK40

If you’re young and making it a long term hold then yes, I believe it to be a great investment. Think car, VR, AR, IOT, health, etc… I’ve been long for a long time, lol, and I’m staying in for 10-15 years+

MvCSpiderman

VR won't go anywhere, by the times it's viable we will have AR and holograms

ptwonline

I suspect we will have AR first, and then pockets of VR (like AOL and Compuserve in the early internet days). Later they will stay separate depending on function for a long time, but the VR islands will connect into a larger world as things get figured out and a winning formula realized. AR is definitely more useful to augment real-world activities, rather than replace them. I can foresee walking down a real store aisle and having AR give you all sorts of product and pricing info. Like here's an ESG app that tells you the environmental impact of this product and the company behind it. Walking down a virtual aisle to pick foods and have them delivered? Possible, but much, much futher away.

agradychandler

Having bought multiple Oculus headsets and also being an introvert, I was schooled at how much I enjoy connecting with people virtually and playing games. Considering that some of the best investments are the ones that people consume their time with, I really agree with your logic here and think they will be a strong long term play here. I don’t see anyone else doing this much in VR/AR, so I already think they have a leg up

Professor_Abronsius

VR has several other use cases in industries like healthcare, education, transport, military, sports and fashion. That said, I agree with you that AR likely has a lot more to offer in the near future. Most people in the western world also already own the hardware needed. I’m kind of surprised it hasn’t taken off more already.

DarthBuzzard

How do you even manage to invest in tech with such shortsightedness? Zuck has made it very clear he is talking about 10 years from now when literally none of the points you brought up are relevant. None of them. You're not going to have large VR headsets. You're going to have sunglasses. You're not going to be isolated. You're going to have a mixture of VR/AR that easily shows you both worlds. You're not going to have clunky tracking or tons of peripherals. It will be streamlined and function better and faster than any current computing setup, with really good input. You're not going to have limitations compared to videocalls. Avatars will be realistic and better for collaboration and less taxing than being on a videocall.

msnf

IMO AR and VR represent opposing visions for interaction: multi-tasking vs immersion. I believe AR is the future and VR will always be just a niche. To the extent that the metaverse looks like FB's push into VR/immersion, I'm pretty bearish on it. I'd rather FB push into the AR direction, bringing social media as a layer on IRL interaction than as an alternative. Things like meetups, sponsored events, pop-ups, check-ins, wearables, local marketplaces and personals. I think VR has potential in entertainment and potentially teleconferencing, but even then there are hurdles to developing sufficient trust in FB for those applications to be successful

Telkorenar

Honestly, im all in on MVRS (as of december). This AR/VR is a thing and will likely replace phones

icarusphoenixdragon

This is good DD. Do you have more thoughts on timeline? I watched the Meta presentation last week and IMO saw the future of gaming in AR/VR/XR. These have been around in rumor and gimmicky versions, but right now all the mega caps are pivoting this way with ALL OF THE MONEY. If it catches on this time, the key tech will be IP moated from Corsair for a while, I think. That said, nobody has the actual tech yet. It’s realistically 2 or more years off. But the race and the financing are real. Mega caps don’t just wake up one morning and pivot. Zuck, Tim App, and their neighbors are going to come hard and I don’t think they’ll accept that there’s a difference between PC and console based gaming.

Ghurkee

MMAT. They are sponsoring an event called AWE (VR/AR tech) and paneling with FB Monday, also sponsoring AWE 2021 9th-11th. Huge catalysts coming up, heavily shorted.. Probable partnership with FB aka Meta

lowrankcluster

Self-driving and AR/VR are two very big areas where aapl will dominate.

Mycatspiss

So Meta is 23 P.E. Ahead on the curve on AR and VR R&D. Introducing the Metaverse. Introducing their own crypto Some retarded game token MANA up 100 percent on metaworld hypes. We now have enough crossover between FB and retarded crypto/metaworld hype to turn this into some meme momentum. Meta PT 400 by Q2 2022.

LongTermTendieLoser

In my fantasy world, meta/FB bumps due to AR/VR hopes, then Cohen actually does it and cucks the zuck.. DWAC opens a platform taking 20% of users from the meta, FB burns to the ground and I get rich off puts. And yes I guess I do deserve the flair 😂

deadjawa

I believe in the metaverse. It’s inevitable in my mind. What I don’t believe is that it’s coming in <5 years. Oculus has been around for 5 years and we still don’t have an even mildly commercially viable AR device on the market. That tells me the technology required is nowhere near commercialization. What I also don’t believe is that Facebook’s business model is the one that will capture the metaverse. AR is fundamentally a hardware problem. FB has never successfully launched a new hardware platform. Until either of these two factors changes I can’t see myself buying FB despite my belief that the “metaverse” is probably a gigantic market.

Seabound117

Not to wrap too much tin foil around my head but given the current culture I'm not sure we are ready for a 24/7 immersive AR experience that will likely be almost immediately overrun by trolls and where every action you make can be saved in perpetuity for later cancellation depending on the way the societal winds blow.

PlsDontNuke

I wonder if Twitter is gonna be next to create a VR/AR world learning from Facebook's mistakes after Facebook crashes and burns. I could see Twitter ending up being the main rival that Steam has to overcome to eventually dominate the space. Wish Valve would IPO

gizamo

This is actually why meta will be successful, VR/AR Tinder, OnlyFans, and PornHub.

TOPBAR76

For all you brilliant wsb boys, BB has patents on the AR/VR glasses that zucky was bragging about. One of the patent infringements was those very glasses.

Hodl4tendies

Can't you do like 85% of view before inducing seizures? Not sure on that, think I saw it on Ready Player One or something, which I use for 99% of my investment decisions because I am retarded but it's worked so far-ish. Getting an IOI vibe from zuck and we saw how that panned out for IOI. I think I Meta good decision going long on GME for 3.0 ... unless you think boomers are going to be loving bringing you those GIFs with roses and glitter in AR.

Ennartee

If (when) AR takes off, it’s not going to be FB that makes it a success - it’ll be Apple. FB is the antithesis of “cool”. Think Google Glass was a flop? FB is less cool than Google. If you want to bet on AR invest in Apple - they’re the only ones with the vision, ability, and carry through to make it desirable to the masses.

GoogleOfficial

I watched it, and it was pretty interesting to see what there thoughts were about what will develop and how they fit into the picture. They seem to want to own the platform that you will use to access the metaverse, and some operating system for experiences/UI. Very speculative though. I bought in after the announcement because: 1) I am bullish on VR/AR generally. 2) companies investing for the long term are what I look for in growth stocks. 3) Facebook’s current multiple is reasonable, and you basically are getting Metaverse optionality as a cheap bonus.

merlinsbeers

They own a VR company and believe that that's how people are going to want to interact in the future. Or at the very least they think that's where the highest growth will be. Integrating AR and VR doesn't seem like it would be very hard.

AdamJensensCoat

I feel the same way. I’m a VR enthusiast and a lifelong digital experience geek. Have been glued to every breakthrough in processing and display tech of the past 30 years and 4k 60fps gaming has been awesome to finally witness. I couldn’t be less enthusiastic about the Metaverse concept as a persistent VR/AR experience. None of it lines up with what the last 10 years of VR have taught us. Even my most enthusiastic friends — when I ask them ‘how much VR do you consume in a given week?’ The answer is almost always “none” or “less than 1hr.” The central problem is that VR is exhausting. Until that problem is solved and VR experiences blend seamlessly with meatspace, I don’t see it experiencing anything resembling mass adoption, like some have been expecting for well over 5 years. The best digital experiences are passive or low-friction. VR and AR are the opposite of that. Until this is solved, I see no compelling reason to believe it that collaborative work will resemble anything like FB’s vision.

ekimallis

They’re also way ahead of the competition with their new chipsets, and just wait for VR/AR to get launched. Healthcare will be another big play. I’m more bullish on Apple than I’ve ever been.

Calm_Leek_1362

They are no longer growing users. And their revenue per user isn't growing. Facebook is very profitable, but it looks like this is far as it can go. Apple also put a lot of facebooks ad money in their pocket under this guise of privacy, and it's going to affect their revenues. The next phase of the company lies in acquisition of new up and coming social networks, and their other idea is VR/AR. Disruptive technologies always falter at first. They aren't as good as existing tech for a long time, and then it matures and passes the previous tech. I don't use VR regularly, but as the costs of the supporting hardware fall, and they are able to reduce the size of the headsets, it will become a much more viable main steam technology. The few VR experiences I've had were really impressive. Meta is planning for ten years from now, where instead of discrete displays being everywhere (TV, laptop, desktop, phone, tablet, smart watch), each person has an AR or VR experience that goes everywhere and can be shared.

ocassionallyaduck

LMGDAO. Only on reddit "Sony is done. Microsoft killed them." as Sony is publishing literally it's highest record profits ever and has consistently been completely sold out of it's new console. The Xbox is also doing great and GamePass is amazing, but you are absolutely up your own ass if you think that Sony, who just acquired 4 next development studios this year who were long term partners, is somehow dead. And yes, Valve, the company that runs Steam, is not a real company. You're right. I'll go use my Games for Windows Live Marketplace account instead. Microsoft actually has produced multiple VR and AR projects for the enterprise space, most notably the Hololens which is able to integrate directly into windows for heads up displays and AR augmentation for specific needs in the technology and manufacturing sector. For consumer purposes it is absurdly highly priced and unappearing, but for what it is in the industry it is fantastic, and a hybrid headset that works with Xbox (since Xbox and Windows can carry over software rather easily) would be something MS could acheive easily down the road. You could not have a worse take my friend.

Helhiem

In what way? I don’t see why if VR/AR worlds become a thing anyone would Facebooks version when they can probably get Google or Apples

msnf

FB used to be my biggest position, but I've since trimmed down from 20% to 5% (GOOGL is my bae). I could be wrong but I don't think the future is VR, metaverse, immersion etc. Instead, I think FB would've been better off moving in an AR direction - real-world meetups, dating, marketplaces, sponsored concerts, events etc. Unfortunately, I think they burned too much goodwill for people to trust them enough for that to work. That mistrust may also cost them any 3rd party support on the metaverse. The value I see in FB is whatever revenue they can milk out of Instagram. I'd worry about their CapEx if they're really serious about this metaverse push.

stocky_stockinder

I think it's a little desperate when your presentations show things that probably won't be developed even in the coming 10 years (i work in FAANG). And not even that, rather than showing AR/VR as a component, completely pivoting around that area so aggressively when you don't even have things in prototype stage seems quite foolish to me. They show Rayban sunglasses with 5mp camera (lol) that Google built and rejected 10 years ago. It is my opinion that nothing noteworthy will change in the products Meta launches in 5 years, so it all seems quite premature.

oarabbus

> Oculus requires a FB account, so now they have more data on you. I’m interested to see his future vision using portal and AR. Zuckerberg said in the keynote speech they are moving towards removing this requirement. And that the metaverse will be designed not to require fb login because so many people complained about it for oculus. Whether that's true or not idk but that's what's stated in the keynote

trustless_protocol

They know what the future is and want to pretend it was their idea so they can be best positioned for it, imo. The hacker community has been working on the metaverse for decades. They're the ones who got VR working. They're the ones who got blockchain off the ground. Maybe FB leadership is incapable of their own ideas? Anyway, MMAT has the tech to make AR a much more practical reality now and my understanding is that FB is looking very seriously at (how to profit from) the tech. Oculus has had social titles where you can mingle, watch movies, or have meetings for quite awhile now - I'm sure that these things aren't the full endgame. I do think there is a lot of potential in improving the remote-meeting experience (even if you'll never be able to satisfy the bosses who need people in the office building just to inflate their ego). While there are use cases for VR meetings I think that AR would be a lot more appealing to most. AR also has many more use cases like facilitating warehouse jobs. Meanwhile VR still has a lack of development in the area of business software, even if hardware is becoming a crowded market. With this decision, I have to assume one of two things: 1. FB sees this tech as being as big of a market as ads, or 2. FB sees an incoming decline in revenue from their traditional streams.

manofthewild07

You're thinking about this from just one dimension. There is way more to VR/AR than just playing games. Everything from BIM to online shopping to education can be reimagined.

PepperBoye

i think a more realistic expectation would be more AR instead of VR. once the ray ban stories become more than just glorified snap glasses

Hedgeandstock

Snapchat and Google have already released AR glasses VR has also existed for years

CentristIdiot

Doesn’t this give them another potential revenue stream from selling to consumers, businesses, colleges, etc.? I still think AR will be adopted more than VR, once they reduce the friction to use the headset. If it becomes as easy as putting in contacts or wearing glasses, I’d love to use it instead of hold my phone all day

mikeeha83

VR/AR will take awhile to develop to complete the meta verse vision. I’d argue 20yrs. Just look at the technology that exists today and how you get it to a consumer price point. All this makes sense for the FB business. Oculus requires a FB account, so now they have more data on you. I’m interested to see his future vision using portal and AR. All things considered, I don’t see this line of business generating revenue any time soon, if and when it’s successful.

Howard-Excaliber

Back in the 1980s the hottest computer game publisher was Infocom. They published the legendary Zork games among others. They dominated the industry occupying 3-5 slots of any top ten game list. They decided to plow a lot of money in to developing a database product called Cornerstone. Cornerstone was supposed to change the business software sector by redefining what database software could and couldn't do. Cornerstone ended up sinking the entire company. Moral of the story; stay in your lane and stick to your core competencies. Be the best at what you do and make continual improvements to proven profit generators. I see Meta as a bright shiny object distracting the public from sticking to the scrutiny Facebook deserves for all perceived and actual misdeeds. Will Meta work out? Maybe. I'm not risking a dollar of my money to find out. A better company to invest in- when it comes to a metaverse play - is Hypnos Virtual. They're crowdfunding on WeFunder. They actually developed next generation AR technology and is raising capital to roll it out.

Excuse_my_GRAMMER

When we buy an item ingame like a skin legally we don’t own it , legally we don’t own the digital copy of games we buy , we are buying access to play it but we don’t own it like we do physical Your looking at NFT the wrong way , look at it as proof of ownership of the digital good . Don’t look at it as a gif or video And like I said for a true metaverse that they are Invisalign it will have to work like the internet works and digital ownership will have to work like physical ownership Meta is creating VR horizon world , epic is creating their own base off fortnite & apple is focusing on AR They are all going to be product inside the metaverse and work together that why it the next step of the internet

BLMdidHarambe

I think the idea incorporates what you said already exists, and puts it all together in a way. Yeah they’ve been weddings but in the future they could be held virtually in a metaverse, be legal and generate legal documents. You could buy things and sell things like game hats and have it be directly linked to your bank. You could “pop in” to the bank to deal with something instead of going in person or calling/accessing a website. If AR gets good enough this kind of interaction could be generated in your home, with the bank avatar sitting on your couch across from you, you talking and it doing the digital work and answering questions. You could sell an NFT and ten seconds later use some of that money to order a pizza, fluidly. It all has the potential to change how people live, fundamentally. The question is do you think that Zuck and Facebook will be the winner of the Metaverse race.

ComradeKatyusha_

It's not the bloody future for christ's sake. Anyone that doesn't live alone and only talk to other people who also live alone can see that. As a society we do not live lifestyles that suit locking ourselves inside a large VR headset you have to mess about with to put on and take off and settle into. Households are not individuals that live solitary lifestyles that can be reduced to cubicles of people in headsets. Households are oftentimes families, with parents, children and sometimes elderly all living together, and pets too! These environments are not suitable to shutting yourself off from everything else in the household for any significant lengths of time. AR is the future that suits our lifestyles and the way our society is currently organised. VR will be an entertainment product for brief sittings. If you want VR to work you need to upend the family, the household, and reduce people to cubicled individuals. It's just not fucking happening and only people out of touch with how humans actually live would believe it.

fnordfnordy

AR allows them to capture more behavioral data -> better targeted ads and modified behavior. Highly recommend “The Age of Surveillance Capitalism” by Zuboff.

wolfiasty

Regarding lies ? Don't know about that. BO is always an option, especially now but you knew that already. LiDAR unit is there, AR/VR tech is there and proven. Both are techs that will show up pretty soon en masse on the streets. Some pretty savvy figures joined BoD in recent months, office in Germany, hiring and so on. Would MVIS be a winner of this ? Well that's the gamble. I really don't want to change your opinion, it's not my thing. There's dedicated sub. All the info is there. Not saying you are or will be wrong but for now it's not that obvious where it will end.

OggygonChill

also look back and see how often things succeed on first try. very often takes quite a few rounds of proper implementation to public. you are right though, i am quite sure in 10 years kids will inherit the use of AR/VR just as previous did with iPads and iPhones, and the previous did using a computer.

OddAtmosphere6303

You’re asking the wrong crowd. Redditors hate facebook, it’s why they’re here and not there. The avg person is addicted to facebook, and I see no signs of them even being willing to break that addiction. Facebook will be here for years to come, and is growing rapidly in developing countries. This is an expansion of their business model, and can only help them in the long run. We might think now that VR isn’t really useful, and will never replace the things we have today, but we said the same thing with computers and again with mobile phones. Apple and Google are also on the same path. If all three of these companies agree it’s worth their time and money to invest in VR/AR, then I’m sold.

TheBiggestDookie

Until they can make VR/AR as easy to use as putting on a normal pair of glasses, it’s not happening. Have you tried using a VR headset lately? Even the better and more comfortable ones are a fucking pain in the ass, and I say that as a VR enthusiast who owns two separate headsets. Wearing one of these things for work all day sounds like a special kind of hell.

BreezyWrigley

Lot of people in this thread who have never experienced food VR. The first time I ever put on a relatively recent iteration of the Rift, I knew immediately that this was going to be the eventual inevitable conclusion- nearly seamless integration of VR and AR with daily activities

siccoblue

God, can you imagine someone who's never used vr being asked to put it on for ten hours a day? I consider my self like.. top level insanely consumer techie, but even I get serious fatigue after an hour in a headset Maybe a pair of glasses with AR like they kinda imply early on, ok, probably manageable, but full on VR for 8-12 hours a day? Jesus fuck no, I would probably be puking and dizzy as fuck by 4

BavarianPesant

How about an AR in 300winmag

thatmanfromthesouth

If you hunt with a AR you a pussy, .30-06 a beauty

therealjoshh

I like trading AR

bigboiyeetbooty

On the surface this seems to be another "metaverse" attemp, but the way I see it is they have found a way to reinvest into a physical product. The whole metaverse is just a platform but the main thing is the incoming rapid iteration of VR/AR product. Like Zucc said in the presentation they are going to subsidies these product from a more expensive model or other business. to make metaverse accessible to a broader base it needs to be cheap and easy to use, it can only happen when its vertically integrated. This is not going to effect their underlying business and in fact they can leveraged their platform to get a higher market penetration. IF they are successful at making an affordable and easy to use AR/VR product, they can easily disrupt lives like he did with social media back then. most importantly, physical products with a potential monopoly in the market is going to be crazy. There is no competition that is primed to make it happen.

PalaMayne

I’m bullish too, I sensed a shit ton of synergy and AR will be ubiquitous in future business applications. I had no idea they owned oculus. Not to mention those raybans are only gonna get better and better

unDturd

While waiting for the PROG squeeze, I'm looking for a smaller side play for amusement. I bought 1500 shares of $IMMR at $8.05. It already ran up yesterday but seems to be undervalued as a leader in haptic tech (PS5 controllers) and AR with over $100 million in cash (over $3.50 a share in net cash)

RagingCalmness

A phone is indispensable today. For VR or AR glasses to be that it needs to replace phone entirely.

j86abstract

I'm short based on the metaverse. So much investment in tech that no one wants. VR/AR are flashy but not sticky.

enfoxer

They are going all in on VR gaming and AR.Its ok strategy but underlying execution is the key. The presentation could have been much better.

catInOrbit001

Yeah but AR tech I can understand, they aid work and everyday life, they can be a part of our daily life, this is us voluntary jumping into VR world with possibly google on our head for who knows what reason. It's depressing, it feels isolated

redratus

I think the meta is one of the next big things—but where I’m worried is the competition. MSFT is also building a metaverse. Theirs is more oriented towards workplaces, but still…FB is far from the only player in this game. I’m sure gaming and crypto and AR related companies are in this already too. FB would still be the main metaverse for personal friendships where you use your real ID etc, but the presence of (prolly) so many other players gives me pause—this isn’t a sure win.

Runner20mph

Me too. This was a risky play but I do feel short squeeze play will come. The earnings was a disaster..they literally have nothing but words to show since April. Could have dressed it up better Suprised they did not talk about AR and the Microsoft Hololens they were part of

Afl4c

This is the just start of the AR-driven future. FB might be shitty in practice but this tech has so much potential.

exe_virus

Ha, depends on what you call social media. We always seek out to communicate, doesn't mean we seek out infinite scrolling apps, which is basically what all "social media" is now. This metaverse, if it becomes reality probably won't be as addictive in the same ways and probably more healthy in terms of physical movement and interactions with people in real time. That said, FB is dreaming if they think we have the bandwidth to support that any time soon. We constantly max out bandwidth and latency really is a concern in these environments. I think physics and human nature and high cost points may limit meta more than anything else. VR and AR are still in the mainframe era, we're not even to the PC era (everyone has a VR or AR device at home), let alone the smart phone era, (that device is comfortable and you can carry it everywhere and use it any and all the time) So Facebook isn't worth the investment because they're overvalued for how long it'll take them to get us to what they are selling: the smartphone era of computing.

cristiano-potato

Yeah I’d be surprised personally if Facebook manages to beat the competition when it comes to AR and VR but I also thought Facebook would die many years ago so I’m not gonna bet against them

milneraj

There are a lot of problems with the "Facebook" brand. However, the renaming of the parent company from Facebook Inc to Meta does make sense - along the same lines of Google changing the parent company to Alphabet Inc. Meta (as they're now known) has been doing a lot of work in the AR/VR space, with the consumer-facing Oculus doing very well as a VR product. Such work should be distanced from Facebook the social media platform. At this point, FB as the social media platform is too large, with nothing much taking it down short of a federal court order

UpperSpinach

Welcome to the MetaZuck™ Minion Memes, now in 3D Advertising built-in to FarmVille, you won't even know it's there AR MetaMarket where you can buy 1998 F-150 from some boomer \*Now with 25% less foreign manipulation

Jordykins850

Xerox is prob the most undervalued AR play if you’re looking for one..

FirePhillips

This is a BUY. Facebook (Meta) has some of the best engineers and computer vision researchers in the world, and they are a major player in the ads market. They are now combining these to build the web’s next frontier. This will create many new markets and augment existing ones such as the VR/AR ads, virtual entertainment (gaming, virtual sporting events/concerts), educational, and social spaces to name a few. Believe it or not, people will actually spend money to decorate their avatars. For evidence, just look at the 100 billion or so dollars gamers spent in 2020. Think of the contact lenses in Black Mirror or the AR in Altered Carbon. Sounds kind of scary and exciting all at the same time, but we are generally heading in that direction. Small enough to be contact lenses is definitely an exaggeration though with current tech. The big thing to find out is whether we will be able to get devices small enough to make them truly wearable like AirPods.

thegooddoctorben

Yeah, I think OP's intuition is right, even if they're wrong about the "Meta" name being an intentional distraction. Meta/FB is heavily investing in something for which there is very limited demand and limited use cases. People do not want to use immersive tech constantly (the comparison to 3d TVs is very apt) and they do not want to nurse a consistent set of persistent digital avatars and resources that has little practical benefit. People create and abandon online accounts constantly - indeed, there's a whole set of benefits people see in doing so! People want anonymity so they can talk about secrets and be mean or dirty online; they want their youthful indiscretions forgotten. There's a whole set of law emerging about the right to be forgotten online. This whole effort by FB/Meta reeks of a completely clueless and out-of-touch founder who thinks everyone loves videogames and racking up trophies. Yes, there will be more and better VR/AR applications over time, and maybe even a "metaverse," but that won't be created top-down by one company--it will come out of the hundreds and thousands of smaller companies that can do far more innovative experimentation than even FB with its enormous resources.

FlameoHotman-_-

I've been learning more about the metaverse recently, especially about what FB is trying to do, and I keep seeing oppositions to it. Most people either think it's such a leap that it's never going to catch on or they think there's no way that people will give away so much of their data and privacy to FB. And first of all, I don't get why it's so hard to imagine VR/AR adopting a more mainstream use outside of video games. A lot of people today are glued to some kind of screen pretty much all day anyway. And about privacy, well FB, Microsoft, Google and Apple already knows everything about everyone. I keep thinking about the XBox 1 when that was released. People were angry that it would always be on and listening for your voice commands. How dare a big tech company spy your home!? But now many would gladly put an Alexa or Google Home in their living room. I think if we've learnt anything, it's that once a technology becomes too convenient to use, we're willing to overlook everything else. I'm not saying the metaverse is good or bad for society. Just that it'll probably happen.

bubumamajuju

Facebook didn’t change its name though. Meta is just a holding company like Alphabet is for Google. FB was already a boomer network in the US - them focusing on attracting younger people in new social areas like AR/VR I think will be good for them long term.

ReevisIsland

Came here to say this. If OP is selling, I'm on the other side of this trade. I'm buying. 1. The financials are too good to ignore. Give me the Social Media monopoly power please for all the ad-dollars / targetting. Unfortunately, Social Media right now is probably the most efficient marketing spend for businesses to find new customers (Search is also efficient). And furthermore, regulators are unlikely to be wise enough to break it up, nor are they incentivized to do so when it provides a strong platform to engage with voters. If regulation comes, it will only create a wider moat for existing platforms to fend off newcomers. 2. On a personal note, I'm not a FB user (in fact, I despise social media), but I have an Oculus Quest 2 and its easily the most fun I've had in a long time. It might not directly be the future of the company, but I'll back a leading horse in AR/VR to continue grow in its role in the lives of consumers, particularly wealthy ones. Even if FB loses to a rival AR/VR platform, they'll probably just buy them -- or try to if regulators allow it.

whammyyy

VR/AR will replace phones in 10 years tops

onlyonebread

I think that user used bad examples that don't convey the situation properly. If back decades ago when the internet was first becoming a real thing, do you honestly think that if the individuals involved in actually building it and engineering it decided to say fuck it, and stopped working on it then there would be nothing resembling the internet today? I think the internet, just as a general concept, was always an inevitability. I see the "metaverse" the same way. No one knows what it will look like or how it will be used, but I think the "next internet" with ubiquity of VR and AR is inevitable. So investing in companies poised to really try and own whatever that ends up being is a logical investment. Computing is always moving forward, and these companies are trying to take their stake is whatever future that ends up making.

Neighbor_

I dislike Facebook as much as the next guy, however I must say I think this was the best shift they could have possibly done. We see this super-speculative-but-obviously-the-future play all the time nowadays, either from other big companies like Tesla or from no-name startups. However, the difference here is the Facebook actually has the talent to pull it off. They are 1 of the 4 companies with the best software engineers in the world, and a ton of capital to invest in a project like this. In their keynote they were pretty open about the tech challenges ahead and how their solving them, and the honesty here is a good thing. **TL:DR** Small startup promising a VR/AR revolution? They're stealing your money. Tech giant promising a VR/AR revolution? It might actually pay off.

bonejohnson8

Think about it, the investment is to be first in the field. Do you have an Oculus? The new AR goggles are gonna have commercial uses. I see good press incoming.

yesididthat

FB has been horrible for years and thats been no secret They've repeatedly placed themselves under (well deserved) public scrutiny for repeatedly making bad decisions (used to be about privacy, now its about exploiting human psychology) in the name of profits So no, i don't think this is a diversion tactic I do think you should sell though. The metaverse is nothing but an idea and could become a fad a la 3D/AR. Regardless, diverting your focus away from your bread winner isn't just bold its dumb

DarthBuzzard

The scale of what Zuck describes and what you describe are two very different things. A full-blown metaverse could mean running much of society in it. Not just gold farmers or a few jobs here and there. > Concerts held in VR have been a thing for years. Of course. They're brilliant. This makes it more seamless, more connected. Perhaps a friend is at a concert in the real world, puts AR glasses on, and their friend joins them virtually in VR from their home. > Very, very few designers have any idea of what types of games are well suited for VR. Until reading our brains becomes a reality I doubt there will be many outside of beatsaber. I find it bizzare to see you say this considering how many great game ideas there are in VR now, and I say this as a VR game developer that really gets the design language, at least of what's been explored so far. That aside, VR is not just about game design. It's for games, work, education, socialization, and many other things.

Brendan1620

Everyone wants to rush to a “but I don’t use it so it’s dying” conclusion here. Facebook isn’t rebranding for you, they are rebranding for the next generation of people that will be even more tech savvy, and will want to work with what they are wanting to make. Facebook isn’t just a dumpster of boomer posts, it’s a messaging platform, photo sharing, VR/AR, buying and selling, etc.

Dave_Tribbiani

How long is Apple going to keep selling so many iPhones? Eventually they will hit a wall because there will be other products taking the #1 spot as personal devices like AR glasses and what not. If someone comes up with something truly innovative, Apple stock would collapse because it's only a 2T company thanks to iPhones - everything else they make wouldn't even make it a 1T company.

chubbythrowaccount

The above commenter is correct. It's pretty ignorant to call FB's AR/VR strategy "one product". They have Oculus hardware, sure. That's a product. But the software that falls out from the hardware is far more important. And there is a lot of it. There will be thousands of apps, games, authoring tools, avatar creators, social spaces, experience venues, theme parks, conference venues, communication tools, public and private platforms -- all of it wired with a fully functioning digital economy. It will need to avoid recreating the social network missteps of the past. There will be new solutions for moderation, censorship, tax reporting, advertising bias, data gathering, preventing online radicalization, to name just a few problems. This description only scratches the surface. It's a big vision that will take decades to achieve, and if you think Facebook is the only major software placing a big bet here, you'd be wrong.

goodtp

personally i think it's a pretty weird idea to tie the concept of the metaverse to the company itself by basically renaming themselves after it it's supposed to be an attempt to distance from the facebook brand but now i wont ever be able to hear the metaverse or VR/AR type shit without linking it to the facebook company, and that will make me highly skeptical of it until the day i die.

homemaker1

I friggin love Oculus. It's just missing a killer game/app from a very creative developer. And possibly AR hybridity.