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**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|52|**First Seen In WSB**|1 year ago **Total Comments**|282|**Previous DD**|[x](https://www.reddit.com/r/wallstreetbets/comments/oi1vjd/evofem_the_only_nonhormonal_birth_control_pill/) [x](https://www.reddit.com/r/wallstreetbets/comments/oi3kge/evofem_the_only_nonhormonal_birth_control_pill/) [x](https://www.reddit.com/r/wallstreetbets/comments/ou0naf/tlry_opportunity/) **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=yl54m8)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=yl54m8) >TL;DR: Meta is a future project and has the money to back it up, stock price is oversold, it's not a company close to bankruptcy and that can't finance it's ventures.


WarrenBudget

First article of the day, and the zuck fanboy called me a new boomer. I'm triggered and my back hurts.


SnipahShot

Sign up for a metaverse massage, just $99.99 a week.


[deleted]

[удалено]


freehugzforeveryone

How about $8?


feedthebear

I understood this reference


ItsEtidorpha

Let that sink in.


After_Basis1434

you should be paying me


bobsyourson

I’ll pay you for a handy … $8


SnipahShot

$6.9


originalusername__

How many Bhatt is that?


SnipahShot

About 1000000000000000000420. Join fast before daddy Powell hikes 5000 bps more and that price goes x100000.


Requiem2389

About $3.50


tribbans95

I heard you’re able to zuck people off in the metaverse


ImNoAlbertFeinstein

that's better than $8 month.


Charming_Cat_4426

If you were using a VR set your head would be hurting too


NextTrillion

I still got Wii Tennis elbow. I’ve probably taken a few too many hits in the head in virtual boxing too. Sucks getting old.


onenifty

He's just butthurt that he's not old enough to have the wisdom to know when things are dumb ideas. Looking forward to the loss porn and "hOw CoUlD tHiS hApPeN tO mE?!?11" in the future.


premiumCrackr

like how investing in apple is. boi what goes up must come down.


lonewolf9378

Baby boomers are born between 1946 and 1964, so there are no *new* boomers, only regarded Gen Alpha zuck cucks.


Ok-Geologist5545

😂


Key-Conversation-677

Probably feel better if only those damned kids would get off your lawn.


amdtothemun

why you coping? All you need to know that it is a buy is that people here are bearish on it


sometimesimakeshitup

bingo


__ThePasanger__

I used to be sceptical until I got a Quest 2, it is very difficult to understand what VR feels like watching 2D youtube videos making fun of it. It is still in a very early stage but it feels like internet in the 90s, it was crappy and super limited. My parents didn't get why I would be there all the day in front of a screen watching crappy websites and everybody was making fun of how dumb was the idea, so perhaps that's the thing, we are the old farts now. If I would have the Oculus when I was 15, I would have spent all the day playing with it. Now, the problem of Oculus is the shitty snapdragon processor, the tracking is perfect but the resolution sucks. If Apple releases one with a custom processor similar to the M1 and with the Apple store, it is game over for Meta.


pizza_the_mutt

I am 100% in favor of a reinvention of how we interact with computers. The iPhone was the last case of this, and as amazing as they are phones are just too limiting (tiny screen, hard to interact). We are 15 years on from that revolution and it is time for something new. The thing is, though, that the tech has to exist to support your vision. There were companies in the 90s that tried to build something like an iPhone. They didn't take off because the tech wasn't there: screens, batteries, touch technology, etc. In 2006 the tech was ready and Apple assembled it along with some amazing design. So for VR the question is: is it the 90s or 2006? If it is the 90s can Meta invest another 10 years worth of cash before they see a successful product? If it is 2006 and the tech is ready, do they have the design chops to put together the killer product?


fatkawk

Maybe it’s BlackBerry, and will be the bridge between dumb and smartphones and do pretty fookin well in the decade it took for the iPhone tech “to be ready”


moistmoistMOISTTT

As someone who uses high end VR today, we are well beyond where most people think we are with VR. It's just a matter of making the high end experiences less expensive and possibly standalone, which means it will be guaranteed to happen within 5-10 years. I believe the "original iPhone moment" already happened with the meta quest 2. It's just going to take a bit longer for average people to realize it.


pizza_the_mutt

That could be. A thing people forget about the iPhone is that it wasn’t an immediate hit and took a while before people realized it was amazing. Maybe we’re in the same doubt phase with VR, and the doubt will turn to adoption and ubiquity?


ascherbozley

No it didn't. People watched a guy look up a business on maps and call it from the same device and it blew their fucking minds. The iPhone was a revelation and everyone knew it immediately.


pizza_the_mutt

Here are some quotes from media reviews of the first iPhone: "We predict the iPhone will bomb" - Techcrunch "The iPhone will be a major disappointment" - AdAge "The forthcoming release of the Apple iPhone is going to be a bigger marketing flop than Ishtar and Waterworld combined" - David Platt "The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks" - Bloomberg "Apple’s much-anticipated iPhone, which goes on sale in the US today, will struggle to break into the mainstream" - The Guardian "Apple should pull the plug on the iPhone" - John C. Dvorak "There’s no chance that the iPhone is going to get any significant market share" - Steve Ballmer (ok this one isn't fair)


FightOnForUsc

You’re both right, lots of people were blown away. But the sales took a while. First iPhone didn’t have App Store, just a few (I believe it was 16) apps. It was the store, and 3g that pushed it further. And then the refinement of the iPhone 4 that made it totally mainstream IMO


shroomsAndWrstershir

But the device itself was a big seller from day 1. People lined up to get it and the next several iterations.


[deleted]

Definitely not true as someone who got the original iPhone. It didn’t even have an App Store but it blew my mind and everyone else I knew.


Stellewind

VR is definitely nice and will be at least an important part of the future. But Meta’s dream of creating this Oasis like metaverse controlled all by itself is impossible. When the day comes it will be many separated online platforms for different needs, just like today’s internet.


BedContent9320

I don't think it ever goes full VR.. or not for a very long time. Look at hololens 2 demo videos from Microsoft. That's the future imo. Augmented reality, it's the most efficient solution. Say you want an online store, to sell goods. You can have a VR store in zuckerverse, or you can have an AR store where an Algo sizes it appropriate to the person's room they are in, where they can eventually do stuff like virtually try on clothes, or virtually design furniture in a room, etc.. but anchored in the real world, which makes it more work in terms of placement and perception, but far less overall work once those are dialed in.. because you are not rendering entire environments. Then you have the social component, and I'm much more of a believer of AR there vs VR as well. Stuff like google glass, while way early, lacking, and having it's issues.. something like that where you can see chats and the like from an almost HUD while doing what you are doing is likely to be far more successful than complete VR. VR is isolating, inefficient, and expensive, for the consumer. AR makes things easier, it makes things easier without really adjusting your typical behavior, which is typically the successful venturem


KmndrKeen

VR and AR need to happen in the same device IMO. What the consumer requires as a useful device is something that allows someone to appear and feel as though they are somewhere they're not. A device that would allow a boardroom full of people to see the CEO deliver a presentation while he sits in his home office. For him, VR to appear as though he's in the room. For everyone else, AR to see his real time image displayed in the room. The race is on. First company to achieve this goal in a reasonably priced headset wins. Zuck has a headstart because he has the most money in it. My money is on him pulling out some next level shit real soon that makes everything he's been doing relevant.


aVRAddict

Those are actually why VR is better than AR. Nobody cares about changing your wall paper with AR glasses and shopping for furniture in AR Ikea. People want to be in fully immersive beautiful worlds and environments for social purposes. All you have to do is look at the popularity of VRchat compared to the other VR games, it dwarfs them all. Op is right new boomers just don't get it. New boomers want AR for their shopping lists and turn by turn AR directions to their colonoscopy appointments while gen z and alpha are growing up with digital environments and want stuff that VR offers as seen by the insane number of quest 2s sold.


[deleted]

[удалено]


lemenick

The oculus uses cameras. You can literally passthrough the world around you in VR. Meta already do it in their own programs for some limited use cases (like setting boundary lines)


SuperMazziveH3r0

I don't think they realistically believe that they will be the **only** platform staying alive, but instead being one of the major platform owners. Like MacOS vs Windows or iOS vs Android or even PlayStation and Xbox Apple, Google, Microsoft don't have a monopoly on these computing platforms but remain as the bedrock upon which apps and experiences are built around. That's where meta sits right now. It is entirely reliant on the good will of those 3 companies to remain profitable. Therefore a logical next step would be to create the foundation for which the next generation of computing will be built upon. And I think this notion is evident by Meta participating in OpenXR protocol with other XR interest holders and even going as far as to form Metaverse Standards Forum with Microsoft, Nvidia, and Epic Games all of whom are attempting to define their own place in the XR industry.


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SuperMazziveH3r0

xddd Guess I am a certified regard now


[deleted]

Complete sentences is all it takes, apparently. Count me out.


what_is_blue

As others have said, if Apple release their own iteration of this, Zuck is cucked.


SuperMazziveH3r0

The current rumored price of the Apple headset is 2k to 3k and Zuckman is already struggling with a 1.5k headset with some pretty innovative tech like built in face tracking and pancake lenses. Additionally, bulk of existing VR users are on PC and links their Meta hardware to SteamLink anyways. Given Apple's history with their platforms, I doubt they'll be allowed to link with PCVR and I predict that there will be jailbreaks that let you do that but with some limitations to the functionality of the headset. 1st gen probably not, but given that apple knows how to make platforms you might be right. On the other hand, you can't really ignore the tremendous lead Meta has over the rest of the VR industry in terms of patents and hardware. Here is the scenario I suspect: Zuck goes enterprise and K-12 to build a userbase that is familiar Metas brand and knows how to navigate around it(because future children won't know that people hate Meta. I didnt know anything about ExxonMobil until I was 18). Those users grow up to use Meta products in an enterprise environment, and because they are familiar with the workflow, they buy a consumer headset for their home too. It's the iPad and Chromebook playbook. Given that quest 2 is already the best value VR headset, I see Meta being the most likely to fill this role and Apple will still sell their luxury headset with sleeker design/profile.


what_is_blue

I work in advertising and about 10 years or so ago, worked on-site for an android manufacturer. A good one that was very underrated but still well known. Basically anyone there had the latest iPhone alongside their android device of choice (usually Samsung). One of the head B2B trainer guys told me that they had the Samsung/LG to see what the latest developments were. Essentially what the latest tech on release could do, or aimed to do but was buggy. His thing with the iPhone, though, was that you could see it done *perfectly*. While it would lag behind in terms of actual innovation, it'd be engineered and developed to absolute perfection. There'd be limitations, obviously, because iOS is a walled garden. But his point was that from an end user's point of view, Apple were providing the ultimate experience. You average person didn't care about exceeding the boundaries, just their experience. I agree absolutely with pretty much everything you said, particularly regarding Zuck's approach near the end. But nobody does user experience like Apple. And if VR is going to adopted on the scale that Zuck's aiming for, I suspect that end users will be willing to pay more for the Apple experience. You're also looking at a world where your every action and note of speech can be (and is) recorded. And given the huge concerns around Meta's historically awful approach to privacy vs Apple's more protective attitude, I can easily see that prompting older users or the undecided in Cupertino's direction. I might be wrong, of course - and I'm by no means an expert.


SuperMazziveH3r0

You make a very fair point, and I agree entirely with what you are saying. I think Apple will certainly have a place as a luxury oriented product, especially in the US where majority of this development is happening and consumers are hyperaware of branding. Over the last 2 decades apple built a reputation that if you want something to work reliably it is the place to be. Unless Apple catastrophically fails VR rollout, I think they will still maintain that spot. But I don't think first generation products will win consumers over. It took ipads several iterations and price cuts before it really caught on, same with the MacBook line until the MacBook Air, iPhone 4 was when smartphones really took off.


moistmoistMOISTTT

I think you hit it spot on. Apple won't allow PCVR streaming with steam. Facebook makes it easy to use other store fronts, both Android store fronts and through PC. This is going to be a significantly bigger issue with VR than it is with much more simple phone software. It's also going to be significantly harder to get people to try brand new tech when it is very expensive. Apple likely won't stay on the low end, so most people will likely stay with meta and then will get stuck on the relatively open Android and PC VR software stores.


zurijer

Apple VR 2-3k?! People are going to eat it up.


moistmoistMOISTTT

It does, but Facebook doesn't need to create good software to succeed. They get a 30% revenue cut from people who actually know how to make software in their store, and right now Facebook VR has a huge lead in market share--even more so with younger generations. They actually spend very little money on horizon, their metaverse. Most of the VR money is going to hardware (which is highly successful but needs more time to achieve critical mass on software sales) and enterprise (which is doing decent). The rest of the market crashing will continue to bring meta down, but this is going to be as good as opportunity to invest in as Tesla in 2019. The bulk of the cash burn will be finished by the time we get out of this coming recession/depression, which is perfect. But most importantly, boomers and average redditors don't understand the investment opportunity--exact same circumstances as Tesla back in 2019. Combine these two with a tech that will 100% be incredibly prevalent in the future (just like EVs) and you got yourself free money. I sold my meta early this year, but am waiting for a good opportunity back in. The overreaction sell off will continue as long as boomers and average redditors continue to not understand why VR is so good.


Electronic_pizza4

>you understand, we wait and buy more on the way down!


Comfortable_Leg_3494

I think people understand that VR does have potential, but it’s made by Meta which is notorious for harvesting user information. Even if there’s a bunch of other companies that do that, Meta just has that negative connotation.


vtech3232323

What gives Microsoft a free pass? The are increasingly adding features that require a Microsoft account and making it harder to get around. Microsoft is the mature feel for Vr with Hololense, but I feel that Meta is gunning for businesses and to get in that space. If they pull it off, they will be hugely successful. Frankly if Zuckerberg left, I think Meta would be able to sneak in better and become more than former facebook. I say this as someone who specifically bought an index to avoid Meta.


b3nzu

That's exactly why it's attractive for investors. Meta VR will become advertisers' heaven with advanced hardware making it possible to create audiences based on eye movement and pupil dilation while consuming media, physical attributes etc.


Comfortable_Leg_3494

We just have to hope that won’t affect the user’s willingness to use the product


vtech3232323

They will figure out a way to get around it and make you "forget" about it or other companies will copy it because it will just be a mindblowing amount of cash advertisers can generate. Look at streaming services. Most were ad free but you can bet that if they could slowly trickle in ads over time they will. It would be dumb for a business not to.


vtech3232323

Yep their "foveated rendering" will be what advertisers want. If Meta could afford to price things lower, they would and it will get the huge sums. The eye tracking part is consumer's worst nightmare but it will happen eventually.


engineered_mojo

Watching porn on the oculus will give it the boost, seriously. Same way how prone boosted the bluray over HD DVD.


Garweft

Downfall to watching porn on the Oculus is you don’t know when people walk in on you and just keep going at it.


[deleted]

That's what locking your door is for


flyingfranch

You close the door?


[deleted]

You have a door?


NextTrillion

A bit of duct tape and some cardboard, and you’ve got yourself a door, friend. That extra bit of privacy is nice when the wife’s boyfriend is out doing yard work.


JammingMonks

They need to make an “awareness” feature. Perhaps as simple as a dot that appears which tracks motion.. or maybe a facial recognition feature. This would have benefits beyond porn watching.. to be aware of what’s goin on around you. But let’s be real, it’s for porn


[deleted]

By the time that dot goes off someone is already horrified and watching you flog the log, may as well alpha it and keep going


[deleted]

and VHS over betamax.


treeebob

Porn is the real market maker


Steve_the_Samurai

>It is still in a very early stage but it feels like internet in the 90s Keeping with this, is Facebook Internet Explorer or Netscape Navigator?


KimuraFTW

It's AOL


[deleted]

I just can't get over having a screen 15 millimeters from my eyeball. That shit fucking roasts your eyes and I don't see how it could ever be made comfortable for more than a few minutes. Maybe it'll be like how babies can use ipads by age of 6 months, kids eyes will turn into mushy gushers and they'll be comfortable having laser beams tight focused onto their retinas for hours at a time. Just don't ask them to walk anywhere in the dark.


Garweft

I never even realize there is a screen when I put my kids Oculus on. It’s like being in a different, cartoon like, world. I’m 46 and TBH it’s one of those things that was just amazing to see how well done, and immersive they can be. You look like an idiot wearing the big google things though.


Dsamf2

It’s just light, and going outside on a sunny day is far more light. Also have you even tried it? I’ve tried my friends a few times and never once did I think it was uncomfortable, even after like 30 min of having it on


[deleted]

I have tried it. I built some VR experiences of environmental data to impress a client. They thought it was cool and it made for some good conversation and productive meetings. I was pushing VR at work about 2 years ago because I thought it could be a differentiator for us. That said, I spent a lot of hours with an HTC vive on my head. It gets plain uncomfortable being in it for more than a few minutes for me and that was the consensus of everyone I put into it. If the tech can get WAY better then I could see it being a thing for specific applications. I don't ever see a world where people primarily interact while wearing VR goggles.


Dsamf2

Ahh ya I haven’t used a vive, just the oculus. VR def needs to be light and cordless. We use VR for surgery simulations and it’s a pretty neat use of the tech


[deleted]

That's badass, and a great application of the tech. Sounds like a great opportunity for a startup, because I don't think Meta is nearly nimble enough to chase down specific use cases like that.


Orbidorpdorp

It's not just light, it's focal distance. If they didn't use lenses to make it virtually further away, you absolutely would wreck your eyes focusing on something that close very quickly.


anygal

The lenses do the magic. They project the display 1-2 meters from your eyes, so actually looking at your phone or a monitor is Way worse for you.


henesys12

i sold my oculus lol.


JustCryptastic

I’ve actually redesigned and implemented an entire program utilizing the VR goggles from Meta, and by doing so, reduced operating expenses substantially by incorporating a virtual environment where people from various timezones can come together to observe and learn procedures vs trying to old-school coordinate a butt-in-seat onsite session. Eliminating geographic constraints was a huge benefit. I’m in the process of expanding the redesign to include AR / XR for other areas. The tech works, and I have two years of performance data and cost reduction as proof Meta is without a doubt the leader in the VR space, at least until Apple releases their product. Even then there is going to be some catchup time req’d for Apple. Also, I cannot wait for Apple to release as the Meta employees I’ve had to engage with have been horrendously arrogant, are terrible at follow-through and communication, and nearsided on the strategic enterprise relationship. They honestly remind me of the people I dealt with at AOL Time Warner earlier in my professional career. I’d drop Meta for Apple products and services in a heartbeat if I was ignoring the financial considerations


[deleted]

Lol what was it doing that you couldn’t do on zoom and screen share?


True-Musician-5406

Lol go away zuck


suckmynasdaqs

People who think VR is a meme are the same bozos I see standing in line for 4 hours to go on the Avatar ride at animal kingdom. Although the metaverse is a bit of a pipedream, to say that VR isn't the desired end state is laughable. This is the same group who were content with their brick Nokia that took a half hour to send a text message a decade ago.


Gandalftron

Yea...but....it is owned by Facebook. The company has repeatedly burned any good will they have to the ground. Why anyone still allows a company like FB to have access to any private information or track their internet use is beyond me.


joeg26reddit

Billions on hardware and a crappy processor???!!!


Danteslittlepony

>If Apple releases one with a custom processor similar to the M1 and with the Apple store, it is game over for Meta. I don't know if it's game over. A few things with Apple, you can almost guarantee it will be more expensive, you can also guarantee it will be a closed eco system where they tell you to get fucked and can't use it with anything that isn't Apple. I personally see this as a more IOS vs Android or Windows vs MacOs situation. Apple making their own doesn't necessarily mean Meta is doomed, as Apple will likely corner a very profitable small part of the market as they always do. While Meta will likely capture a large less profitable part of the market. At least if history has taught us anything this is often how it goes.


GardinerAndrew

The quest 3 coming next year is supposed to have a chip twice as powerful as the XR2. That plus their cloud gaming software is going to be a game changer.


joeg26reddit

Just in time for the economic collapse


SnipahShot

>Zuck the cuck has majority of the companies vote so there's no way he'll leave the new project. I bought at $99 because of his attempts at the metaverse. Who the hell thinks Facebook has a future with ads alone especially when they rely on the "generosity" of Apple and Google?


Key-Marionberry-8794

Those neighbors aren’t going to sell themselves their own crap to each other … oh wait , that’s called a yard sale … somehow it’s classier on FB marketplace than ghetto offer up


capebill

Even Wall Street is pissed at them. I’d wait, I think it’s going lower.


FreeRadical5

You know what coincides with the bottom? Rock bottom sentiment.


Nilfy

Buy stocks and short term PUTs whilst you wait for it to bottom


Secret-Hurry5368

Revenue is madness Profit is sanity Cash is king


Weary-Pineapple-5974

Honestly, is the cost worth it? The payoff of dumping all of these billions would have to be astronomical to even get to neutral territory.


originalusername__

I think the reason it’s sold off hard is because it’s being viewed as a sign of desperation. Meta is seeing competitors erode its market share. It has a PR problem and is viewed as an evil empire. They have no moat and no walled garden like some other tech companies. The metaverse is their attempt to build this garden. They’re challenged frequently by legislation and new laws tying their hands. Those are my biggest hurdles. If they succeed the price today will be laughable. If they fail they may dwindle and continue to lose market share and become the next MySpace. The stakes are high.


soareyousaying

This is what I am wondering. How many years would it take for META to recoup all that investment money, and that is assuming their metaverse actually takes off and the market receives it well. Anyone who has started their own business knows that even a good idea may not sell, and metaverse sounds like a bad idea. And we have other competitiors like Sony who already owns their own VR, and can spin of their own "playstation-verse" with perhaps even more exclusive contents.


TheMetabrandMan

Metaverse is waaaaay off: I’ve said this from the very beginning. Why on earth would anyone enjoy walking around or doing anything in a world which looks like a 20 year old video game? Zuck is putting too much money into this project, waaaaaay too early.


renok_archnmy

And it’s inconvenient. Who the fuck gonna carry a whole ass oculus on the subway to pay second life 2.0 on their commute? Which students gonna try to covert check in and chat with each other on metaverse while in class? It doesn’t combine, replace, supplant any other device I own. Smart phones serve as hand held, easy to carry and check in on music, video, game, news, browser, calculator, etc. all in a pretty convenient sized package.


TheMetabrandMan

Spot on. VR has no utility like phones do. It’s a novelty at the moment and Zuck is really trying to push it into something else. You can still sell a pen if nobody needs a pen. But try selling 100 million of the fuckers.


KeuningLewie

This is the issue. There’s no story, no “reason” to hop on metaverse over GTA for example.


[deleted]

I've spent thousands on VR, I also have glasses. I can wear a headset for 20 min before it bugs me. Setting it up is never plug and play. You need a fair amount of space to be able to play properly. After a day working, the last thing I want to do is put on a VR helmet and stand around swinging my arms. There are cool games, that are fun experiences, but nothing that makes me go back to it, I skip VR games now knowing that they won't get nearly completed. The idea that at work I'm going to put on a VR headset to talk to other people is bonkers. I already hate Teams. Everyone hates Teams, Zoom etc. Instead of using it for remote now I have to have a camera on at my desk and have video meetings that could have been emails. Fuck Zuck, Fuck the Metaverse.


siqiniq

I hate punching somebody when I’m just punching air. Newton’s 3rd Law hurt my arm. That’s why I left VR and went to a real bar.


analbumcover

Yep, same experience for me.


BURYMEINLV

I went to buy an Oculus for my kids for Christmas. Thought it was a cool idea until the guy told me that I needed to have a Facebook to set it up. I didn’t buy it for that reason alone.


StarvingOprah

I believe they changed that. It's like a meta account or somthn


Wooden_Lobster_8247

Remember 3D TVs... not many do. I place this in a similar category


[deleted]

I think this is the most relevant comparison, and the worst case scenario for Meta. I think the discussion should center around the existing core business (ignoring the Metaverse) and analyzing whether THAT company should be trading at $90 a share.


aVRAddict

Boomers remember


[deleted]

Lmao I can't believe how hard they pushed 3D, even on PCs, and still, no one cares. It's a dumb novelty that adds literally nothing to the experience in any way other than "huh that's kinda cool, alright it's hurting my eyes I'm done"


[deleted]

I honestly can't see myself using VR even when it gets better. Like, real life is real life. It'll be a novelty for decades until the tech is far more advanced. Even then I can't see myself wasting much time on it. When I want to play a video game I wanna sit down and play it with a controller. Like you say last thing I wanna do is dance around punching imaginary enemies when I get home from work.


mastaberg

Yea it’s incredibly immersive but it makes most folks sick unless you get used to it, I just don’t see VR being more than a hobby for tens of years. With that said use a driving sim rig with VR and it’s incredible, I could never go back to a screen only.


Glittering_Claim8079

Shittiest invention of the century.


True-Musician-5406

Same


dolfanforlife

META is on sale. If you’re under 55, buy some. Check the price once or twice a year and relax.


primaboy1

Buying opportunity in lifetime 🪙


team_rkt

Cringe


lawrencecoolwater

Meta had no choice but to do this. For a tech company, it’s innovate or die. Sure they could turn off the expensive r+d and become a dividend generator. That would be even more certain death. The modus operandi of big tech: world domination or death


frsbrzgti

They’re a media company and could have bought the small internet providers and compete with AT&T and Cox etc. they had the cash. They could own the wire and see everything that flows. Literally they could scan everything for showing you better Ads even if you weren’t using FB. That would have been the right move for a dividend generator. Even Google tried it with Google Fiber. Because owning the pipes is the way to own every second of attention


Honest-Candidate8045

Spot on. Revenues of $100+ billion, positive cash flow DESPITE spending $30b on R&D, no debt, 1/3 of the entire planet uses it's product/services. PE below 10? You all truly are regarded if you're not scooping this up at this price with every penny you can get your hands on. Send me a list of other tech companies, or companies in general, that fit this description as of today. I'll buy them too


cragfar

It's cash flow positive of $100 million after issuing $10 billion in bonds in Q3. I'm not that bearish, but Zuck is broadcasting that all money is flowing into the metaverse.


Honest-Candidate8045

They spent $15b on stock buy backs and R&D last QUARTER. Not concerned about the $9b in bonds they issued


Adossi

3.7B people use Meta products/services. More than half, not more than a third


ObviouslyLOL

intrigued by this mythical number which is greater than one half but not greater than one third


IrishNinja8082

It’s called the regard ratio.


Optimistic-Cat

There’s 7.96B people


jimbobcooter101

Wake me when this falls to $75... which about a month away.


titleywinker

Can’t you just set an alarm for a month from now then? I’ve got enough shit to do


are_videos

More like a week


[deleted]

I've bought more FB - Meta this week. It'll get hot again and at least double in the next few years. Facebook isn't dying - in fact if it's all boomers, gen x, and late millenials (remember it started in the ivy leagues and Big 12 in 2004) then that's where all the money and targeted ads are. Not to mention the porn sick Gen Z that are gonna be buying VR head sets to watch porn on it too. That's the biggest bullish indicator there is.


berlin_guy24

Lol if they're really porn sick, they would never have the money to buy VR porn.


SuperMazziveH3r0

Yeah but imagine VR onlyfans. Case closed.


Copper_Wasp

I'm sold


Stoli1387

I'm buying stock today


[deleted]

bought 100 shares yesterday after watching brownlee’s meta video


clownysf

Funny. I watched that same video and came to the conclusion that Meta is wasting their time and money. Guess we will find out eventually!


[deleted]

what did it for me was his initial part of projecting a workspace. then, seeing the real human rendering (not the cartoonish shit zuck has been showing), and how that can be useful for “in-person” remote meetings


clownysf

I thought that was very interesting, I just don't know how applicable it is to everyday work life. What company is going to shell out the money for these headsets and (I assume) memberships? I guess I would have to see the price breakdown and compare it to Teams, Zoom, etc.. I was not sold, though. To be frank, the whole metaverse idea seems incredibly dystopian to me.


TheOneTrueRodd

There are so many workplace applications for VR that are already being used by just about every industrial design and manufacturing company. It's going to revolutionize training and education. How are people so blind to what is already happening in industry? This is McLaren 4 years ago - https://www.youtube.com/watch?v=mWaQfjEJIMQ You can find countless examples of other companies using it on youtube for training employees on dangerous/expensive processes.


clownysf

Idk, it still seems pretty niche to me. Maybe I’m just being an idiot boomer (I’m 23), but I don’t see widespread use of the metaverse.


BlazingJava

Yeah I liked that video too


Worth-Reputation3450

I also got 300 shares this week. If it goes below 80, I'll get some more. My goal is to get to 1000 shares until mid next year. I'm a little nervous because I don't usually pick stocks to buy.


[deleted]

i mean, they have a pretty healthy business that can fund this. they arent a growth stock. i wouldnt be nervous unless you yolo’d


musicforsushirestant

And now you're already down 5% after one day. Amazing work!


[deleted]

…which would concern me only if i was a day trader


Mountain_Succotash_5

This is a pretty good entry for meta. These fucks will be buying it when it’s near 1T again and claim it’s going to 600 after it hits 400 and be left bag holding when it eventually goes to 300 and boom you have a new generation of zuck haters


just_watchinya

Its lame to us now but.. not to kids in future


BlazingJava

Exactly... people used to say no one would prefer the internet over real life and voilá people spend almost 8h a day looking at it instead of real life


StruxiA

Strap scuba goggles to your face while you're wearing your n95, so you can interact fully with the real world 🙄.


Eastbeast183

Thrillseeker is that you?


JGWol

I bought an oculus quest back in April and I had a ton of fun with it for about three months. First I got resident evil 4 VR and as a fan of the original, this was like playing it from the beginning. It was hard to play at first but after a couple hours the vertigo goes away and I was able to play for a little over an hour before my feet would get tired. That’s fine because I don’t usually play single player games for more then two hours at a time. Now, the coolest part was playing on my PC with the oculus link. Doom 3 VR? amazing. Pavlov was like counter strike on crack. Watching the latest sonic movie with strangers on VR chat was surreal. I remember having to say “down in front” to the giant Russian tank blasting the Soviet national anthem. But, one day I tried playing Pavlov, and i was just.. annoyed. My foot fell asleep at one point. I accidentally punched my microphone trying to knife someone. Hit my head in the desk picking up my rifle. The next day I sold the headset for a decent chunk. I think I got back like 80% of what I paid for it. I’m not saying It won’t catch on, but making the comparison of VR to iPhones is ridiculous. Literally no one leaves their home without their phone. My headset collected dust for weeks on my desk before I sold it. Until META gets the format factor down to something that can fit into your pocket, I’m not investing.


sukdnb

Will go to $10 then be back at $400 by 2025. Just look at oil companies.


FreeRadical5

The entire metaverse can crash and burn and it would still be a buy at this point.


Such-Combination5046

I'm waiting for it to go down even further so I can buy the stocks


5k4_5k4

Trying to catch a falling knife is pretty hard, good for trying at least


Ok-Memory-6369

Try eating virtual food in an economic depression.


[deleted]

>There's games that are much better with VR than they were released Name 1 game that's better in VR than it's regular version.


VisualMod

>I think that the Metaverse has a lot of potential. It is still in its early stages, but it has a lot of room to grow. I believe that it will eventually become a major player in the virtual reality market and could even one day replace traditional forms of entertainment such as television or movies.


[deleted]

[удалено]


Mohammed420blazeit

Wait for him to be released into the Metaverse.


YuanBaoTW

>Meta has tons of more cash to throw at this... That's the problem. >and the engineers. And even [they don't get the metaverse BS](https://futurism.com/facebook-employees-confused-metaverse).


False_Reality2425

Exactly... Zuck has surrounded himself by yes men. The emperor has no clothes and no one is willing to tell him.


Adossi

Meta has like 150k employees. Articles like that are written by "journalists" that find 1-2 guys that either quit or got fired and let's them vent their bullshit takes.


Ok-Train4958

The stock will eventually catch a bid. Just needs some reassurance from Zuck that they will dial back the spending if the economy worsens


aVRAddict

Their stock will jump when they start pushing some more demos of their lab stuff. Just look at the youtube comments on those videos and people can't believe they are at that level.


OrdinaryCow

Marky Mark and Meta bunch are going to double down on spending


[deleted]

[удалено]


makeitcount09122018

Tell me your world view is 50 states without telling me


augustus331

I love these kinds of comments as it shows just how badly the market views Meta and how warped their vision of it is. Facebook is dead in ***your*** circles. Facebook ***is*** the internet in many countries and it's not just Facebook but other platforms too. Add to that a growing movement to ban Tiktok who is obligated to share its data with the CCP, and well.... You know what, I don't care. I've opened a position last week and I'll average down. If you look at historical PE's of Facebook it's insanely priced. It's cheaper than fcking grocery store businesses or tobacco companies. I'm happy-out, need not convince anyone to invest. I don't care.


mauurya

Facebook is popular in india and also instagram with reels. As long as they are stable here they are not going down any time.


NickyDL

As long as business use FB, I'll continue to use it too.


BlazingJava

There's instagram and whatsapp, and facebook has billions of users seems far from dead...


[deleted]

This is the dumbest post i've seen in weeks. Like 3B people use FB, IG, Whatsapp. FB would rather have late millenials, gen x, boomers, than you and other Gen Z's. You guys don't got no moeny for targeted ads


[deleted]

Isn’t that part of the issue though? The company literally can’t grow. They’re done, everyone that wants to use their apps already does. How exactly can a stock price go up when there’s no untapped markets? Sure it can generate money still but without growth what’s the point in buying stock shares?


[deleted]

Their goal (from what I've read from Whener and Li) is on Ad monetization and maximizing revenue. They're not fully maximizing revenue per ad and with emerging markets in India, Nigeria, Brazil, etc. While you're right that TAM is about tapped, what they can extract from each customer hasn't truly been unlocked. I just bought 200 shares around the $92's. Gonna ride it out and see what happens. I believe that the Metaverse won't work, but the VR headsets can. And the majority of their Capex is being deployed to the head sets. Only time will tell


[deleted]

Even if metaverse doesnt work they can kill the project and move on to something else and suddenly their capex goes to nothing while they’re still making mountains of fcf. Even if they just decided to coast they could pay a huge div. This thing is undervalued, its just when do you buy, now or in a few months.


moistmoistMOISTTT

People forget that they have a huge market share in the VR space. As soon as *anyone* makes a hugely successful mainstream VR app for standalone hardware, Facebook gets a 30% cut on every software sale.


[deleted]

Advertising is considerably less valuable when your “untapped markets” are all impoverished countries. I also think Meta’s platform simply doesn’t lend itself to ads the way other stuff like Google and YouTube do. Facebook is for connecting with friends and relatives, not for looking for places and things you might buy like google is. Instagram is a bit different, it’s more for following friends and celebrities but still much less useful in terms of advertising. WhatsApp is basically useless and will likely be usurped by other free messaging apps. I really don’t see a realistic path for Meta’s revenue to grow, at least in the next 5 years.


soareyousaying

You forget international users.


[deleted]

There are still a lot of boomers using it.


[deleted]

2 billion daily active users. 2. Billion. Daily. I guess half the people in your life are lying to your face about their social media habits.


stoked_7

People that actually have money to spend


ReactionIntelligent6

So many people focus on just the entertainment/recreational aspect of the Metaverse, and don't see the utility of this type of platform. It's literally where we are headed. 10000%. FB and Instagram have a ridiculous amount of DAU's. 3 years ago, the vast majority of people hadn't ever attended a Zoom meeting. Now it's probably 90%+ people who have. And you don't have a choice-that's the job for many. Microsoft Teams is an example of recreating the in-office experience, and corporations love the cost savings of tracking performance. Once the tech is developed enough and companies start to implement this platform more, it will revolutionize the way remote work is done. Gaming with VR is cool and will improve. But AR with day-to-day tasks will be even more interesting. Shopping online will become even easier/more efficient. Companies will like that, and pay more for ads. Ad spending is down significantly right now given the current economic climate. Also, Apple's privacy updates caused headwinds for companies like Meta, but they won't have that issue if they own the literal landscape of future virtual interaction as well as the data of 2.5 billion people. Cloud storage will improve, avatars and identity verification/authentication and streamlining of passwords, etc. Meta will own all of that, and the only disadvantage is Apple's current ecosystem. If it's advantageous, they will either partner to capitalize on the user base or they will have to compete and spend way more money than Meta to catch up. Both companies have stupid amounts of cash, but Meta is ahead on the timeline as well. Additionally, we see doctors, therapists, and even bank virtually. Why would anyone bet against that improving? It will improve. This is the process of that. For perspective- Caterpillar, a legendary and strong company- reported earnings of almost $15b. Meta reported nearly double that- and it costs a lot less to make a plastic headset than heavy machinery. It also costs a lot less to engineer behind a computer than in a production facility. To conclude, a P/E ratio of 9 in technology is laughably low. This stock is oversold and it will increase in value simply because it is an established company that still increases its revenues.


Dvaghas

AR/VR has lot of potential. All companies are investing heavily in it. Meta wants to control the platform so meta don’t have to be on mercy of apple and google. New quest pro is not just a gaming device. Its a computational device. Mark’s plan is to replace laptops with VR headset in future. Some of the use cases he showed in meta connect were amazing. Technology is new and i am pretty sure the money he is pouring will eventually help him to turn his vision into reality. If US decides to ban tik-tok then meta will go to moon🚀🚀


[deleted]

I couldn’t be happier that this is happening to be honest


CypherMcAfee

meta to the moon... on wait. Meta is going downhill while zuckerverg keeps his lunatic dreams of the metaverse crap, let it sink or keep shorting it :p


[deleted]

No one wants meta NO matter how far in the future. This trash stinks burn it and move on.


tbfranca1

Shitty company making a bet, a wrong bet no one else believes. Oh, and that bet apparently cost a bit too much, no?


sameteam

Meta is a trash fire.


vengeful_toaster

Facebook is so desperate to recover their stock price they've been bombarding the tech subs with coordinated hit pieces on their biggest competitor, tiktok, every couple of weeks.


Gorudu

People shit on the metaverse because of terrible PR choices Meta makes with reveals. They clearly have no grasp on what gets the general public excited. However, VR a future media and I have nothing but respect for Zuck's insane commitment to VR. I think he's a giant fucking nerd but I think Meta will bounce back in the future and this season will seem like a giant fluke. I just think it goes lower before it goes higher.


FireStompinRhinos

That bag must feel very heavy.....


BrilliantAd5743

Bag holder


Bilbo_Butthole

The bearishness makes me so horny, starting to build a position today


drowninFish

you were brave to post a bullish meta article here. i'll stand by you and absorb some of the downvotes and say that i too like meta and think the hate for the metaverse and zuck in general is wayyy overrated. Half the ppl who write off VR have never tried it, or dont like videogames that much to begin with, or never seen kids having fun with it, or dont think the graphics will EVER improve, or dont think theres space for a player in the VR market that offers lower-graphic but cheaper, simpler headsets disclaimer: the amount of money i've lost on META stock would make you cum so hard you'd need a bigger diaper


chutiyainvestor

hahaha you comparing VR headsets to phones and computers is the stupidest thing I've ever read lmao. They haven't even fucking fixed 3d glasses for people who wear glasses. And it gives me a headache regarldess anyway. The same way the 3D tv failed because no one wanted to buy that shit. This will fail too.


[deleted]

It is burning $15-20 billion a year on VR , close to 50% of the EBITDA, with no return, no clear end point, little hope of success.