I have a chunk of money in this stock. Bought most of it when it was a lot higher, then bought the dip when it dropped way down to like 235. Now it's at 156. I know part of this is due to the overall bear market, but is there an overall consensus on the future of this company? It seems like it has been beaten down more than the numbers would indicate. Doing a lot worse than my Apples and what not.
Meta/Facebook
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Last: 2 yr ago by I bleed maroon
Haven't verified this but doesn't paint a good picture
Over the last 5 years, $meta is up 3%. $qqq is up 107%$rlv is up 41%$Spx is up 69%
— Wall St. Dropout (@WallSt_Dropout) June 21, 2022
They got hammered when Apple tightened up the privacy on the iPhone and the Facebook ads lost a lot of their effectiveness and therefore weren't as valuable to the advertisers.
They are having to rebrand themselves since Facebook is losing popularity, especially with younger consumers that drive marketing dollars. Their choice of the meta world is bold and ground breaking, but also had a lot of uncertainty. If it doesn't catch on how do they sell themselves to investors? As a rapidly declining social media website? As the next big thing that hasn't caught on yet? Lots of risk. I don't know enough to be bull or bear on it, but I can see a large range of outcomes for this one.
I don't see how they're any different from Peloton or Netflix. A nifty product that's new and ground-breaking that ultimately within 5-10 years is in a highly competitive market and has no true differentiation. The world has moved on to TikTok…
If they could somehow monetize WhatsApp they could juice their earnings. Their user count work wide is insane.
Meta has bet on a "meta-verse."
Does anyone really believe in this trash? What does it tell you that ALL brand name "outdoors" businesses, from Live Nation to theme parks, are sustainably UP despite massive inflation?
Does anyone really believe in this trash? What does it tell you that ALL brand name "outdoors" businesses, from Live Nation to theme parks, are sustainably UP despite massive inflation?
After watching this clip of zukherberg explain how he's going to make money by selling outfits for avatars, I would never buy META stock.
Maybe I'm wrong about the end state or it's just me becoming older, but this is the first technological change in my lifetime that I am actually pulling for it to fail. I've been skeptical of some or cautiously optimistic about others that have all either succeeded or failed, but the vision being laid out for this one is something I want absolutely no part in. If 30 years from now people are living their lives via the meta verse, I'll be the crazy old man living in seclusion.
You must be 20 years younger than me. I was out when reality TV, myspace, and teen-bop pop music started up. Join the club. Have some punch and a cookie. We yell at clouds on weekends.
Possibly. But I also work in tech so I'm a lot more forgiving on a lot of things. And other than MySpace ushering in part of Web 2.0, I'm not sure I would consider the other two technological change as much as cultural change.
I cut bait on this turd after the Q4 earnings fiasco, just can't justify the amount of money they are throwing towards the metaverse stuff regardless of how good FB's numbers look.
META can die off for all I care. I hope the OP breaks even/makes some money before it happens.
I hope it dies off ASAP.Carlo4 said:
META can die off for all I care. I hope the OP breaks even/makes some money before it happens.
in the same boat as the OP
need it to move up at last 20%
need it to move up at last 20%
One lesson I have learned is listen to the tea leaves and not what media says. I didn't learn this lesson when young and missed out on some big opportunities.
The young people will drive what is bought in future. My 13 yr old daughter clamors for social media including tick tock, instagram, snap. I said no to these but asked her why not facebook too. She said that is for old people and none of her friends uses it.
Unless facebook changes, it will start to die.
Even middle age people are starting to not use it and Zuck is evil.
The young people will drive what is bought in future. My 13 yr old daughter clamors for social media including tick tock, instagram, snap. I said no to these but asked her why not facebook too. She said that is for old people and none of her friends uses it.
Unless facebook changes, it will start to die.
Even middle age people are starting to not use it and Zuck is evil.
Meta/Facebook own instagram too lol.Medaggie said:
The young people will drive what is bought in future. My 13 yr old daughter clamors for social media including tick tock, instagram, snap. I said no to these but asked her why not facebook too. She said that is for old people and none of her friends uses it.
I will go against the consensus here but first I will say that I personally want Meta and the Metaverse to die and never exist. It will be horrific for mankind and end the social fabric of humanity.
Having said that, I would hold this stock for now. It may not be Meta that ultimately capitalizes on the metaverse but someone will. The younger generations are all-in living in a virtual and clamor for it. All of the opinions of older people on this thread and previous threads who laugh and scoff at the metaverse are irrelevant.
This thing will take off; it's inevitable. Science has followed science fiction since it's inception as a genre and this will be another self-fulfilling prophecy covered in numerous sci-fi novels. Again, it may not be Zuckerburg that wins this race but the race will happen and this will be the new frontier where people live, play, and work.
Book it.
Having said that, I would hold this stock for now. It may not be Meta that ultimately capitalizes on the metaverse but someone will. The younger generations are all-in living in a virtual and clamor for it. All of the opinions of older people on this thread and previous threads who laugh and scoff at the metaverse are irrelevant.
This thing will take off; it's inevitable. Science has followed science fiction since it's inception as a genre and this will be another self-fulfilling prophecy covered in numerous sci-fi novels. Again, it may not be Zuckerburg that wins this race but the race will happen and this will be the new frontier where people live, play, and work.
Book it.
Disagree. The backlash against virtual "life" is inevitable, because there are always backlashes to major lifestyle trends and fads.
We see this now with the strong demand for "live businesses" (Mark Cuban correct about this, despite being wrong about so much else).
I think the counter-trend is generational: waves of excitement / cocoon (ie rising and falling crime) do seem to be cyclical. We have about a century of data on it. Things will be lit until about 2040,
We see this now with the strong demand for "live businesses" (Mark Cuban correct about this, despite being wrong about so much else).
I think the counter-trend is generational: waves of excitement / cocoon (ie rising and falling crime) do seem to be cyclical. We have about a century of data on it. Things will be lit until about 2040,
Have you observed the under 30's?? They 100% support alternative lifestyles, extreme liberal views, etc. The older, conservative views are slowly dying.
And for the record, it makes me sick.
And for the record, it makes me sick.
We shall see.Redstone said:
Disagree. The backlash against virtual "life" is inevitable, because there are always backlashes to major lifestyle trends and fads.
We see this now with the strong demand for "live businesses" (Mark Cuban correct about this, despite being wrong about so much else).
I think the counter-trend is generational: waves of excitement / cocoon (ie rising and falling crime) do seem to be cyclical. We have about a century of data on it. Things will be lit until about 2040,
Regardless, I was the first on this thread to state the counter position that the idea of meta will ultimately be successful and I am a known prognosticator of this position on this topic on various threads - one of the first, actually.
More commentary from me on this topic from December of 2021:
https://texags.com/forums/59/topics/3254630/replies/60911360
I can only hope that I'm categorically wrong on this topic, but I highly doubt that I will be.
Didn't know this but I still stand that FB itself is dying for the younger population. My kid actually thinks its bad for kids image to have FB.
You are correct that kids do not want to be associated with the current iteration of "Facebook". BUT, I wouldn't be surprised if your kid (and their friends) happily participate in the Metaverse version of FB (it will be a different name/platform) in the next 5 years.Medaggie said:
Didn't know this but I still stand that FB itself is dying for the younger population. My kid actually thinks its bad for kids image to have FB.
Yeah that is the problem. For them to save themselves they need to find something kids will latch onto which is difficult esp with all the Social media competition.
They're probably on Instagram though.
Fb is bad for image because it's for 30+ y/os not because they negatively view social media. They are likely in the gram or tiktok
I'm out. Even if the idea of the metaverse had legs, i think the brand (regardless of what they call it) is stained with the user population they need for it to take off. If this concept comes to fruition in some way one day, it will be someone else doing it
The numbers look very good. If you didn't tell me the company and showed me the financials and stock price, I would say buy. But I'm also not optimistic about their future. I might end up buying some but not right now. Need things to settle a bit more in the market
Yes that is simply looking at trailing p/e. The future earnings are the question. Regardless of the success with transition from Facebook to metaverse revenues, I feel like these shares are likely to be cheaper in the future. Again that's a relatively high level and ignorant opinion.
I have a handful of friends that work in Meta's AR/VR hardware group.
The eventual problem with Meta (and the Metaverse) is that they are trying to implement extremely complicated and cutting-edge technology with off-the-shelf components and ARM cores. I have no doubt that their next Oculus Quest 2 or Pro VR stuff will be amazing.
But someone else could come along and do it even better than them w/ more capable hardware that ends up producing a far better user experience.
The eventual problem with Meta (and the Metaverse) is that they are trying to implement extremely complicated and cutting-edge technology with off-the-shelf components and ARM cores. I have no doubt that their next Oculus Quest 2 or Pro VR stuff will be amazing.
But someone else could come along and do it even better than them w/ more capable hardware that ends up producing a far better user experience.
evan_aggie said:
I have a handful of friends that work in Meta's AR/VR hardware group.
The eventual problem with Meta (and the Metaverse) is that they are trying to implement extremely complicated and cutting-edge technology with off-the-shelf components and ARM cores. I have no doubt that their next Oculus Quest 2 or Pro VR stuff will be amazing.
But someone else could come along and do it even better than them w/ more capable hardware that ends up producing a far better user experience.
They want to own the software ecosystem layer too. That's what gets sticky but it's very hard to build the general metaverse ecosystem. Super apps / content are needed and besides some games, not yet ready for prime time.
Listen to Palmer Luckey. VR is the final user interface according to Palmer and as a tech ceo it's hard to argue his point. Whether Meta can win is up for debate but they have as good a chance as anyone imo.
At least they outlasted MySpace.
-Apple's privacy software is going to ravage Meta's ad revenue in the US and the EU's privacy laws will ravage it in Europe.
-Nobody under 35 gives a **** about Facebook and a lot of 35+ people no longer give a **** about it either.
-Instagram, while still popular, is facing stiff competition from TikTok (is already in second place in a lot of major metrics).
-Meta is spending bazillions of dollars on all the metaverse crap, but there's a great chance that broad/profitable adoption is still 10-20 years away. The equipment is very expensive and, ****, a quarter to a third of the entire human population gets nauseous when they use VR for more than 15 minutes.
Maybe the price dropped too much in response to all that but they're facing some massive headwinds.
-Nobody under 35 gives a **** about Facebook and a lot of 35+ people no longer give a **** about it either.
-Instagram, while still popular, is facing stiff competition from TikTok (is already in second place in a lot of major metrics).
-Meta is spending bazillions of dollars on all the metaverse crap, but there's a great chance that broad/profitable adoption is still 10-20 years away. The equipment is very expensive and, ****, a quarter to a third of the entire human population gets nauseous when they use VR for more than 15 minutes.
Maybe the price dropped too much in response to all that but they're facing some massive headwinds.
well if that is the case- why not buy and hold for 10 years?Deputy Travis Junior said:
-Apple's privacy software is going to ravage Meta's ad revenue in the US and the EU's privacy laws will ravage it in Europe.
-Nobody under 35 gives a **** about Facebook and a lot of 35+ people no longer give a **** about it either.
-Instagram, while still popular, is facing stiff competition from TikTok (is already in second place in a lot of major metrics).
-Meta is spending bazillions of dollars on all the metaverse crap, but there's a great chance that broad/profitable adoption is still 10-20 years away. The equipment is very expensive and, ****, a quarter to a third of the entire human population gets nauseous when they use VR for more than 15 minutes.
Maybe the price dropped too much in response to all that but they're facing some massive headwinds.
then it will be like buying AMAZON in 2002 at $6...
I said that the metaverse is probably 10 years away from broad adoption, not that the metaverse is 10 years away AND Meta, with its big, first-mover spending, will be the winner at that point. Wouldn't be surprised to see a plucky startup enter the market in 7-8 years and build a superior product.
Basically, Meta is funding all the research and tripping over all the landmines, but since maturation is so far away, they have no guarantee of reaping the rewards.
Basically, Meta is funding all the research and tripping over all the landmines, but since maturation is so far away, they have no guarantee of reaping the rewards.
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