Curious - Do you think Meta's stock price will go back to as high as $300 like before? I feel it's a smart company who knows how to get back to its feet, but at the same time, I really can't think of any card they could play...

likefunny
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Not sure about the stock price, but I think Meta is slowly becoming less and less relevant and will eventually follow MySpace.

likesmart

Either Myspace and Yahoo or they will have to do a split to stay under 1k. They are definitely going all in on this but it could pay off.

The thing i appreciate most - the cool thing is - they are developing (not acquiring) real new tech at affordable price points.

Work in the metaverse has very real applications that i can see for corporations.

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Yes, it’ll go up.

Of course I’m biased but not because I work there.

My yes and bet is on Zuck. If someone else were to become CEO, I’m not too sure. I genuinely think he’s a visionary. And he always finds a way.

And despite the amount of hate the man gets he has done some pretty incredible things and stayed focused.

Mobile was discounted when web was hot.

IG acquisition had eyes rolling.

19b for WhatsApp was considered too much.

Yet, all were amazing plays.

Then Quest2. And Portal. Etc.

Zuck aside. It’s really hard to bring a ton of smart people in a room and not have magic happen. It’s inevitable. And that’s what Reality Labs is all about.

Will there be initial fails?

Yes.

But ultimately something will work.

It’s the cycle of innovation. Try. Fail. Fail. Fail. Breakthrough. The internet went through the same thing. Emails. Netflix. Then socials.

Now people consider these things normal.

But once upon a time they were deemed impossible.

Regarding the market: all it takes is for a signal of good faith to “big” money that Meta will continue to generate revenue. Once that happens the stock price will shoot up. Herd mentality. And retail will follow. Of course we get bullish again until the next drop.

This year? Next? I don’t know. No one does.

But if you zoom out and look at the stock price for the last decade you’ll see moments of despair followed by price shooting way past previous high.

Hard to see though but the signs are there.

I personally wouldn’t bet against Meta. Again maybe the kool aid is strong on my end.

It may change though if Zuck steps down.

But right now he’s where he should be: in warrior mode.

likesmart

Keep telling yourself that, Meta.

The only people who trust Facebook are GOP loving boomers.

They are not the target for VR.

The target for VR hates you in a way they don’t hate other tech companies. I’m not going to debate whether or not that’s justified, but it’s a fact that the brand has a stench that will not wash away.

Zuckerberg is smart, but a little too transparent. And the pivot to the metaverse is too transparent of a ploy to divert attention from Facebook’s damaged brand and create a walled garden where he can sell ads without Apple or any other companies intervention.

The metaverse will succeed. Your version will not. Maybe you all can buy the platform that DOES succeed.

likesmart

You will have to face that no one is really excited about the Metaverse. Wearing a headset is fun for like 20 or 30 minutes… that’s it.

like

Sure. If you say so. They are uncomfortable, and the experience is just a novelty. You cannot replace reality with avatars and an experience. The best option I have seen so far was MS Holo Lens, not sure why that seems to have disappeared. It looked like it had real applications.

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Not unless we have substantial wins with Metaverse-related efforts, IMO

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🙄 if I can’t even express an opinion on here without just flat out being told I’m wrong, then what’s the point in even asking an open-ended question? You do you, CD1 - sure are coming across like a bully though, so I’m out

like

Maybe? Idk sword art online is pretty dope lol

likefunny

SAO is a bottom tier show, with plot holes like swiss cheese, a main character who has less personality than my danny devito cardboard cutout, and action that's less exciting than watching my cat chase a laser pointer. Yeah, virtual MMOs are pretty cool, fair enough, but until motion sickness is a problem that has been fixed, I suspect headset use will be pretty limited.

Cost is another issue, and the reason facebook(yes, I'm still calling them that, rebranding doesn't change my mind, they're still the same toxic company) hasn't sold nearly as many headsets as they otherwise would is because of privacy concerns, which are entirely valid, and very much a reason to skip anything they've sold, or will sell.

besides, if you're looking for good VR MMO anime, log horizon is top tier.

Probably should get to 200-250 range in 12 to 18 months.
It's hard to say. The market sentiment is very negative right now and the stock is oversold. But then interest rates are on their way up as well

like

Regardless of the bet on metaverse, this seems to be a likely scenario. Only concern at this rate is if Meta continues to tinker with their social platforms enough that it alienates their current user base while trying to be more like TikTok or other younger competitors.

You gotta think long term. Stocks are down due to the macro economy not business fundamentals but Facebook owns Instagram and a majority of advertising space that will continue to grow overtime. They'll be just fine.

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Agreed I think they are screwed but maybe I’ll be proven wrong

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