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Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JCM9 on Wednesday February 02, 2022 @06:29PM (#30185800)
Facebook’s core business model appears to be in decline. They don’t have a very diversified revenue stream despite trying various side businesses. This is the market worried that Facebook’s best days are behind it.

Facebook is betting the farm on the metaverse stuff but without meaningful financial results that’s not going to placate market concerns over what looks like a downhill future for the core businesses. Facebook’s less than fantastic record at making money on its other businesses doesn’t have the market terribly optimistic about about the future prospects metaverse stuff either. Net net stock down 20%.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by p1necone on Wednesday February 02, 2022 @07:02PM (#30186246)
I don't get metaverse - they seem to be throwing lots of money and people at it, and hyping it up like it's the future. But from what I've seen so far they've just built VRChat, but worse. It's been done before by other people, it's not a new thing at all (Second Life released almost 20 years ago).

This isn't a project that benefits from any of Facebooks strengths - game development companies are much better positioned to make compelling social VR experiences like this.

"Metaverses" in general are a cool 80s sci-fi novel concept. But they're just video game environments with better-than-typical communication features - hyping them up with piles of marketing and betting the farm on your specific one being successful seems like an incredibly poor business move.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by munificent on Wednesday February 02, 2022 @07:33PM (#30186618)
> game development companies are much better positioned to make compelling social VR experiences like this.

I don't think that's true. Game developer company culture is heavily oriented towards making and selling products to consumers. They know how to make games people will pay for, and the entire business and culture revolves around that.

With Meta and other ad-driven companies, the people aren't the consumers, they're the product. The whole incentive structure and architecture of the company is fundamentally different. Think about how a company like Facebook or Google has an entire army of sales people and enormous apps like AdWords and Facebook Ads Manager that are how the company actually makes money. Game companies don't have that kind of stuff.

What they have is a bunch of programmers who know 3D rendering and networking. But Meta can simply hire those people—and game devs are used to bouncing around every couple of years—and they are. Several of my old EA coworkers are at Meta know working on it.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by cwkoss on Wednesday February 02, 2022 @08:16PM (#30187016)
VR Chats made by consumer-first game developers are already only minimally compelling to niche groups (furries, anime weebs, etc).

I cant understand why people think a consumer-hostile company would be able to improve the experience enough to reach broader audiences.

People will try it for an hour or two when they boot up their oculus. Realize being in a room of shouting tweens is not fun, and then never try it again.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Izkata on Wednesday February 02, 2022 @08:38PM (#30187228)
> VR Chats made by consumer-first game developers are already only minimally compelling to niche groups (furries, anime weebs, etc).

I'd like to take advantage of this moment to share furries making fun of Metaverse, on VRChat (1m 30s): https://www.youtube.com/watch?v=RGmlhHvm-Tc

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Barrin92 on Thursday February 03, 2022 @02:57AM (#30189872)
>What they have is a bunch of programmers who know 3D rendering and networking

Game companies haven't been stuck in the 2000s. Nowadays they are legitimate media businesses. Just look at what Riot did with Arcane, or Epic with Travis Scott's Fortnite concert. That actually felt metaverse-ish compared to the geriatric experience of Facebook's VR games.(https://www.youtube.com/watch?v=wYeFAlVC8qU)

If you look at China its even more clear that game companies are way beyond just making games. Moving into ads isn't that hard, delivering actual content and really understanding young people very much is.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by jsemrau on Wednesday February 02, 2022 @07:10PM (#30186342)
You are absolutely right. Looking back at the days of Mafia Wars and Farmville. For these games social was a core aspect of their success. Now Roblox, Minecraft, and Fifa have incorporated similar features already. In 2022 it's not that hard anymore. So, what would FB's moat be? How large is the overlap between FB's current customers and new Metaverse customers?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by potatolicious on Wednesday February 02, 2022 @09:31PM (#30187715)
Agreed - if anything FB has a harder fight than folks like Fortnite, Roblox, and Minecraft.

FB is really noncommittal about what a metaverse product would even be, which can be interpreted either as secrecy... or they just don't know themselves. From the little we've seen (notable that it's 100% CGI concept reels and 0% anything concrete) it really does seem like just social spaces.

One thing the game studios have figured out is that simple chat is insufficient - Roblox, Minecraft, Fortnite have all developed genuine social spaces that center around some activity. FB's metaverse concept seems to have no unifying purpose and lacks some compelling purpose that the games do. To the extent these necessary unifying activities are discussed it's usually hand-waved away as something users themselves will concoct.

More generally, it seems that FB wants to be the substrate of a new social network - but it's not clear to me that that's what anyone wants? What's the role of FB as a platform when "VR socialization" can just be apps on a device - in which case FB's role is solely that of a device/OS vendor, which clearly is insufficient for their ambitions? What does FB bring to the table that Roblox, Fortnite, Minecraft, etc, would care about?

If socializing in VR is going to be a thing (big if, but let's assume for a second), why would I go to FB? Why would I not directly go to any number of apps and vendors who have created focused products? I don't need a single unifying platform when I can just... install a number of different ones?

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by jsemrau on Thursday February 03, 2022 @06:58PM (#30200833)
>What does FB bring to the table that Roblox, Fortnite, Minecraft, etc, would care about?

1. Identity management 2. Network management

But then realistically, are these really pain points?

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Wednesday February 02, 2022 @07:15PM (#30186394)
You are wrong - it’s clear that you do get the metaverse.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rednalexa on Wednesday February 02, 2022 @11:21PM (#30188627)
I personally believe that the rebranding is to attract talent to work for them as Facebook had a negative brand value in tech and required a premium for hiring. This rebranding changes their narrative from a technical perspective. Will it work?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by wombat-man on Wednesday February 02, 2022 @07:20PM (#30186456)
It sounds like an extremely mediocre video game and I'm going to go ahead and skip it
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by spywaregorilla on Wednesday February 02, 2022 @10:27PM (#30188190)
Have they built anything for the public?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rossdavidh on Wednesday February 02, 2022 @06:38PM (#30185921)
Exactly, and unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea. If that core business model/idea has seen most of its growth, and may even decline, then there is really not much reason to expect it to find any other way to keep growing. They are big, they are profitable, but they are not going to be growing fast in the future, and one could argue should be valued (in terms of earnings/share) more like a utility or a consumer commodity manufacturer, than a technology firm.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Miraste on Wednesday February 02, 2022 @06:51PM (#30186108)
> unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea.

Interestingly, by revenue Apple is more of a one-trick pony than Facebook. iPhone sales are fully half their revenue, and almost all of their software income is totally dependent on iPhones as well. Meanwhile at Meta, Instagram revenue is roughly equal to Facebook revenue.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by oblio on Wednesday February 02, 2022 @06:56PM (#30186175)
And Google is 90% ads.

OP wanted to use "cool" companies as examples but the actually diversified giants are Microsoft and Amazon.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by colinmhayes on Wednesday February 02, 2022 @08:44PM (#30187297)
Saying Google is "just" ads seems a bit disingenuous. Google controls the entire stack for ads, from the all important search, to Google network and YouTube, all the way to operating systems and the browser. That last part is important because Facebook got absolutely fucked by apples privacy changes on iOS. Google has diversified, but more importantly they're not reliant on another company's users.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by BbzzbB on Thursday February 03, 2022 @01:39PM (#30196664)
>but more importantly they're not reliant on another company's users.

Must be why they paid Apple $15B last year to be default search on Safari, a mob fee that increases by the year.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by oblio on Thursday February 03, 2022 @02:51AM (#30189832)
And yet they're paying Apple billions to also be on iOS.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sniperjzp on Wednesday February 02, 2022 @08:41PM (#30187252)
It’s 81% to be precise according to it’s Q4 earnings.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by initplus on Wednesday February 02, 2022 @07:32PM (#30186612)
Apple's moat is much larger. The costs involved with hardware manufacture, and the need for a deep software ecosystem are challenging.

Meanwhile Facebook is "just" an app. It's pure software, and doesn't have the same ecosystem tie in. It's not a platform in the way that android/ios/windows are. Starting a new social network is much cheaper than creating a new mobile platform.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by parkingrift on Thursday February 03, 2022 @07:41AM (#30191699)
My reading of that comment is that FB itself hasn’t innovated in quite some time. FB “innovation” has come through acquisition. The core company hasn’t produced anything unique or compelling in over a decade. Instagram, WhatsApp, and Oculus were all acquisitions.

I fundamentally don’t think FB can innovate. And I don’t think the regulatory situation will allow them to continue acquiring to grow.

An example of this changing landscape is FB failed attempt to acquire Giphy. Can FB survive if they are forced to compete and innovate on their own? I doubt it.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Wednesday February 02, 2022 @07:18PM (#30186425)
Facebook is all ads, and Apple is much less dependent on the iPhone than it was before, and is continuing in the right direction.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by kritiko on Wednesday February 02, 2022 @07:42PM (#30186699)
Probably the most interesting thing Apple has going for investors is their move into advertising within iOS - and they’re kneecapping the competition through ATT.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Wednesday February 02, 2022 @09:45PM (#30187837)
They haven’t moved into advertising within iOS - that seems to be a popular falsehood these days.

And they have steadily introduced new revenue streams such as Watch, Music, TV+. Services is where it is at.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by papito on Thursday February 03, 2022 @10:14AM (#30193456)
Google is search/ads. This is their cash cow. Without it, it would have gone under years ago, just like Yahoo, with a bunch of dead-end project that either make no money or go nowhere.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by NovemberWhiskey on Wednesday February 02, 2022 @06:56PM (#30186169)
The social media website/phone app company gets half its revenue from one of its social media website/phone apps? Feel the diversification!
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by foolfoolz on Wednesday February 02, 2022 @10:35PM (#30188260)
because the killer feature of facebook is staying in touch and meeting people. the path to monetization and revenue burned those features and overloaded them with spam and shit no one wanted. it got to the point where people stopped using facebook to meet and stay in touch with people

a similar pattern is happening on instagram although to a lesser degree

the metaverse bet is a good one to try and make something new where the value requires you to be on the fb platform. we will see if it works. i personally don’t see it going anywhere

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mjfl on Wednesday February 02, 2022 @06:34PM (#30185865)
> Facebook is betting the farm on the metaverse stuff

and it's an odd bet.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by dymk on Wednesday February 02, 2022 @06:38PM (#30185931)
I've been using a roommate's Quest 2 for a few days. A few years ago I was using an OG Oculus. The Quest 2 is so much staggeringly better in every way. So much so that I can see a future where people are spending hours in VR games rather than hours playing games on a monitor.

Yes, there are issues to work out with the headbands, weight, general FPS and battery life, but I finally _get_ it. The amount of badassery you feel as you shoot headcrabs and combine in Half Life: Alyx is hard to describe in words.

Maybe that's not Metaverse persay (is that like, VR chat or something?), but it is the equipment that Facebook is selling, and they've got their own set of games that're pretty fun too.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by endisneigh on Wednesday February 02, 2022 @07:03PM (#30186263)
I felt the same way, I literally bought a Quest 2 for everyone in my family. We have 4 of them and over $200 worth of games. After a couple months no one uses it anymore. It's sad lol.

I do think it's amazing - Superhot is one of the best games I've ever played. But I get it - I don't know how to explain, but it seems like work to use it.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ripper1138 on Wednesday February 02, 2022 @07:20PM (#30186457)
It seems like they sold a ton over the holidays this year. I and at least 4 of my friends got a quest 2 and all of us have already not used it since early Jan. VR has been looking for a killer app for 5 year and the most popular app so far is basically VR guitar hero but only for one player.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by berberous on Wednesday February 02, 2022 @08:50PM (#30187345)
I agree, but I’m still very bullish. I think the disconnect is:

1. A lot of people saying this are just older and with less free time. Do you still play video games a lot? I think the question is in part whether VR can engage kids for as long as video games do.

2. The headsets are still too early. Wireless latency is almost there, but not quite. The headsets are too heavy. I think the Quest 4 or 5 are going to be so vastly better that users won’t mind staying in VR for longer, and won’t get bored of it.

3. Content, content, content. Alyx is awesome, but there needs to be 10 of those per year. And with better headsets, and an ever expanding user base, I think content will continue to explode.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by GekkePrutser on Wednesday February 02, 2022 @07:29PM (#30186567)
I guess you don't have a game PC? The PC games are amazing. If you don't have a good pc there's some streaming services coming online too like plutosphere that's doing a free beta now.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by parineum on Wednesday February 02, 2022 @07:54PM (#30186849)
> The PC games are amazing

I'm a PC gamer and have a very capable PC but haven't bought any VR equipment because I don't know what I'd play.

The issue is probably that I'm not looking for an excuse to buy a headset, I'm waiting for a reason. I don't seek out information for VR and none of it is getting through to me.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by majewsky on Thursday February 03, 2022 @09:14AM (#30192630)
On the other end of the spectrum, I'm a PC gamer and I haven't bought any VR equipment because there are way too many games to play as it is. I don't feel the need to increase the backlog of games I want to play if I won't realistically be able to play them.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by shock-value on Thursday February 03, 2022 @01:38AM (#30189417)
If you are into simulations (driving, flying) then I'd say get a headset ASAP. Also potentially if you see yourself getting into immersive rhythm/fitness games. Otherwise I think it's pretty reasonable to wait for more compelling content to be released (and reap the benefits of the better hardware that will be available at that time).
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by spywaregorilla on Wednesday February 02, 2022 @09:13PM (#30187573)
I've been posting a lot of comments recently about how much Half Life Alyx disappointed me, not with any sort of motive but here we go again.

I felt incredibly lame shooting the headcrabs in half life alyx. They were fat and slow, and when I felt like they were going to hit me I tapped the left stick twice to teleport 20m away while they waddled towards me hopelessly. When they hit me, I just kind of shrugged because the experience of being hit in VR is so uninteresting. A lot of the times I would just be annoyed that aiming at a headcrab 10m was hard so I just waited for it to fall close to me then shoot it at point blank range 4 times.

In resident evil 4 (which is now vr but I've no experience with it) the zombies did this thing where they ran at you really fast, but when they got close, they walked slowly. This was because you had low mobility when aiming, so the enemies had to play nice to give you a chance. Half Life Alyx felt like that but way more so. Everything coddled you to the point of seriously breaking immersion for me.

Electric dog? Warns you that it's going to zap a path for like 10 seconds before doing anything.

Machine gunner guy? Shoots for 10 seconds then sits still for another 5 in plain sight while reloading.

Normal combine guys? Mostly just standing out in the open or failing to use cover effectively so you can casually snipe their weak spot.

Felt to me like a poorly curated house of dead line gun game.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by jmknoll on Wednesday February 02, 2022 @06:46PM (#30186042)
I’m with you on this. I received a Quest as a Christmas gift and basically went from 0 to 100 on VR and the Metaverse. It finally makes sense to me.

Like you say, there are some issues with the tech, but they’ll be resolved in time, and it’s clear that this is the future of gaming at least, and maybe much of social media/virtual interaction.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by evilantnie on Wednesday February 02, 2022 @07:03PM (#30186268)
I'd be curious if you feel the same way in a year or so. When I first got into VR I felt very strongly it was the future, but that novelty wore off over the course of a year. I go back every few months to catch up on experiences I've missed and try out new tech, but the novelty has still worn off.

VR is not a daily use experience for me, and I assume for a lot of consumers, but it is still amazing.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mancerayder on Wednesday February 02, 2022 @07:18PM (#30186430)
I find that a) the bulkiness of the headset (and the added wires and external sensors of the Valve Index) and b) the fact that I don't always feel like waving my arms around or reaching stuff after sitting in front of the PC all day, made it wear off for me.

I was into Pokerstars VR for a while but interacting with people through the microphone made me realize I don't really enjoy talking to strangers from around the country while playing poker.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by GekkePrutser on Wednesday February 02, 2022 @07:30PM (#30186587)
Waving your arms around after spending a day sitting at the PC is a really good thing to do though, just saying :)
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mancerayder on Wednesday February 02, 2022 @08:44PM (#30187285)
Yes, I agree!

Kind of!

I was developing neck pain from Pokerstars - it's not exactly table tennis. On the other hand, Moss was a very cool game but I found it annoying on my joints to reach under virtual corners and even get on all fours to look under something. Amazingly cool concept, but it's not exactly physical therapy after a computer posture.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by prawn on Wednesday February 02, 2022 @07:40PM (#30186683)
Is it a realistic option for watching TV/movies without a TV in the room?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mancerayder on Wednesday February 02, 2022 @08:46PM (#30187310)
Steam VR has a player that can use your PC to stream stuff, including even controlling your PC desktop. I don't think it's comfortable to have a screen right in your face with a heavy thing on your head, it's easier to watch something in a relaxed posture, moving your neck how you see fit.

I think it will take off when the gear becomes slim and light - like a much newer generation of glasses. Something that as far as I know is still in the realm of sci-fi - but not far.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by chaostheory on Wednesday February 02, 2022 @09:43PM (#30187824)
The novelty hasn't worn off for me because I don't treat it as a game console. I treat it as a new form factor computer.

I use it daily for HIIT workouts, and I use it to spend time with family and friends who are either far away or busy with life i.e. kids. It's way better than FaceTime or Zoom.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by arvinsim on Thursday February 03, 2022 @12:54AM (#30189177)
I have been using Beat Saber to clear my Apple Watch exercise rings. I am curious what games or apps you use to do HIIT.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by chaostheory on Thursday February 03, 2022 @12:17PM (#30195309)
Mostly FitXR since it's competitive and SuperNatural. Both are subscription based, $6/month and $15/month if paid yearly. I tend to end with Thrill of the Fight.

In addition to Beat Saber, you might want to check out games like Until You Fall and SynthRiders.

I've lost 20 lbs playing video games.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by civilized on Wednesday February 02, 2022 @06:55PM (#30186161)
For the sake of argument let's take you folks' word that it's the future of gaming (for the subset that can tolerate and enjoy the headsets). How much money is in that?

I don't believe for a moment that it'll extend into work interactions. Maybe family visiting type experiences, again for the subset that can enjoy the headset setup.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by vhiremath4 on Wednesday February 02, 2022 @07:57PM (#30186869)
I want to disclose a bias I have here: I run a video startup, so I'm pretty incentivized to believe VR will become a standard in several work contexts.

That said, when I try my hardest to think objectively about the future of work, I think VR is going to be everywhere.

Workers going into factories will become exceedingly rare. The cost of humans is high both from a safety and headcount perspective, and more and more of manufacturing pipelines are becoming automated end-to-end. Service repairs will likely happen remotely and only require humans to be onsite if absolutely necessary in the future. It's good for business.

There is a ton on "dark factories" to be found online. Also, there are many startups that have significant traction which are bridging these two worlds via AR:

https://www.mirareality.com/

When it comes to knowledge work, I think anywhere where you have to work with visuals will become a predominant VR stomping ground. If you need to be working with 3D models (lots of engineering + manufacturing) or flat UIs (being able to point and pan and modify is more natural with hand gestures), VR will likely win out. I also think VR will create a space for completely new ways of constructing software architecture. This could be a bridge to creating architectures visually for the first time (want to define a service that automagically becomes a kubernetes service and node on the backend? create a box here and give it some parameters!). The interactivity of this kind of build feels very natural, and it's how we actually already do things in a more limited 2d context. My guess is the killer feature here with VR is the immersiveness allowing for better synchronous collboration.

I could be totally wrong about this stuff, but I think a lot of our lives will change with VR. There are some serious hurdles we need to get over, most notably form factor, weight, and nausea. I feel like these are solvable problems, but honestly that's mostly a hunch more than anything. Would love to hear from others who know more than me!

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by aylmao on Wednesday February 02, 2022 @09:05PM (#30187493)
I think I agree, though from a more skeptical standpoint. To be fair I haven't used VR much lately, but at first glance I see a lot of parallels between this and the iPad.

The iPad is a fantastic device, and it definitely changed the way many people use computers. People use them for all sorts of things, because they feature properties that make them more comfortable for plenty of work applications.

I'd argue however they haven't had the significant, "post-PC" impact people used to believe they'd have. I remember the narrative back then was predicting they would change the way most people interacted with computers, and PCs would stick around "like trucks" just for the "heavy" or specific jobs for which they'd the absolutely required.

What I've seen instead is that iPads (and all tablets really) act mostly as a utility or compliment, and when I had one I only casually used it for light tasks when my computer was out of reach or battery.

So in my case, I don't doubt a lot of places will have VR headsets for work, but I still don't think people will consider them indispensable except for very specific applications. I think we'll keep seeing more remote service repairs, for example, but not that workers going into factories will become exceedingly rare— only less extraordinary. I think it's probable VR will become as common for 3D artists as tablets are for 2D artists, but don't necessarily think it'll spill out into software architecture or other keyboard-centric applications like that.

In summary, I think VR will become more commonplace and be a fantastic tool in many contexts, but I don't think at the moment that it will signify a significant paradigm shift in most work contexts.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by vhiremath4 on Thursday February 03, 2022 @01:39AM (#30189424)
This feels like a highly probable outcome as well. It feels natural. We shall see! I do wonder if there are patterns we can see in the past of other devices (like the iPad) that ended up being utilities more than main devices.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by civilized on Wednesday February 02, 2022 @09:12PM (#30187566)
This was surprisingly persuasive. You're thinking about actual productivity and not just dreaming of avatars sitting at a virtual conference table. (Ick.)

I agree with the other commenter that people are going to keep showing up in factories and repair shops, but there may be a decent sized niche of genuine utility.

Do us a favor: stay independent and stay interesting. Don't get acquired by Zuck. Maybe the MechE's in my family will use your stuff one day.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by vhiremath4 on Thursday February 03, 2022 @01:45AM (#30189456)
Yeah I agree. The idea of 1-for-1 bridging avatars around a conference table feels horrible. That's not a world I want to live in.

I do agree it's highly probable that VR becomes a utility until we have another leap in technology (contact-lens form factor?). We shall see!

> Do us a favor: stay independent and stay interesting. Don't get acquired by Zuck. Maybe the MechE's in my family will use your stuff one day.

Thank you I really appreciate this compliment. :) My father is actually a MechE so this comment hits close to home. My background is in materials science as well as computer science. After this company, I think I'll go back to my roots in more physics, chemistry and biology and try to do something within bioengineering. Then again, who knows. I feel, as I get older, the only thing that's certain is that I have no idea what I'll value in 2-3 more years, and I think that's a good thing!

Hope you and your loved ones are doing well internet friend.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by dymk on Wednesday February 02, 2022 @07:00PM (#30186219)
Facebook loses about $150 per Quest 2 sold (basing this off of what an engineer who worked on it told me). Either way, they're not making money off the hardware.

They plan on making it up via game sales in the Oculus Rift Store, and services. Same as what Sony did with the PS4 (which was quite successful). I see "Quest Season Passes" in VR's future.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by bentcorner on Wednesday February 02, 2022 @07:19PM (#30186435)
I've tried working in VR and it's... ok. If you're ok with working on a single monitor at < 1440p you'll be fine.

At 1440p and above resolution isn't there yet and pushing multiple monitors through to the headset is still (to my knowledge) not practical. The remote desktop-like apps I've tried only do a single monitor.

I like the bet that Quest 2 made with making the headset do all the processing, but it fails for tasks like this.

I think eventually we'll get a headset where working in VR becomes practical and affordable, but we're not there yet. Maybe apple pulls off a Gear-VR-like setup where you plonk your phone in front of some lenses on your face. But AFAIK anything better than the Quest 2 is substantially more expensive.

My wild guess is that practical work VR is 2-3 years away. Meta's next headset iteration might do it + price drops.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by GekkePrutser on Wednesday February 02, 2022 @07:33PM (#30186616)
ImmersedVR can do multiple virtual monitors. But I think the real step forward is dropping the desktop metaphor and having windows floating free in VR, like Simula are doing. They whole concept of a monitor is more constricting than useful in VR.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by lovecg on Wednesday February 02, 2022 @11:32PM (#30188709)
Here’s the thing though. I remember when the iPhone came out. The web browser experience was a horrible low resolution experience; it was slow, clunky, and you had to charge it every day. Yet none of it mattered - almost overnight everyone became glued to their phones. It didn’t need hyping up like “just wait for 4k to come out and then it will really take off” - people wanted it despite all the original flaws. Same with original game consoles. I don’t know, I just don’t see it.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by desiarnezjr on Thursday February 03, 2022 @03:24AM (#30190044)
The original iPhone was also better than anything else mobile at the time though. Much better.

As clunky an experience you describe, the rest were far far worse.

VR is a cool niche experience, but the friction is still far too high for me. I wear glasses, and it needs to be only slightly more friction than that. Whether AR or VR, I don't much even care, as software experiences will adapt to the hardware at some point.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by magicjosh on Wednesday February 02, 2022 @06:49PM (#30186075)
Wow what are your favorite apps? And a bit more leading question, what apps have you used in the last week?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Arainach on Wednesday February 02, 2022 @07:05PM (#30186286)
Not OP, but I also picked up a Quest 2 and was impressed after finding all previous VR experiences I'd tried gimmicky and not holding my attention for long.

Lately I've been sinking time into:

Half-Life Alyx

I Expect You To Die (and its sequel)

The Climb (and eventually its sequel, I assume)

Creed

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by dymk on Wednesday February 02, 2022 @06:53PM (#30186129)
In no particular order (well, except for Alyx, which is the gold standard)...

- Half Life: Alyx

- Lucky's Tale

- Beat Saber

- Thumper

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by YXNjaGVyZWdlbgo on Thursday February 03, 2022 @09:49AM (#30193111)
The problem is that the problems are mostly the same problems we had since 2012. I am not sure if we can really address them without new breakthrough technologies.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by magicjosh on Wednesday February 02, 2022 @06:48PM (#30186068)
Wow what's better? As an Oculus owner I dismissed the 2 as just aesthetic. Can it run Alyx natively? On the Oculus 1 it requires a PC and cable.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by dymk on Wednesday February 02, 2022 @06:51PM (#30186107)
Sorry, I should have been more clear about Alyx - in both situations I'm running Alyx on a PC, and using the headset tethered.

That being said, Quest 2 uses a USB-C cable that is quite a bit lighter and easier to manage than the Oculus' HDMI cable.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by stavros on Wednesday February 02, 2022 @06:54PM (#30186147)
You can use it untethered too, I haven't had any issues at all with it.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by GekkePrutser on Wednesday February 02, 2022 @07:34PM (#30186627)
No but streaming services specially for VR are starting up already.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ErneX on Wednesday February 02, 2022 @06:52PM (#30186123)
That's not technically Quest 2 that's PC VR (a nice PC hooked to a Quest 2).
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by dymk on Wednesday February 02, 2022 @06:56PM (#30186164)
That's true, but specific to the Quest 2 hardware is the much nicer display, lighter than its predecessor, its inside-out tracking is more convenient than setting up stationary tracking beacons (a-la Valve Index), its guardian system is nice for setting up arbitrary play areas, and it degrades more gracefully at low FPS than its predecessor by respecting 6dof of head movement at a minimum of 90fps at all times, reducing motion sickness.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JCM9 on Wednesday February 02, 2022 @06:49PM (#30186083)
There’s a whole bunch of geriatric millennials out there remembering what happened to second life. With the pandemic letting up the last thing people are going to want to do is live in some virtual world. Fresh air is the new black.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by quickthrowman on Wednesday February 02, 2022 @07:33PM (#30186615)
How could anyone ever forget flying penises pelting Anshe Chung in the face during a CNN-sponsored Second Life ‘town hall’? Anyone expecting something different from the ‘metaverse’ is living in a fantasy world.

Porn companies and sex workers will make money in VR environments, whether mainstream companies can remains to be seen.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by spookthesunset on Wednesday February 02, 2022 @08:36PM (#30187210)
Yup. All I see is second life v2. (Third Life?)
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by xkfm on Wednesday February 02, 2022 @09:18PM (#30187613)
I think it'll play out in five to seven years. I'm also in the group that bought a Quest 2 over the holidays and am really, really, really impressed. It's very close to being more than a novel experience. Immersed works well, but because of the res of the headset, you can't actually see any more text than you would on your monitors in real life, the monitors are just bigger. For games, FPSes and driving games seem to be "solved", but almost every other genre still needs work. Basically, if a game genre is normally played first person, it'll work well in VR already. Movies, TV, manga/comics are there too. I'm at the point now where I don't plan on buying another monitor unless I absolutely have to.

I should note that I only play multiplayer experiences with PCVR because I'm afraid of getting banned for whatever reason and having my headset bricked. That's one area I'm worried about, but it's not related to the hardware/technology.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JKCalhoun on Wednesday February 02, 2022 @09:41PM (#30187803)
I'm all in if they get behind the power glove.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by fleddr on Wednesday February 02, 2022 @06:54PM (#30186144)
"Facebook’s core business model appears to be in decline"

How so? Revenue is up and there's more users. What decline are you referring to?

People have expressed Facebook being passe or not cool for a decade now. They keep growing anyway.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by paxys on Wednesday February 02, 2022 @08:57PM (#30187422)
Disagree about them "betting the farm" on metaverse. They may be throwing some advertising dollars behind it, but it is clear that the bulk of their efforts are still focused on their core apps (Facebook, Instagram, WhatsApp) and the competition with TikTok. I doubt the product and engineering teams are as invested in metaverse as Zuck wants the world to believe.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by poisonborz on Wednesday February 02, 2022 @07:04PM (#30186278)
> Facebook’s core business model appears to be in decline.

If you mean the data mining and trading, I wouldn't believe that for a second. Sure, it can't go on so openly and monopolised like before, but there is a huge industry built on it already, each new digital service opening up opportunities for a bit of side income. Facebook was an easy target to aim at - but there's your webshop, food delivery service, electricity supplier in the line.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by chaostheory on Wednesday February 02, 2022 @07:58PM (#30186874)
> Facebook is betting the farm on the metaverse stuff but without meaningful financial results that’s not going to placate market concerns over what looks like a downhill future for the core businesses.

Unless Zuck can pull a Bezos with convincing investors, Meta's stock will be in trouble for a few years until their metaverse division starts becoming profitable; which will be at least a decade if they're focused on growth.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by paulpauper on Wednesday February 02, 2022 @06:45PM (#30186009)
They don’t have a very diversified revenue stream despite trying various side businesses.

Google and Microsoft have had the same business model forever .

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by that_guy_iain on Wednesday February 02, 2022 @06:49PM (#30186085)
> Google and Microsoft have had the same business model forever .

Microsoft has Xbox, Office, Azure, etc.

Google has Android, Google Workplace, GCP, etc.

When you diversify your income streams you add more. It doesn't mean you get rid of your breadwinner.

Facebook's main model seems to becoming illegal and/or not viable via a tech perspective.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by kergonath on Wednesday February 02, 2022 @07:01PM (#30186245)
> Google has Android, Google Workplace, GCP, etc.

Alphabet is more than 80% advertising: https://searchengineland.com/google-q4-2021-earnings-379735 . They are good at skewing how they are perceived but they are very close to being a one-business company. Not defending Facebook, but Google is not much better.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by endisneigh on Wednesday February 02, 2022 @07:04PM (#30186270)
Their "ads" are driven from more sectors than Facebook. Whatsapp has no ads, so it's basically FB and Insta
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by kritiko on Wednesday February 02, 2022 @07:59PM (#30186888)
FB has Audience Network which extends their targeting off platform.

But yes, Google’s acquisition of Doubleclick and investment in video through YouTube has allowed them to capture the publisher and buyer side of much of the open web (and use the data to cut out competition - cf. Project Bernanke)

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by colinmhayes on Wednesday February 02, 2022 @08:50PM (#30187341)
Audience network just took a big hit from apples privacy policy changes. Google controls the entire ecosystem for many users and most of the ecosystem for pretty much all of them, so they can never get blindsided like Facebook did.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ma2rten on Thursday February 03, 2022 @01:59AM (#30189548)
I saw this claim elsewhere in this thread as well, but I didn't really get it. Google is going be affected equally by iOS changes. Google does control the Android/Chrome ecosystem, but I don't see how Google could make any changes there that hurt Facebook because of antitrust concerns.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by colinmhayes on Thursday February 03, 2022 @11:49AM (#30194830)
Facebook says the iOS changes are going to cost them $10 billion this year. Google blew past earnings and issued strong guidance last quarter.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by blihp on Wednesday February 02, 2022 @09:26PM (#30187679)
That's actually a spectacular improvement (82% ad revenue)... it was more like 98% not that many years ago. So while it's taking them years, they are slowly diversifying.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by kergonath on Thursday February 03, 2022 @02:45AM (#30189805)
Yeah the figure I had in mind before looking for sources was 95%, which might have been a couple of years ago. There still is a chasm between how they make money and how people think they do. Probably because ads and tracking are more or less background noise when you browse the Internet, and things like Android are more sexy and concrete. But Android clearly is just a way to drive ads, not a separate business.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mastazi on Wednesday February 02, 2022 @07:04PM (#30186273)
Google is not really that diversified, most of the revenue comes from ads. Microsoft is a better example of a diversified business, and IMHO Amazon would be another good example.

Edit: sure, it's true that they put ads on everything, from YouTube videos to Gmail mailboxes, but that's not comparable to the level of diversification that MSFT or AMZN have IMHO.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by wombat-man on Wednesday February 02, 2022 @07:24PM (#30186509)
They also run the biggest ad network. If you want to put ads on your site or app, they make it easy.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by mastazi on Wednesday February 02, 2022 @09:46PM (#30187853)
Yes, that's true, when we refer to ads we have to consider both internal properties and external.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by manquer on Wednesday February 02, 2022 @09:25PM (#30187667)
MS also sells the same things in somewhat the same ways from 30 years back.

But their business models are not same at all, nobody is valuing MS at trillions of dollars for its Windows OS licencing business. In the last 20 years MS has diversifyer into gaming and cloud successfull that are a big chunk of its current business and future growth, even with older products like Office they successfully pivoted to O365 and converted it to a recurring revenue stream.

Amazon is making more money from AWS than retail and evolved a lot as a company.

If the metaverse gamble works Facebook could be looked on as a similar success but until then their growth is risky

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by bee_rider on Wednesday February 02, 2022 @06:57PM (#30186188)
I guess it depends on how you define "forever" but the success of Azure seems to be evidence that Microsoft is fundamentally capable of pivoting to a new business model if they really need to, in a way that Facebook hasn't shown any capacity for.

Google is probably screwed if search and ads go under, but they seem to be running an interesting experiment on how low quality their search results can get before they lose marketshare...

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JCM9 on Wednesday February 02, 2022 @06:47PM (#30186047)
That’s not necessarily a problem if the future of the cash cow looks bright. Facebook’s problem is that the cash cow is looking rather ill with nothing clear to pick up the slack. Also the business model of GOOG and MSFT is far more diversified than FB.