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.
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.