6 ms·

Meta isn’t even in the top 20 most valuable U.S. companies

54 points by HieronymusBosch 4y ago

Temporary_31337 4y ago
When you think about it, why should it be. It’s just a website with a lot of users.
- adammarples 4y ago
  It serves billions of adverts
  - MiguelX413 4y ago
    Not a reason why it SHOULD be a highly-valued company
  - everforward 4y ago
    They also have the ability to manipulate public sentiment. It's not a limitless ability, but that faculty alone is probably worth a decent amount to the right buyers.
- yucky 4y ago
  I don't use Facebook, but this is a silly take. They're doing around $120 Billion revenue for 2022. That being said, I'm glad to see them sinking and hope they take the rest of social media down with them, for the sake of humanity.
  - armitron 4y ago
    I agree, I don't see FB surviving past 5 years. On the other hand, you gotta give props to Zuck for throwing serious money at cutting edge VR research, shareholders be damned. FB will sink but VR will move forward. One can only hope that Google (no innovation whatsoever, creepy) and Amazon (despicable dehumanizing machine) are next in line.
    - endisneigh 4y ago
      Which companies are innovative to you?
      - armitron 4y ago
        Apple is certainly at the top. Hell, even Meta/Amazon/Microsoft are more innovative than Google.
        endisneigh 4y ago
        In what way?
        armitron 4y ago
        In every way that matters to the world: Besides Meta, their core business is not ad-peddling. I spent close to a decade at Google, the dysfunction that was already present back then (~10 years ago) is now magnified to excess, end result being a corporation employing some of the smartest people in the world being effectively paralyzed and incapable of large-scale world-altering innovation even in the domain that they still have an iron grip on. Google search is so ripe for disruption that I can't wait to see it dismantled by the first serious contender.
        endisneigh 4y ago
        Vague. Oh well.
        diag 4y ago
        They spend more time iterating on existing products rather than replacing them, not perfectly, but Google will throw away something good for seemingly no reason.
        endisneigh 4y ago
        That’s not really related to being innovative. There are companies that have been refining zipper manufacturing longer than Apple has existed, but I’m sure you’d consider apple more innovative than them.
wilg 4y ago
It is, however, in the top 21 most valuable U.S. companies.
FullyFunctional 4y ago
Meta is the new Yahoo I’ve been watching for a while for it to drop below Costco ($COST 219.8B). Won’t be long now. I look forward us acknowledging that Zuck was merely lucky, not some visionary.
- wobbly_bush 4y ago
  > I look forward us acknowledging that Zuck was merely lucky, not some visionary Isn't that already acknowledged in the tech circles?
  - armitron 4y ago
    If the metaverse gamble works out (and I don't think it will), he'll be called the greatest visionary since Edison. I despise FB and everything it stands for, but I quite like Zuck gambling big on VR.
    - FullyFunctional 4y ago
      I will be astounded if that pans out. I’m 100% convinced that few will actually want a headset strapped to their face for any extended time. The only relevant app is games and even this is limited in scope (I was an early adopter of the Valve Index)
    - dont__panic 4y ago
      During whatever time humanity has left, that is. I'm not sure I want to live in a world where everyone is stuck in virtual reality for 90% of their waking hours. I guess all those people tethered to their phones 24/7 won't experience much of a change.
      - proffeatur8 4y ago
    - 1letterunixname 4y ago
      VR isn't going anywhere. It's a category that's been tried over-and-over for 35+ years. It's AI, enterprise software like Workplace, and possibly AR. $50B on CapEx in the next 2 years, mostly buying GPUs. If you want to make money, buy NVDA and META now. Oculus could also become the next Nintendo Switch. They have a lot of money and a lot of degrees of motion to pivot on. Betting against piles of smart people who can make things would be foolish. Even if there isn't an immediately novel and wildly-popular use-case for their particular AI foundation, it's possible to lease AI-as-a-service like AWS with that amount of hardware.
DeathArrow 4y ago
Time to make some money by shorting Meta?
- 1letterunixname 4y ago
  Go ahead and go for that margin call. Its value target in 2023 is still $200.

Temporary_31337 4y ago

When you think about it, why should it be. It’s just a website with a lot of users.

adammarples 4y ago
It serves billions of adverts
- MiguelX413 4y ago
  Not a reason why it SHOULD be a highly-valued company
- everforward 4y ago
  They also have the ability to manipulate public sentiment. It's not a limitless ability, but that faculty alone is probably worth a decent amount to the right buyers.
yucky 4y ago
I don't use Facebook, but this is a silly take. They're doing around $120 Billion revenue for 2022. That being said, I'm glad to see them sinking and hope they take the rest of social media down with them, for the sake of humanity.
- armitron 4y ago
  I agree, I don't see FB surviving past 5 years. On the other hand, you gotta give props to Zuck for throwing serious money at cutting edge VR research, shareholders be damned. FB will sink but VR will move forward. One can only hope that Google (no innovation whatsoever, creepy) and Amazon (despicable dehumanizing machine) are next in line.
  - endisneigh 4y ago
    Which companies are innovative to you?
    - armitron 4y ago
      Apple is certainly at the top. Hell, even Meta/Amazon/Microsoft are more innovative than Google.
      - endisneigh 4y ago
        In what way?
        armitron 4y ago
        In every way that matters to the world: Besides Meta, their core business is not ad-peddling. I spent close to a decade at Google, the dysfunction that was already present back then (~10 years ago) is now magnified to excess, end result being a corporation employing some of the smartest people in the world being effectively paralyzed and incapable of large-scale world-altering innovation even in the domain that they still have an iron grip on. Google search is so ripe for disruption that I can't wait to see it dismantled by the first serious contender.
        endisneigh 4y ago
        Vague. Oh well.
        diag 4y ago
        They spend more time iterating on existing products rather than replacing them, not perfectly, but Google will throw away something good for seemingly no reason.
        endisneigh 4y ago
        That’s not really related to being innovative. There are companies that have been refining zipper manufacturing longer than Apple has existed, but I’m sure you’d consider apple more innovative than them.

wilg 4y ago

It is, however, in the top 21 most valuable U.S. companies.

FullyFunctional 4y ago

Meta is the new Yahoo I’ve been watching for a while for it to drop below Costco ($COST 219.8B). Won’t be long now. I look forward us acknowledging that Zuck was merely lucky, not some visionary.

wobbly_bush 4y ago
> I look forward us acknowledging that Zuck was merely lucky, not some visionary Isn't that already acknowledged in the tech circles?
- armitron 4y ago
  If the metaverse gamble works out (and I don't think it will), he'll be called the greatest visionary since Edison. I despise FB and everything it stands for, but I quite like Zuck gambling big on VR.
  - FullyFunctional 4y ago
    I will be astounded if that pans out. I’m 100% convinced that few will actually want a headset strapped to their face for any extended time. The only relevant app is games and even this is limited in scope (I was an early adopter of the Valve Index)
  - dont__panic 4y ago
    During whatever time humanity has left, that is. I'm not sure I want to live in a world where everyone is stuck in virtual reality for 90% of their waking hours. I guess all those people tethered to their phones 24/7 won't experience much of a change.
    - proffeatur8 4y ago
  - 1letterunixname 4y ago
    VR isn't going anywhere. It's a category that's been tried over-and-over for 35+ years. It's AI, enterprise software like Workplace, and possibly AR. $50B on CapEx in the next 2 years, mostly buying GPUs. If you want to make money, buy NVDA and META now. Oculus could also become the next Nintendo Switch. They have a lot of money and a lot of degrees of motion to pivot on. Betting against piles of smart people who can make things would be foolish. Even if there isn't an immediately novel and wildly-popular use-case for their particular AI foundation, it's possible to lease AI-as-a-service like AWS with that amount of hardware.

DeathArrow 4y ago

Time to make some money by shorting Meta?

1letterunixname 4y ago
Go ahead and go for that margin call. Its value target in 2023 is still $200.