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I struggle to see Meta as a good investment. IG lost a significant market share to TikTok. Facebook seems to be floundering. I do have to say that Market Place

I struggle to see Meta as a good investment. IG lost a significant market share to TikTok. Facebook seems to be floundering. I do have to say that Market Place is awesome and is probably a better product than anything else in its space. If I had to guess, I'd say a significant portion of new signups are probably folks trying to use Market Place app. I know it's anecdotal, but I really don't know anybody who actively uses Facebook anymore otherwise. As far as Metaverse goes, it just feels like it will never catch fire. I know the quality of graphics has historically been pretty bad, but the VR market has seen a pretty decent uptick in quality of devices, yet it just feels like it's serving a very niche space. Does anybody see a bright future for Meta?

almog 3y ago
Ironically, when I signed up with a new user just to use the marketplace while preserving my marketplace history separated from my private user for privacy, I found out that I couldn't use the marketplace until I establish my identity or wait until I'm no longer considered a new user. I realize that it's probably to prevent spam but I ended up just not posting on marketplace.
lanza 3y ago
> Facebook seems to be floundering. The link that we're literally replying to just described that it's growing in all major metrics. Stop letting niche internet communities for clingey geeks over-influence your world views.
baby 3y ago
Disclaimer: Meta is my biggest bet. My thoughts: * they have a huge userbase throughout the world, which allow them to launch new products much more easily * they’re printing money and will be for a very long time. They also have a huge amount of cash. * they have whatsapp, which seems to have won the messaging war. I’m not sure why they still haven’t done much with it but the potential is huge (see weechat and all these types of super apps) * they have been trying to get into payments for a long time, and the outcome could be huge as well. They’ve failed so far (brazil, india, libra/diem) but there’s no reason why it shouldn’t work at some point * hardware is becoming bigger and bigger at Meta. That plus the massive investment into VR/AR and the fact that we still haven’t seen what AR product they’ve been working on * to me the biggest argument is the strong engineering culture. I think the way the rules were set early and the way the machine is running can achieve a lot. What remains to be seen though is how companies like that can create new successful products without acquiring another product. IMO Meta could be much more successful if they focused on: - spinning off new products based on the tech they have (why are they still not competing with cloud providers!) - spinning off new products based on the userbase they have (they need to launch a twitter competitor) - releasing hardware products more often. Why did they give up on Portal? Why didn’t they release more iterations of the glasses? - giving people what they want on FB. Turning it back into a useful tool. For example, chronological timeline as a setting

almog 3y ago

Ironically, when I signed up with a new user just to use the marketplace while preserving my marketplace history separated from my private user for privacy, I found out that I couldn't use the marketplace until I establish my identity or wait until I'm no longer considered a new user. I realize that it's probably to prevent spam but I ended up just not posting on marketplace.

lanza 3y ago

> Facebook seems to be floundering. The link that we're literally replying to just described that it's growing in all major metrics. Stop letting niche internet communities for clingey geeks over-influence your world views.

baby 3y ago

Disclaimer: Meta is my biggest bet. My thoughts: * they have a huge userbase throughout the world, which allow them to launch new products much more easily * they’re printing money and will be for a very long time. They also have a huge amount of cash. * they have whatsapp, which seems to have won the messaging war. I’m not sure why they still haven’t done much with it but the potential is huge (see weechat and all these types of super apps) * they have been trying to get into payments for a long time, and the outcome could be huge as well. They’ve failed so far (brazil, india, libra/diem) but there’s no reason why it shouldn’t work at some point * hardware is becoming bigger and bigger at Meta. That plus the massive investment into VR/AR and the fact that we still haven’t seen what AR product they’ve been working on * to me the biggest argument is the strong engineering culture. I think the way the rules were set early and the way the machine is running can achieve a lot. What remains to be seen though is how companies like that can create new successful products without acquiring another product. IMO Meta could be much more successful if they focused on: - spinning off new products based on the tech they have (why are they still not competing with cloud providers!) - spinning off new products based on the userbase they have (they need to launch a twitter competitor) - releasing hardware products more often. Why did they give up on Portal? Why didn’t they release more iterations of the glasses? - giving people what they want on FB. Turning it back into a useful tool. For example, chronological timeline as a setting