3 ms·
It's not a sweet spot. It's less then 10 million MAU over 5 years for about $40 billion dollars. How is that a sweet spot. If you can't get 10 million MAUs in 5
by asadotzler 2y ago
It's not a sweet spot. It's less then 10 million MAU over 5 years for about $40 billion dollars. How is that a sweet spot. If you can't get 10 million MAUs in 5 years for $40 billion dollars, you're a failure. Quest is a failure. AVP being an even bigger failure doesn't make Quest a success.
- hollerith 2y agoMAU == monthly active users.
- wrsh07 2y agoWhat is the goal of quest? Is it to get mau? Is it sales and marketing for eng (come work at _, where we have fun projects like these Glasses - sounds familiar), is it to develop and flex hardware muscles? Is it to make sure Meta is competitive if/when there is a paradigm shift away from mobile? I think Mark is thrilled to have a hardware product that they can deploy their ML models to. Was that intentional? Obviously no, but at some point they're paying for optionality. They want the option to build a million hardware units in a year, they want the option to build a competitor to Apple's next hardware device (frankly, in the counterfactual that AVP took off, Meta was extremely well-positioned) Meta is a money-printing machine, and so they have choices: invest in moonshot hardware (or ai) projects, stock buybacks/dividends They have a huge dividend. What do you want them to do? More stock buybacks? Make less money?
- wrsh07 2y agoOne thing that frustrates me with this comment is that you're measuring their state today as if that's the end state. Is waymo a failure? It's not deployed across the US yet, and it's been over a decade etc No, they're just trying to solve hard technology problems. I want companies to be ambitious, that's way better than seeing them just focus on cutting costs etc