ST Alpha - "whoa: Meta Platforms was worth around $922 billion at the end of 2021, but is currently worth around $272 billion, a shocking 70% decline in 10 months -- (link)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 153

whoa: Meta Platforms was worth around $922 billion at the end of 2021, but is currently worth around $272 billion, a shocking 70% decline in 10 months -- (link)

Posted by decline (aka Decline) Oct 27 '22, 07:47

(No message)

https://twitter.com/scottlincicome/status/1585643613551464450 (twitter.com)

Responses:

shoulda named it Fetch -- nm - hollywood big shot Oct 27, 08:35
Instagram needs to hold out until Twitter and TikTok collapse. And they *will* collapse. -- nm - Mop Oct 27, 08:28 1
- Hi, yes, Instagram also needs to collapse. -- nm - Beryllium Oct 27, 08:53
They are also buying back stock. I wonder if they know Facebook is bleeding to death and so they have no choice but to reboot around metaverse -- nm - rollo Oct 27, 08:21 1
- I think I'd believe pretty much anything revealed in a behind the scenes documentary about Facebook from summer 2016 to now. -- nm - David Oct 27, 08:29
This is obviously a poor implementation of VR/metaverse, but I just don't think people will care about this stuff until it looks like real life. -- nm - Inigo Oct 27, 08:12 11
- I just don’t care about it, period. - znufrii, official Gen-Xer Oct 27, 09:26
- I don't think it has to look like real life, I think it has to look like something you can't do in real life. -- nm - Ender Oct 27, 08:28
- Kim and I were having this conversation just yesterday. I think the tech needs to improve by a factor of 300 before it can gain any traction. - David Oct 27, 08:19 1
  - Meanwhile they're losing $12 billion a year on it. -- nm - Ender Oct 27, 08:24
- I don't think it needs to look like real life. I think it needs to look really cool. And I'm not sure if that's easier or harder. -- nm - Beryllium Oct 27, 08:17 5
  - this is where i fall, i don't need to go to a virtual realistic boring mall, i want to go somewhere fantastic. -- nm* - Andie Oct 27, 08:27
  - The first step is that it needs to look believable enough that people don't get motion-sick in 90 seconds. - David Oct 27, 08:21 3
    - I think for some people that's going to just make it worse as the lack of inner ear feedback is going to be even more disconnected - JD Oct 27, 08:29 1
      - Coincidentally, CNet was just discussing the first viable omni-treadmill a few days ago. I suspect we're at least five years away from a legit one. -- nm - David Oct 27, 08:31
    - That's for actually using it. My point stands for avoiding merciless mocking of it. -- nm - Beryllium Oct 27, 08:22
- But I already live in real life, why would I want to go through all the hassles for that? I want it to look like Snow Crash or Ready Player One ;-) -- nm* - JD Oct 27, 08:14
"$1.2 BILLION METAVERSE HORRIFIED BY REPORT IT ONLY HAD 38 ACTIVE USERS" - link (those are their caps) -- (link*) - Andie Oct 27, 08:02 1
- That's a market cap of $31.58 million per mega-active user. -- nm - David Oct 27, 08:08
it's too late for zuckerberg to resign even. -- nm - judge amanda jones Oct 27, 08:01 3
- he's personally lost over $100 Billion -- nm - decline Oct 27, 08:52 2
  - you know what's cooler than losing $100 billion? -- nm - hollywood big shot Oct 27, 09:20 1
    - losing $200 billion - Lafarrow Oct 27, 09:38
Disney tries not to say the word metaverse now because Meta has ruined it so much. This is even came up during Chapek's WSJ interview yesterday. - David Oct 27, 07:52
Let me tell you how much they suck to work with as an advertising partner. - Dark Callisto Oct 27, 07:50 2
- Facebook and Google are ad companies that happen to offer services along with their ads. and it's not great for other traditional ad-supported bizness - hollywood big shot Oct 27, 08:34 1
  - Is true. -- nm - Dark Callisto Oct 27, 08:44
just let that Titanic after the iceberg in -- nm - crash davis Oct 27, 07:50 1
- :-] -- nm - mud Oct 27, 08:05

Post a message top

Replies are disabled on threads older than 7 days.