Posted on 09/17/2022 2:14:54 AM PDT by zeestephen
Meta shares dropped below the company's pandemic nadir during the day on Friday and are down more than 60% for the year...Since officially changing its name to Meta last October, the news for CEO Mark Zuckerberg and company has been almost all bad.
(Excerpt) Read more at cnbc.com ...
Don’t worry the liars and lies will soon be forthcoming and the stock report will feature news of astronomical gains
It’s no surprise to me, but the latest stuff about them turning people into the FBI over ‘private’ messages is really putting people off. This whole Meta thing is burning off billions for absolutely nothing. I doubt they get any new users now. All the boomers and Gen Xers already signed up, said hi to the old classmates, and moved on.
Fakebook’s share price can go in the dropbox to h*ll.
I’d consider buying Meta but I haven’t a clue what it is, and I despise the alien life form who runs the company.
The day of the stock being $200 or more....long gone. By Xmas, I would guess the stock hits down to around $100 a share. By spring, there’s going to be some lay-off to occur...3k-to-4k gone. My guess is that the board will say by spring of 2023 that Zuckerberg’s ‘magic’ is gone, and he has to go.
Your insulting aliens.
Talk about irony; the biggest social misfit on the planet claims to be the founder of the biggest social media platform in the world.
NFT 1 year price history =>
52 week high => $0.5964
52 week low => $0.0000005404
Most recent => $0.0000005526
That is a good call.
Zuck owned 30% of the company when the IPO went through. He probably could have fought off any effort to evict him from the management team with 30%.
Today, his share is below 14%, and most shareholders have no idea what Meta is or what products Meta will be selling.
NFT - Non-Fungible Token?
Where is that price quote coming from?
Meta is Facebook’s attempt to rebrand itself as a virtual reality (VR) platform. They acquired Oculus (a VR platform) a few years back, and they’ve been working to create a digital virtual world where people can interact with one another in a social way.
Others such as Microsoft and, to a lesser extent, Google are trying the same thing. You may have seen Meta’s meeting platform with a small monitor and camera combination designed to interface with Zoom and Microsoft Teams. The goal is to create a digital world where people interact and they can digitize and monetize an experience similar to what Ernest Cline envisioned in “Ready Player One.”
The problem is that if you’ve ready “Ready Player One” or seen the movie, you’d know that this digital world, the Oasis, turned into a sort of dystopian battlefield where “players” bought their way into a caste system. Those with money and power had the best gear and weapons and could subjugate those with less. People became fervent consumers in this world, and real life turned into a depressing slum. Everyone escaped reality in this digital world, and the main corporate bad guy, an entity known as Innovative Online Industries or IOI, had legions of debt slaves log into the world to try to win a game in which the creator hid Easter eggs that would ultimately hand over full control of the Oasis to the winner of the Easter egg hunt.
I think Meta’s plan is to “do it better,” but the VR worlds out there in games such as VRChat are really just niche realms. The entry point for VR hardware is not impossibly high, but it’s still enough that the poor are not clamoring to get into it. There’s no incentive to use it.
I don’t hate the idea, but the thought of everyone just giving up on real life in lieu of this digital world is pretty terrifying. Microsoft, for instance, wants to make digital realms like this a place for workers to interact. They’ve demonstrated their idea with their Hololens platform that is currently being developed for military and healthcare uses with varying degrees of success. There are videos out there of physicians performing diagnostics on people remotely and even performing surgeries with robots. Cool idea, but it’s still very much in its infancy.
I don’t think Meta will succeed long term. Their business model is still very much based around ad revenue, and they don’t actually produce a product. This puts them at risk of failure, because people just install ad blockers or avoid ad heavy websites in lieu of aggregators. The horse is out of the paddock, though, and I think VR will continue to develop, albeit slowly, into an accessible platform for those with money and industries with a desire to expand their reach beyond the real world.
Thanks. I had no idea what it was.
I don’t click on Facebook. I continually get “friend suggestions” on my phone on Facebook. I instantly delete them. Sounds like they are desperate to get clicks.
I miss not being touch with my West Point classmates and other friends. But, then again, I no longer have to be exposed to the political stupidity of my Leftist and Never Trump friends. And now I can worry less about the FBI or other assholes targeting me for wrongthink. And, in a small way, I lessen Meta's revenue.
Me too . Was on it hours everyday fighting off the lefts lies for YEARS. Election night I went dark. Not on it since other than accidental clicks to links.
Meta is not a company - it is a branch of the effin bee eye, enforcing the Communist Brandon Junta’s abolition of free speech, silencing all critics of Brandon Marxist policies, eliminating wrong think and targeting its practitioners for harassment, and spying on alleged whitey nationalist terrorists being manufactured by said eff bee eye.
And the Czar of Meta has death eyes.
All the cool kids moved to tik-tok.
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