META missed on both the top and bottom line in their Q2 earnings. This is the second quarter in a row they saw a serious drop in numbers. It is heartwarming to read that.
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META missed on both the top and bottom line in their Q2 earnings. This is the second quarter in a row they saw a serious drop in numbers. It is heartwarming to read that.
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They seem to be doing some rather odd things with their social platforms as of the last few weeks that also shows desperation. I only see meta as a platform that is going to continue a death spiral and never increase again.
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That might be true but Zuckerberg is a smart cookie and he does have his finger on the pulse of the digital future. Of course, he is trying to control it which might be his downfall.
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I always thought they would focus more on putting VR headsets in homes before being able to make any profits in the first place.
To get people interested in the metaverse you first need to make VR a common accessory IMO. Won't be surprised if they start selling them via a mobile plan bundle where you get a phone and a VR headset. I see no other way they get traction to be honest.
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I'm still waiting for 3D TV, the kind where no one needs funny glasses to watch the programming 3D TV was supposed to be great for sports. Holographic television would be even better, but that won't be out for a long time.
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They are willing to take the loss on the headsets and subsidize it.
I guess their platforms development costs are huge. That is where Web 3.0 can step in. We have developers paid in different ways.
Hopefully we see the incentive structure of Web 3.0 become a more powerful force.
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Don't know why you'll want to profit off someone else's privacy. I'm sure this is just the beginning for them, people are now opening their eyes and are careful of how much of their data these centralized entities market.
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Web 3.0 is going to change a lot. We will see how long it all takes to unfold.
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A loss of $2.8 billion in the Metaverse division looks pretty serious.
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Well to them it is an investment.
The key to all this is for us to build out Web 3.0. That is going to be the foundation.
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The bear market somewhat hindered the spread of Web 3.0, but this could actually be an opportunity. But it will become much more common in the future, so building now will be very advantageous for the future.
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I actually think it helped the spread. We see more development rolling out since the coders arent working on bullshit projects that are all hype.
The true applications and games are going to start showing through.
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Yes, that's right. In a bear market, those who focus on building and developing themselves in the right direction will be appreciated in the future.
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https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html
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And so it stops growing. Just thinking about its implications for Web 3.0.
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We need to build the foundation for that to present an option. A lot of infrastructure require.
But we are getting closer.
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Great to know.
Heartwarming indeed…
Hope it continues and people wake up.
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That's good
I hope more people find their way to Hive and the true Web 3.0
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Leofinances micoblogging will really be a boom.
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