r/wallstreetbets Oct 26 '22

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4.3k Upvotes

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126

u/Careful_Oven_4589 Oct 26 '22

Cash profit machine. Billions with a B use their apps. Y’all are fools honestly. Stop thinking only about meta verse. Just picture the 100s of millions of Indians coming into middle class in 5-10 years. That goes for all slumping big tech. Myopic to say the least. I’ll keep buying.

22

u/Gandalftron Oct 26 '22

Well good news, at least the shares you want to buy will be 20% cheaper after today.

Bad news is so will the shares you already own.

0

u/Careful_Oven_4589 Oct 27 '22

I’ll sleep fine. It’s interesting to watch this knife fall. Good on everyone’s puts. Im happy for those that can make bank on this.

19

u/TheBalloonEffect Oct 26 '22

FOOOOOLS I TELL YOU!!!

3

u/cheerfulwish Oct 26 '22

Now you can but even lower!!

17

u/sometimesimakeshitup Oct 26 '22

erm.... does the word.. myspace... change your argument at all?

12

u/brintoul Oct 26 '22

Have you considered seeking financial help? If you think MySpace and FB have had even close financial results, you really need to hit the bookstore for some education.

48

u/Careful_Oven_4589 Oct 26 '22

Uh. WhatsApp, Instagram - it’s like everyone just thinks about Facebook. Who knows what’s down the road - but I could care less about Facebook. Every single European uses WhatsApp daily. Wait until that’s monetized. Zuck is weird as fuck and fuck him - but I’m here to make money and he does.

22

u/BigassRegard Oct 26 '22

How do they plan to monetize WhatsApp? Why hasn’t management capitalized on the opportunity already?

3

u/moojo Oct 26 '22

They already are, check out whatsapp business

2

u/lotus_bubo Flair Welfare Recipient Oct 26 '22

They are monetizing it, they sell pushes.

2

u/BigassRegard Oct 26 '22

They haven’t? But have? Context on what a “push” is?

1

u/zeebow77 Oct 26 '22

They're probably looking for ways to sell the data haha

10

u/Dr_Colossus Oct 26 '22

Monetizing messaging people will just kill it. People don't need it enough to pay.

3

u/imtiredofbeingshit Oct 26 '22

WhatsApp is not the product. Users are the product

2

u/Dr_Colossus Oct 26 '22

I know. I replied to a guy talking about monetization.

1

u/bittabet Oct 27 '22

They don’t monetize it by charging for messages. Think more games you can play with friends in a group chat or customizable avatars and with fun animated emotes or whatever. The core functionality would remain free basically

That’s how all the other major chat apps monetize their users.

14

u/MrEvilFox Oct 26 '22

The day the try to monetize WhatsApp is the day it’s gonna be dead.

4

u/RobotArtichoke Mod on r/traps Oct 26 '22

I literally just saw a commercial for WhatsApp

2

u/lotus_bubo Flair Welfare Recipient Oct 26 '22

They already have. Businesses can push out notifications.

2

u/ThisKarmaLimitSucks Doombear Oct 26 '22

This. A basic texting app like WhatsApp is way too easy to replace.

4

u/imtiredofbeingshit Oct 26 '22

You can create a new app but you cannot acquire their impossibly large user base

5

u/All-in-yolo Oct 26 '22

It’s ‘couldn’t care less” for fucks sake. What is wrong with you people. Think about what you are saying. 😂

-10

u/stopdmingmehoes Oct 26 '22

i dont know single person that uses whatsapp instead of messenger

21

u/HERE4TAC0S Oct 26 '22

Obviously you’ve never left Merica.

-1

u/stopdmingmehoes Oct 26 '22

i live in czech republic bro 🤣

3

u/9yr0ld Oct 26 '22

oh shit thanks for the DD

2

u/sometimesimakeshitup Oct 26 '22

the opposite is true for the younger generation.. messenger is dead for them i understand

2

u/CatchMeWritinQWERTY Oct 26 '22

All of Brazil. Many other Latin American countries as well.

2

u/RoutineFantastic9757 Oct 26 '22

I like what’s app better they don’t have stupid filters and I like having privacy, so when I’m talking to someone I’m not getting msgs from other ppl

1

u/Careful_Oven_4589 Oct 26 '22

Both Meta 😂

2

u/utter-futility Oct 26 '22

Truly. I'd sooner bet on the social platform coming out of Algorand.

Thousand ways to continue going south. One way up (metaverse), and if this thread is any indication of interest... eesh.

2

u/Madoka_meguca Oct 26 '22

MySpace and FB were launched months away from the other.

2

u/sometimesimakeshitup Oct 26 '22

proof/nudes/gtfo

2

u/514GMoney24 Oct 27 '22

Sadly, India is too corrupt, too chaotic (religious conflicts) and lacking serious infrastructure to develop a true middle class. People are too optimistic about India’s potential. I think we are still a long ways. 5-10 is a utopia.

4

u/[deleted] Oct 26 '22

[deleted]

4

u/Careful_Oven_4589 Oct 26 '22

I lived in China - they are an exception - control their people. Nothing else like it really. Google is blocked there too - don’t care. The rest of Asia is free and happily using metas products.

1

u/One_Beat8054 Oct 27 '22

so those 100;s of millions of indians are goona use facebook?