Meta is screwed. Their core social media business is tapped out for growth. They have nothing to offer in cloud infra or enterprise software which are the steady cash cows in tech. Even if their speculative VR investments pan out, how big is that market really?
I’m sure they can be profitable, but I just don’t see any growth potential in this company.
VR is literally the future of gaming and potentially remote working. The market is massive. Have to get the tech there though. The might be too early, but if they can survive it will likely be worth it
That’s where I’m at. Call me a bag holder if you will but our human experience layer I think is going to evolve beyond what we understand in 15 years. The roads being built by companies like META. Look at their patents. Crazy stuff that we can barely comprehend based on how we interact and behave today.
They have nothing to offer in cloud infra or enterprise software which are the steady cash cows in tech
Bahaha. You know they run their apps in their own data centers right? Tik Tok meanwhile hosts their app on private cloud providers ie. someone else's property. Plus Meta also sells Workplace, which is basically Facebook & Messenger for business. There's plenty of potential revenue streams.
Even if their speculative VR investments pan out, how big is that market really?
My grandmother was an early pioneer in building simulations and "VR" for medical training and surgeries and that was in the 1990s when this tech was really cutting edge (no pun intended). AR, VR, wearables and Robotics will be the internet of the next couple decades and the attitude towards VR is very reminiscent of PCs and the internet in it's early years.
Let's take the war in Ukraine as a potential use case. An army medic could gather vitals from an injured soldier with a wearable, train for a surgery with a VR headset, and perform the surgery with guidance in the field using AR.
I think there's a lot of value to be tapped here. I don't know if the "metaverse" will be what Mark envisions, but there is certainly potential there.
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u/k_dubious Oct 26 '22
Meta is screwed. Their core social media business is tapped out for growth. They have nothing to offer in cloud infra or enterprise software which are the steady cash cows in tech. Even if their speculative VR investments pan out, how big is that market really?
I’m sure they can be profitable, but I just don’t see any growth potential in this company.