META’S future - Mark Zuckerberg lays it out

https://finance.yahoo.com/news/mark-zuckerberg-lays-out-the-future-of-meta-140009379.html?.tsrc=fin-notif

Precursor – please take a moment to go thru the linked-article and form your own opinion first ok. Tks.

In trying to claim a major stake in Metaverse, META or Mark Zuckerberg has burnt :

2019 - 4.5 Billions

2020 - 6.6 Billions

‪2021 - 10‬ Billions

2022 - ???

21.1 Billion in the preceding 3 years in research & development (R&D).

Do you think its money well spent OR is Mark speculating META’s relevance by staking it in a very unpredictable future (of Metaverse); where there is no telling for sure if it is going to be the de-facto Universe that all mankind (or at least the younger generation) will seek refuge in.

Question of how much resources spent in (for example) 2019 R&D is still relevant and is part of whatever prototype built ? Same goes for money spent in 2020 & 2021. These are important questions to ask and to know because a company’s profit will not last forever if outflow is greater than inflow – simple Maths. Furthermore, META has already been dealt with two major blows in terms of capitalizing on data being collected and mined. 

This came about as a result of Apple and Google empowering consumer to exercise his/her rights on protecting its own data. I am sure everyone would have come across all websites seeking permission from users on whether his/her data could be tracked or mined in the privacy/cookies options setup.

For those who are still holding META shares – is it time to re-review and re-assess your holdings and decide whether to continue to hang onto a sinking Titanic (at least that’s how it appears to me) ?

Also what is Mark's Plan B if the Metaverse venture does not take off OR take off without a Bang? What then foe META? 

Guessed you would’ve known the matching song will be – My Heart Will Go On (theme song from movie Titanic) by Ms Celine Dion.

# 💰 Stocks to watch today?(06 Nov)

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  • MyrnaNorth
    ·2022-06-22
    The VR market is currently small, and there are questions about how big it could get. Meta currently dominates headset sales. Meanwhile, investors are skeptical about Meta’s pivot away from its core business of ads and apps.
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    • JC888
      Its a gamble on company's future into next phase of social-human interactns. If news articles saying Metaverse will mature in 10 - 15 yrs,  Questn, is  Meta pocket is deep enuff to last till then
      2022-06-22
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  • CatherineGunter
    ·2022-06-22
    If Zuckerberg succeeds in making head-worn computers mainstream, then Meta would have a new revenue stream of hardware sales, and it would control its own hardware platform
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    • JC888
      There is review and talk that Google glass instead of Apple (Oculus) goggle ware is more practical n comfortable... The battle continues...
      2022-06-22
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  • HSTew
    ·2022-06-22
    I am trying to relate Metaverse with Matrix that enable human to live in a virtual world that he/she wants.
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    • JC888
      And like movie Matrix, it comes with its inherent risks n issues. No govt or help group will be able to extend a lending hand becos Metaverse is no man's land...
      2022-06-22
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  • LeilaLynch
    ·2022-06-22
    when all are too pessimistic, time to buy, look their last earnings, still big free cash flow and big earnings power.
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    • JC888
      Therein lies the difference betw Asian n non Asian in terms of savings, spending n danger zones... Whahahaha
      2022-06-22
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  • x2espresso
    ·2022-06-22
    just imagine one day we suddenly have no Facebook and ig.
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    • JC888
      Impossible. In any new adoption it will always be less than 100% and after a while there will be alternatives... And then there are those who remains status quo...
      2022-06-22
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  • Dollydolly
    ·2022-06-22
    It's just an idea, really takes effort to make it happen.
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    • DollydollyReplying toJC888
      yeh, device pricing needs to be serious.
      2022-06-22
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    • JC888
      How much is Meta willing to burn to realize Metaverse and more importantly get everyone excited n involved. Device pricing is a main factor. Too expensive it will not have critical mass required.
      2022-06-22
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  • BellaFaraday
    ·2022-06-24
    You don't seem to like this company very much.
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    • JC888
      Not at all. Used to like FB until the recent whistleblowing incident. If I were younger what happened may not matter that much.. LOL..
      2022-06-24
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  • Maria_yy
    ·2022-06-24
    Investing in META is a bit risky right now.
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  • DonnaMay
    ·2022-06-24
    Don't worry, I'm sure Zuckerberg has a plan.
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  • PandoraHaggai
    ·2022-06-24
    Your post gave me quite a reminder, thank you.
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  • HilaryWilde
    ·2022-06-24
    Metaverse's future is uncertain.
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  • CynthiaVogt
    ·2022-06-22
    More billions will be burned
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  • Vincent1968
    ·2022-06-27
    like
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  • JTC
    ·2022-06-24
    ok
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  • DQS4288
    ·2022-06-24
    👍🏻
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  • Ben Ang
    ·2022-06-22
    Ok
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  • Vincentwong
    ·2022-06-22
    Ok
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  • seejay
    ·2022-06-22
    meta ftw
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  • AS78
    ·2022-06-22
    Ok
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  • David324
    ·2022-06-22
    ok
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