Discussion

• @sadlyitsbradley Brad Lynch on x

  Mark Zuckerberg just now in the Q4 Earnings Call: Later this year, we will launch our next gen consumer headset that will feature Meta Reality features

• @jonmayowriter @jonmayowriter on x

  @cesarberardini @SadlyItsBradley Valve Reality (V.R.) is missing in this picture!

• @tojiro @tojiro on x

  @SadlyItsBradley Could still do the Quest 2 thing and move the optics even if the screen was single fixed panel. A wheel would presumably allow for more intervals than the 3 you get with the Q2 today, which would help some people. Does sacrifice some screen resolution.

• @sadlyitsbradley Brad Lynch on x

  Meta announced fourth-quarter revenue topped estimates and announced a $40 billion stock buyback Their Reality Labs segment also had less income and revenue in 2022 vs 2021 Earnings: $1.76 per share vs $2.22 expected Revenue: $32.17 billion vs $31.53 billion expected https://twit…

• @mikeisaac @mikeisaac on x

  first earnings call with new-ish COO Javier Olivan in attendance.

• @_jamesoloughlin James O'Loughlin on x

  @SadlyItsBradley Why use a dial for transitioning between AR and VR? What affordances does .5 of MR afford? Likely a Reality button (like on the Magic Leap 1) is more appropriate. Dial is probably for volume? 🤷🏻‍♂️ if it isn't for IPD.

• @jowens510 Jeremy C. Owens on x

  But Wall Street doesn't care anymore because Zuck promised a $40 billion payoff. https://twitter.com/...

• @cesarberardini Cæsar on x

  @SadlyItsBradley They're just preparing for Apple Reality (A.R.)

• @hayskali Kali Hays on x

  Facebook/Meta stock is up 13% after hours (highest in 7 months). Quite a bit to please investors. Called out the fact that Nov layoffs impacted Metaverse/Reality Labs. Cut spending outlook by at least $1 billion (to $30-33 billion from $34-37b). Mention of even more poss cuts:

• @jonmayowriter @jonmayowriter on x

  Zuck really loves VR. No one asks about Reality Labs in the Earnings Call Q&A, and Zuck finds a way to talk about it in the end.

• @lexnfx Alexei Oreskovic on x

  Meta CFO just confirmed that Reality Labs losses will continue to grow in 2023. So that means Reality Labs will lose at least another $13.7 billion this year. wow.

• @investorvideos @investorvideos on x

  $META VR “Reality Labs” is still a disaster. Revenue DECLINED Y/Y on both a quarterly and 12-month basis. Loses accelerated to $4.3B in Q4 vs $3.3B a year ago. If Mark had invested into an AI chatbot the stock would be $400+

• @macton93 Michael Acton on x

  Meta reports 4.3bn operating loss for Reality Labs, but it's “actively reevaluating projects” to cut costs. At the Within trial, Zuckerberg suggested he wouldn't have made a bid for the company if things looked the way they do right now (reportedly $400m +).

• @sadlyitsbradley Brad Lynch on x

  Meta reality means mixed reality :)

• @larrycheungcfa @larrycheungcfa on x

  Let's say $META tonight decides to scrap their entire Metaverse plan and completely reign in spending on Reality Labs If such is the case, my bearish view on the company is invalidated. Shares could pop Absent this, I think $META is in secular stagnation with their Ad product

• @hyounpark Hyoun Park on x

  Imagine a startup going through $30 billion in funding, still barely having a business, and then getting another $15 billion this year with no roadmap for@immediate growth. Welcome to Meta Reality Labs, an organization that could never be feasible anywhere else. https://twitter.c…

• @macton93 Michael Acton on x

  Zuck asked about efficiencies vs massive bet on metaverse. He says no signals suggest shift in the long-term plan here. “Phase change” for company after years of high growth though.

• @hrafntho Hrafn Thorisson on x

  @_jamesoloughlin @SadlyItsBradley Possibly a gradual transition. -> virtual reality -> Mix real world humans & objects -> Increase range of objects mixed -> Decrease background transparency -> augmented reality Where the more you crank the more it blends. Mainly talking Apple. Un…

• @waitcapital @waitcapital on x

  So $META buries the losses in Reality Labs? lol

• @scobleizer Robert Scoble on x

  I will have it at Christmas sitting next to the Apple. No one will care about trying the Meta if they visit for Christmas dinner. https://t.co/XjjbvX2Ol8

• @cesarberardini Cæsar on x

  @JonMayoWriter @SadlyItsBradley A.R. Apple Reality V.R. VALVE Reality M.R. Meta Reality 🤯

• @sadlyitsbradley Brad Lynch on x

  I have to come clean. They seem to be using a single display for Quest 3 these days. So I have to question something: What if the dial on the Stinson CADs are actually copying the reported dial that switches between AR and VR like the Apple Headset has? 🫥 https://twitter.com/... …

• @smdiehl Stephen Diehl on x

  Yup, just keep lighting cash on fire to build a video game that no one wants. This is a brilliant business model. https://www.cnbc.com/...