I don't if it is game related but I think it is somehow 
news.yahoo.com
Meta's Metaverse Division Reports $3.67 Billion Quarterly Loss
Meta's overall third-quarter losses are $600 million more than expected.
Meta's Metaverse Division Reports $3.67 Billion Quarterly Loss
- Thread starter ethomaz
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Interesting... I didn't look at the stock but saw a tweet about their spending being worse than Meta's....
Honestly don't have much faith that VR is going to be anything but a decent niche for companies like Sony trying to carve out a couple extra billion for gaming.
The Meta's of the world aren't interested in that, they want the next $50+ billion "thing"...
So does MS with Gamepass though, and they heavily missed their subscriber targets... suggesting what I've been worried about.. that they have way overshot their load thinking Gamepass and specifically game streaming would take off. They aren't in that business to make a couple extra billion in gaming.. they are in it to create the next 10's of billions of dollars revenue stream for MS. I think they have a lot of patience for it though, but I imagine nobody is happy with the recent tapering off... as Phil Spencer said in an interview they think they've nearly maxed out their console userbase subscribers... meaning, they are sitting around waiting for game streaming to take off big and have people spend $15 a month to stream games to their phones by the 10s or really 100s of millions.
The Meta's of the world aren't interested in that, they want the next $50+ billion "thing"...
So does MS with Gamepass though, and they heavily missed their subscriber targets... suggesting what I've been worried about.. that they have way overshot their load thinking Gamepass and specifically game streaming would take off. They aren't in that business to make a couple extra billion in gaming.. they are in it to create the next 10's of billions of dollars revenue stream for MS. I think they have a lot of patience for it though, but I imagine nobody is happy with the recent tapering off... as Phil Spencer said in an interview they think they've nearly maxed out their console userbase subscribers... meaning, they are sitting around waiting for game streaming to take off big and have people spend $15 a month to stream games to their phones by the 10s or really 100s of millions.
Intel is down but profited.
$1b GAAP + $2.4b non-GAAP.
Plus they announced $10b in cost reduction for 2023 to 2025 that is what made share go up… they set a strong plan based in efficiency.
The revenue and profit down were what analysts expected... no big surprise.
Intel expect more economy uncertain in 2023.
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Yea, I read up on that earlier and that's a huge miss! Stocks are already in bear market territory with some losing 80% of their value since this year began.
Nothing last forever. Facebook itself seems like it’s becoming less relevant than ever.
To me it seems like users prefer the pocket sized shorts of Instagram, tik tok and Twitter.
I don’t buy metaverse. And until MS or meta nail some government contract in this space to bring public education into it… it’s a non mover imo (and that’s something I’d hate to see but inevitable).
I love seeing these giants fail some times… especially when I’m not a fan of their products to begin with.
Hopefully Disney takes a shit next
To me it seems like users prefer the pocket sized shorts of Instagram, tik tok and Twitter.
I don’t buy metaverse. And until MS or meta nail some government contract in this space to bring public education into it… it’s a non mover imo (and that’s something I’d hate to see but inevitable).
I love seeing these giants fail some times… especially when I’m not a fan of their products to begin with.
Hopefully Disney takes a shit next
11k people will be fired.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LMUTOL6OEJNGZBBZL6URTFE6YQ.jpg)
www.reuters.com
Meta cuts 11,000 jobs as it sinks more money into the metaverse
Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation.
www.reuters.com
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Agreed, shit product. The only reason why I keep my facebook is because my grand parents use it and being on a different country, it's the best way we have to communicate (messenger). Other than that, I really don't care about it.
Facebook was awesome to find and talk with far away family or old college friends.
Said that it is too Ad focused with videos each two posts today that the original purpose is lost… I barely enter there… sometimes a month without enter… I still enter when my wife post my child pics from her cellphone.
Sure Facebook is kinda obsolete and most people prefer micro media snapshots of their lives on IG, TikTok and whereever else you can go to see cat pics and titties.
But… I meant Metaverse. It’s garbage, it’s a giant flop and no one gives a shit. It’s video game software being passed off as a service of some kind when any mmo or animal crossing is bound to do it all better.
Well not until they score that government contract for meta (or zoom) school forcing poor parents in poor neighborhoods to stay home and not be able to work so one zoom teacher can fail 200 kids at once than 30 so education will no longer provide its other primary function; daycare…
I’m rooting for monumental failure. Let’s go!
But… I meant Metaverse. It’s garbage, it’s a giant flop and no one gives a shit. It’s video game software being passed off as a service of some kind when any mmo or animal crossing is bound to do it all better.
Well not until they score that government contract for meta (or zoom) school forcing poor parents in poor neighborhoods to stay home and not be able to work so one zoom teacher can fail 200 kids at once than 30 so education will no longer provide its other primary function; daycare…
I’m rooting for monumental failure. Let’s go!
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I only ever use the messenger app and the marketplace.
I also took the time to unsubscribe from all posts and notifications to be sure not to fall into doom scrolling.
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