No cloud, no enterprise software, no phone or mass market devices, no browser, no smart home , no ai assistant. Facebook and Instagram are huge cash cows, but they got to get something else.
You have 3-4 B people on your platforms vis WhatsApp/ FB/ Instagram. 3 products that are used daily by users with tons of ad options. What else you need??
Shareholders won’t be happy with 3-4B. Wall St wants growth YoY which is not going to happen. Company is going to be dormant if not dissolved.
There’s a difference between constant stock growth and stable revenue. Even though our revenue did decline, it’s still enormous. Wall Street doesn’t matter if you ignore the stock price
Meta is lucky they were allowed to buy WhatsApp and IG or else they’d be finished.
Or Instagram would be finished if it were not acquired by FB. Not likely but that’s a possibility too.
> They got to get something else. Metaverse: **awkward** On a serious note, they did try mass market devices with Portal.
As much as I like quest, objectively it’s not a formidable source of revenue yet. And probably won’t be for years. It’s also subsidized, even at $400.
They have ads and data to use to target them. Everything else is a vehicle for showing the ads and collecting the data. No different than Google.
Google has android and Chrome and chromebooks and Google cloud and workspace as heavily used apps beyond search.
Android and chrome are ways to show you ads and/or collect your data. Chromebooks are an access point to other Google apps... That show you ads and/or collect your data. GCP and GSuite are different, but also a quite small percentage of Google's revenue.
The have enterprise services. Workplace is being used by large companies including McDonald's, Walmart, Dominos, and Starbucks. They found their niche - Slack for blue collar workers who don’t have corporate emails. They also have a lot of business to consumer plays, Kustomer is one of them.
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It’s a risk, but it’s overstated. The network effect of this is going to be ok.
Ignore the risks, you will definitely pay. Meta as a company and stock is trash