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by duud 1314 days ago
The only meltdown is the stock price. FB is still the most popular social network in the world. Insta is likely second. Quest has outsold Xbox and is on the way to outselling PlayStation.

$27 billion in revenue from three billion daily active users last quarter. Bytedance by comparison lost $7 billion last year. Meta Reels are being shared one billion times and viewed 140 billion per day. As much as the biased media wants it to be true, Meta isn't going anywhere anytime soon. Consumers couldn't care less about the stock price.
2 comments
SoftTalker 1314 days ago
Facebook has jumped the shark with Metaverse. Have you seen those ads they are running? A bunch of people sitting around a table and instead of talking to each other they are all wearing these ridiculous goggles? Can you imagine anything like that happening in real life? It's absolutely absurd.
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duud 1314 days ago
Meh big companies run cringe ads... Yes, I have a Quest and have had fun with friends over. Multiple Quests would be even more fun, space provided. You can talk and use the device at the same time. Much like you can play chess, PlayStation, etc and talk.

They've sold millions of units and reported $1.5 billion of sales on the Quest store so maybe it's not so absurd.

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bergenty 1314 days ago
The stock price will come back up. Everyone uses Facebook a little bit, it’s ingrained into peoples lives at this point.
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