Google Glass didn’t exactly set the world on fire. The privacy of non users was a serious concern at the time. It would be even more so with these (awful looking) things…
Agreed, and I imagine some people using them in a pervy way which will soon bring bad PR. What’s the fascination of publishing everything in your life for some people? A sad sad state humans are in.
I feel like a product like this is just R&D like “just get something out there”. Then they will learn from it and be able to develop a better product ix future and see what works well with people.
They’re probably not trying to make massive revenue with this, just covering their costs and if 1,000 x people buy it then they can get some good data.
Quite disappointed with this
They should have built in AR capability
There is no way this is worth the same amount as oculus rift 2
Snap spectacles came way before and have kind of flopped so what is the point?
They know what they’re doing and they don’t care.
Like the worst aspects oil & tobacco but aimed at teenagers.
- A 2019 presentation slide said: “We make body-image issues worse for one in three teenage girls”
Sometime you double take, no that is an actual headline.
The product looks like a mental health version of tobacco.
That’s why we love the stock
Edit: just read a bit of the article, don’t agree with that!
One reason I won’t use FB and InstaGram
I was making a joke. For an investor with no regard for ethics, this is a good thing. But, reading the article, it seems pretty messed up but not that surprising.
I’m holding my shares anyway, I don’t invest “ethically” but for gains.
I read your post again and realized what you wrote, and realise I agree
I have amended my earlier reply.
In good conscience I cannot slam FB while owning their stock so don’t. It’s almost a pastime for me but sometimes they make it too easy!
I’m sure people got rich off Purdue Pharma & Philip Morris but I’ll find out ways of building wealth.
I can sit smug not having shares or an FB account of any sort Apart from the ethical issues, the only only reason I didn’t invest is because I see it one day collapsing like Friends reunited. It may be slower as it is so big but I think the dominant position will end sooner or later. Just plenty of better shares to buy in my opinion.
Facebook isn’t “facebook.com” though, it’s a corporation with many different diversified products: Facebook, Instagram, WhatsApp, oculus.
Found an article from 2019, Instagram is 30% of its revenues, I would image Facebook.com is around 50% and probably decreasing over time as they diversify with newer products. I’m investing in the company, not the product.
Satire is impossible when write it themselves!
“Facebook is struggling with “global teen penetration”
One thing that I read about Facebook that stuck with me is they always push it too far with privacy concerns, then when they receive the backlash they push it back a little bit, but still make progress. That’s how they progress.
2 steps forward and 1 step back.
Until ethics become more important in business, the fewer ethics a company has, the more competitive they advantage they have in business.
Still holding my one share:
Facebook, IG, WhatsApp and Messenger down for over an hour and the stock is down 6% today.
Ads platform is down too
Oculus as well
Can the games be played offline when the service is down?