Imagine buying Facebook at sub 14 PE. I already own some but otherwise I would be buying it. It reminds me of BABA which has dropped in recent months as well.
Facebook are doling out upto $35000 to content creators of their new reels. Clearly paying out alot for market share to take the brand global. Can they out perform TikTok. Only time will tell.
I was reading something the other day about how Reels on Instagram was the more curated version whereas Tiktok is where you go to let your hair down. Despite their similarities I guess influencers / creators care more about what they put on their IG Reel grids. Not sure about the terms but maybe that $35k is just meant to help those who take themselves very seriously to purchase the appropriate equipment so that they can churn out curated content which the creators themselves and possibly their followers will come to regard as higher quality content. It could also be something where Gen Z (or whatever theyâre called nowadays) would grow up and migrate to IG because it is a more suitable platform.
I wouldnât say I am bullish about FB, but I will not be so quick to sound the gong for a business that has ~3 billion users globally. Besides weâve been here before at least twice in FBâs time since they got listed, third timeâs a charm
I donât think Facebook is a squeezed lemon, there is more juice and it might be a good performing stock over a few years but I see them more like IBM - the old guard who have got fat and lazy.
What was the last product that Facebook launched that was unique, not copied or acquired. Portal? I love portal but user collectively said âNah, I donât think I want Facebook to have cameras in my homeâ theyâre happy to have Google (Nest & Google Home) & Amazon (Alexa & Ring) on their sideboard - that speaks volumes. I donât seem them as creative enough to pull of Metaverse and thatâs without having an argument about wether their is a market and if there is would it be adopted?
They want to create genuine connections between people through a VR experience yet lock down has shown us that what people crave more is genuine interactions not more tech substitutes. This piece says a lot about the flaws with a Metaverse, you have to build in a 4ft exclusion zone to stop people groping strangers?
I watched the 1 hour Facebook keynote on the metaverse and Iâm definitely not writing it off. Even though itâs a long way off, thereâs a lot of smart people working on it and Facebook must have some reason to commit that much resources, which I doubt is just âdesperationâ.
I can see people using it to have meetings around the world, who would have thought we would have transitioned 90% of meetings to video calls in the last 2 years, but it works.
Which employer is going to use a platform that have already stated theyâre planning on taking more user data than theyâre do already. Especially when you get Teams for free & Microsoft have hololense if you want something technically capable.