Been a lot of talk about unhappiness from the share holders especially after the legal trail and the revelation of the additional billion invested in OVR. But MarkZ is Teflon at the moment so I would not be surprised if he weathers this storm. Regarding any fall back for OVR.... yeah I think there will be a greater impetus to tighten all the ships, and possibly secure better control - makes me think more on that suggestion of Facebook VR re-branding. Though OC5 will be a interesting stage opportunity for MarkZ!
From what I can make out the share price fell directly after Facebook announced lower than expected user growth so that's probably the reason rather than previous issues about security or legal fights as those issue must have already had their effect on shares.
It seems share price has fallen to the level they were at in May so if you're of the opinion that share price effects VR investment then those concerns would have applied back then unless I'm being too simplistic.
If anything the need for Facebook to invest in new ways to socialise is more important then ever, if the problem is that they're getting to the point where most people who want to use Facebook are already using it.
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The price of a company's stock has zero relation to the profitability or actual value of the company. It's all just monopoly money that's bought/sold on speculation. Most of that speculation is not rational. The only time the stock price has any impact on a company is when they need to raise money by printing more shares and selling them. I don't expect this particular drop to have any impact either short term or long term.
Yeah I got a little concerned after hearing this, if that was going to affect say a CV2 going forward, sure hoping not. I am pretty sure OVR knows they have a "golden goose" with their VR ventures. They need to grab it and hold on through both the ups and downs.
Don
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Zuckerberg also owns instagram, which is now worth more than 100 billion dollars.
Dropping pocket change in the couch usually doesn't make someone go belly up, na' mean?
I mean look at HTC, they are still doing fine even though they have been "negative" revenue for years. Even with this market share loss, Facebook is still making positive revenue.
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I think it will not hurt VR production and all. Facebook wants to get into our brains for world domination - there's a price to pay for that and stuff.
Excuse my bad english. I speak to you through the google translator. :P
In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.
"Presently developing a VR project (outside of my profession) due to the lack of availability of what I would like to experience" Details soon...don't want to spill anything just yet!!
Zuckerberg also owns instagram, which is now worth more than 100 billion dollars.
Dropping pocket change in the couch usually doesn't make someone go belly up, na' mean?
I mean look at HTC, they are still doing fine even though they have been "negative" revenue for years. Even with this market share loss, Facebook is still making positive revenue.
Wow, I didn't realize 120 Billion dollars with a "B" was pocket change. If I were him I can't help but think the thought "Damn 120 Billion lost in 1 day, that exceeds the value of Instagram by 20 Billion dollars!" and not "Oh well, it was 120 Billion, that's pocket change" would be running through my head when I was able to draw my focus off the many ulcers that developed over night. And here I am, I had to back out of my McDonalds Sausage McGriddle aquisition today because I am short 35 cents for the tax.... My deal was literally killed due to a lack of "pocket change"
In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.
In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.
I don't give 2 shits as long as it doesn't hurt Oculus R & D
I agree, it's the shareholders that become concerned. The problem with such huge corps now-a-days is some are approaching 1 trillion dollars, so even a small % drop can cause serious repercussions in the stock market for those who own much. One of my friends was loosing $35k per day during the last serious stock market crash...he has long since recovered...after riding through the storm. His comment was: 'If I don't have the cold hard cash in my hand, even though there is a digital number stating what I have...it can be gone in an instant...and there's no way of getting back unless something recovers'... That is the only way to really look at it, without worry, and to ride the stock market...it is very volatile. FB is a prime example of how things can change over night...and as large corps grow larger...things are just going to get all the more volatile for those who play the game.
"Presently developing a VR project (outside of my profession) due to the lack of availability of what I would like to experience" Details soon...don't want to spill anything just yet!!
But it's 120 billion that was gained since May. I don't think he was jumping around shouting about that gain, any more than he's now miserable about the loss. That's total share value by the way, not what he lost.
Prices go up and they go down, no big deal for him bearing in mind what he's gained since the start. Perspective is a wonderful thing.
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If reason, and pragmatic decisions rules the board rooms of modern America the tech industry would be a happier place, but as we have seen (such as with ML), rash and poorly judged decisions and greed steer a lot of outcomes. Its difficult to see who could lead FB after MarkZ, and if the board did take away his ability to steer new investment would he stay? But for OVR, the issues shaping its future have more to do with the reactions to the launches planned in the next 12-months!
Totally agree, Oculus' future depends on Oculus. Maybe over the next year or maybe they'll be even more sensible and keep the investment bullish for 5 years. I'd say VR needs that length of time before the arguments over its future go away.
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I agree @DaftnDirect - but I do not think the consumer VR community will be given five years (no matter MarkZ's estimation really were on mainstream adoption!) The knives are out, and a lot rests on can the next hardware releases find a strong market adoption. We all watch OculusGO's holidays numbers with great interest.
Wow, I didn't realize 120 Billion dollars with a "B" was pocket change. If I were him I can't help but think the thought "Damn 120 Billion lost in 1 day, that exceeds the value of Instagram by 20 Billion dollars!" and not "Oh well, it was 120 Billion, that's pocket change" would be running through my head when I was able to draw my focus off the many ulcers that developed over night.
Zuckerberg's net worth went from being the "3rd richest man on Planet Earth" to the "6th richest man on Planet Earth."
That's not a metaphor either. Even after all this news... when we look at everyone on our Planet, Mark Z. is now in 6th place in terms of overall wealth. That's the "6th wealthiest person out of 7.5+ billion people."
There was more of a chance that Facebook's VR efforts would topple over after the ZeniMax trial, and look how that turned out: Now we have the Half Dome Prototype and we've spent the entire weekend running around VR in Superhero tights.
Tough times indeed
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In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.
I don't give 2 shits as long as it doesn't hurt Oculus R & D
I agree, it's the shareholders that become concerned. The problem with such huge corps now-a-days is some are approaching 1 trillion dollars, so even a small % drop can cause serious repercussions in the stock market for those who own much. One of my friends was loosing $35k per day during the last serious stock market crash...he has long since recovered...after riding through the storm. His comment was: 'If I don't have the cold hard cash in my hand, even though there is a digital number stating what I have...it can be gone in an instant...and there's no way of getting back unless something recovers'... That is the only way to really look at it, without worry, and to ride the stock market...it is very volatile. FB is a prime example of how things can change over night...and as large corps grow larger...things are just going to get all the more volatile for those who play the game.
Yup. This is known as HODL (Hold On for Dear Life). Applies to any sort of investment, including cryptocurrency. There are going to be plenty of people as sick as dogs in a few years due to not having the balls to keep hold of their Bitcoin when the market had a rather large bear run.
"This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."
the interesting thing I read in one of the articles about this was that Facebook/Zuckerberg had come out a few weeks ago and warned everyone that the growth results would show a shrink and no-one took any notice until now; doubt it'll have much impact on anything. people see/believe what they want to and ignore the rest
Though you are more than slightly incoherent, I agree with you Madam, a plum is a terrible thing to do to a nostril.
Stockholders won't be happy with the CEO that is for sure, could this be the end of Zuckerberg, maybe.
The end of Facebook would indeed, at least to me, be a very very VERY good thing. As long as this doesn't affect Oculus and their products of course. Even with FB gone Zuck can still fund Oculus....at least for a good long while hopefully.
That's a huge chunk of "pocket money" now gone though. Wonder how he will compensate for it.
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Comments
From what I can make out the share price fell directly after Facebook announced lower than expected user growth so that's probably the reason rather than previous issues about security or legal fights as those issue must have already had their effect on shares.
It seems share price has fallen to the level they were at in May so if you're of the opinion that share price effects VR investment then those concerns would have applied back then unless I'm being too simplistic.
If anything the need for Facebook to invest in new ways to socialise is more important then ever, if the problem is that they're getting to the point where most people who want to use Facebook are already using it.
EVGA Z390 Dark MB | I9 9900k| EVGA 3090 FTW3 Ultra |32 GB G Skill 3200 cl14 ram | Warthog Throttle | VKB Gunfighter Pro/MCG Pro grip | Crosswind Pedals | EVGA DG 87 Case| Rift S | Quest |
Thomas Covenant, Unbeliever
Catch me on Twitter: twitter.com/zenbane
A little dusty but still works fine.
Prices go up and they go down, no big deal for him bearing in mind what he's gained since the start. Perspective is a wonderful thing.
Tough times indeed
Catch me on Twitter: twitter.com/zenbane
Yup. This is known as HODL (Hold On for Dear Life). Applies to any sort of investment, including cryptocurrency. There are going to be plenty of people as sick as dogs in a few years due to not having the balls to keep hold of their Bitcoin when the market had a rather large bear run.
Thomas Covenant, Unbeliever
a plum is a terrible thing to do to a nostril.
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https://forums.oculusvr.com/community/discussion/comment/576128#Comment_576128
And there wasn't a double negative failure in my post.
Thomas Covenant, Unbeliever