Honestly love to see Meta losing money. Zuck is a parasite on this nation. A cancer.
Zuck read Ready Player One and wants so badly to be James Halliday. He just wants to be loved. 🤣
Well he’s missing the point then. He wants to be on the software side of things not the hardware side.
They need to actually create a decent experience and then make it accessible to everyone. That’s how you make money.
The quest probably has the best experience though, it’s really easy to setup and works both standalone or connected to PC via cable or wifi 6, there really isn’t anything as easy and accessible as it.
I’m surprised they made 440m. However, investing in r+d is not unusual. This amount is not a huge investment for them based in overall revenue.
Yeah. Come back in 10-15 years when half the world is using it or a successive product and people will be posting articles like these laughing at them like they do with the ones saying the internet or cell phones will never catch on and surprisingly no one will open up and admit they were the ones denying it would come. Meta has the money, they don’t care how much they spend, as long as they can get in and corner the market early they will make it back many times over in the years to come… assuming climate change or nukes don’t make it impossible of course.
If you report a loss you don’t pay taxes. Or something like that I’m not an accountant.
Bezos actually was refunded tax $ one year
Write-offs are entirely misunderstood by people. Writing off losses doesn’t magically make loss profitable.
I’ll use myself as an example. I teach underwater photography at a university as a side gig. Last year I made about $3,000 teaching the class, and I also spent about $1,000 on underwater camera gear for the class. Because of that I get to reduce my taxable income by $1,000, so it’s as if I made $2,000.
At my tax bracket a write-off reduces my income taxes by 22% of the expense. So on a thousand-dollar purchase I’m still losing nearly 800 bucks.
And you still have the value, nobody takes it away from you and you propably can sell it without loss which makes it still a good deal.
Of course it’s better than not having the write-off. But it’s not like it’s free.
Business expenses aren’t profit so they aren’t taxed because it’s money you didn’t actually make.
Since most businesses operate on a small margin, removing tax deductions would make tax burdens higher than profits.
And it’s not like that camera lens isn’t being taxed. I’m buying it from a company that pays taxes on its profits and payroll and whose employees pay taxes, and on top of that I’m paying sales tax (to a different entity of course).
Business are business… sometimes you win sometimes you lose but not always it’s about winning in the short term…
So what? R&D expenses aren’t supposed to turn an immediate profit. Developing a new technology can take years before it’s earning money, and some never do. I’m all aboard the “hate meta” train, but that’s nothing.
They “lost” 4 billion dollars like the Pentagon “lost” 12 billion dollars in Iraq?
I guarantee you that Meta has become the biggest Top Secret spying agency for the US government.
All that money got “lost” into straight up spying programs.
You guys do this like every quarter lol
heres hoping they fail 🤞
Imma say nah. Competition is good, and this space needs more competition.
they aint in the game to compete, if their past is any indication they will cheat, dominate and make it awful for everyone.
So everyone has to succeed for it to be competition?
Would a football game be good for the fans if one side didn’t show up?
wut? How is that a response? I am asking if everyone has to succeed for it to be competition. So your analogy should be ‘would football be a good game if both sides won?’
Alright, well you’re a dipshit. Moving on.
…I see…
Depends; is the one team still gonna play and pretend like the opposition is invisible while pratfalling tackles and such? That might be kinda fun to see at least once.
Yeah I’ll give you that.
You reckon Apple made money on it’s VR division either?
Almost nobody is making big money on VR, because nobody wants to work together to make it into a widely compatible common standard. If you could have one headset that worked on all platforms, for a reasonable price, you’d get a lot more take up, and nicer headsets costing more would make more sense.
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Take a look at Meta revenue numbers, they can afford billions in R&D investment just fine. I’m not sure what market share you’re talking about but there’s plenty of money for them to afford the VR research they do.
Meta is valued at 1.12 Trillion, which, sure, is only ~1/2 of Apples 2.6 Trillion… but Meta could invest in VR for the next 20 years without feeling the pain.
I do love my Q2 and Q3, and hope they keep pushing VR forward, which is the main (maybe only) reason i was happy to see apple join the competition.
I can’t believe I’m saying this, but these companies need to pay more taxes. Losing $3.9 billion dollars on a stupid vanity project because they have nothing else to spend it on is ridiculous. Higher taxes would at least force them to be more efficient.
You’re not really talking about higher taxes, you’re talking about reworking the corporate tax system. As things stand now higher taxes would encourage more of this sort of behavior, not less.
Corporations only pay taxes on profits, so money spent on business activities, re-invested back into the company, paid to employees, etc. is not taxed. In this system, taxes are kind of a penalty paid for taking money out of the business; the higher taxes are the less incentivized profit-taking is.
If your company made $100 million in profits at a 20% tax rate you get to take home $80 million as opposed to re-investing $100 million back in the company and not paying any taxes, so the incentive to re-invest isn’t very high. But if your company made $100 million in profits at a 40% tax rate now you can only take home $60 million as opposed to re-investing $100 million, which becomes a much better value proposition on re-investment.
Many people have no clue how taxes work, but darn it, they wanted them raised. It just encourages other behaviors, such as offshoring money, as many companies do. We really need a complete write of the tax code to encourage paying workers well, creating jobs, etc and less focus on avoiding paying the taxes. I don’t care if a company makes billions in profit if their workers are all paid well, treated well, etc. We will make it up with them having money to spend in the economy.
I am still not convinced VR is a worthy technology outside of a few niche uses. I went to the verge when that was open and that was pretty cool. At home is nothing like that.
Whether VR works for Meta or not, they have invested in technology and built careers for employees. This is why we should have corporate taxes. I’d rather see corporations keep employees and advance technology instead of giving dividends to the wealthiest people in the world. While the product might not work out, I bet there are many people who worked on it that will take those skills to new projects.
But VR is cool
Investment is good. Public policy is usually designed to encourage it that’s why investment has good tax avoidance that is exactly what the government wants.
I thought OP wrote the headline himself but no, PCGamer “journalists” just spend way too much time on Reddit
its like they have too much money and they’re burning it away on bad ideas. Imagine how much public housing that money could have built.
They have the best VR headset in the market. The only problem is that it’s also mining all your data.
Do they? I thought it was just the cheapest.
It’s the best for normal users (price vs performance), not for VR pros or the best experience possible.
Mandatory: fuck Facebook / Meta
That’s because they’re losing billions selling it. If it cost what it actually took to produce it wouldn’t be the best on the market anymore, they’re trying to bully out players who can’t afford to lose billions for years until they’re in total control.
Is it the cheapest? I don’t follow VR much anymore.
I agree being the best is subjective, but the UX is impeccable.
Pull out the helmet, setup the guardian and you can play pretty much anywhere.
Ok, so it sounds like you put a lot of value on a standalone experience. So something like a Switch or phone for gaming instead of a gaming PC.
That seems to be the area they win at. They don’t have the best image, refresh rate, or tracking accuracy, but they are easy to get going with, and it’s inexpensive relative to other options.
To me, the biggest strength is how small the headset is and the fact that you don’t need to dedicate a room to VR with sensors.
I put a lot of value on how easy it is to setup. When VR first started, I had a dedicated 7x7 space with a pulley system so that the wires wouldn’t get in the way. My computer had to be near as well.
If I had a mansion, I would definitely use a better headset, but if we want a better VR adoption, then it needs to be accessible to as many people as possible.
I doubt public housing would have made a fantastic return either.
They shouldn’t have that amount of disposable income in the first place, and a good portion should have been tax money. If that money were invested in public housing the return would be massive.
If all you care about is money, then yeah sure. If you actually give a shit about humanity the return would be absolutely immense for society.
Think about it longer term… All the people struggling at the bottom now have secure housing. More money is free for nutrition, hygiene, they can get better jobs or afford schooling… Trades or higher education. More people have a chance to escape poverty and contribute production, get more money to spend, more money gets out into local economies. So and so forth. It’s a good idea.
Really? You don’t think that building solid foundations for people to get on their feet and start making more money themselves, money that they can turn around and spend on more products, would have a fantastic return? The benefit for the economy would be immense but corporations can’t write that into their spreadsheets changing their bottom line so it “doesn’t count”
I mean, you do understand that this money isn’t just vanishing right? It’s being spent on people, manufacturing, materials. It doesn’t just vanish into nothing.
Its also drawing real resources away from other things. The real estate used on these luxury failures had other potential buyers and raises costs across the board as it competes for chip factory space, marketing, etc.
If the money was taxed out of circulation it actually does essentially vanish, increasing the value of every remaining dollar if the state budget remains unchanged - its the easiest way to reduce inflation.
These big corporations with lots of money do affect everyone when they make big stupid decisions - resources get misallocated and costs go up. Money doesn’t exist in a void, the things people do with it have real world effects.
yeah it gets distributed in the economy and gets absorbed in the system. at least it’s not being hoarded or funneled outside the country.
the other poster is just parroting things they do not understand.
Yeah, that happens sometimes.
Why that’s a 10% return on investment!
It’s maybe unpopular, but I agree that if you’re going to leverage your success to make a bet on the next big thing, VR/AR is a great choice. I agree it’s inevitable that many computing interfaces will eventually become a personalized virtual space, and AR will eventually become a permanent way to add our “computer brains’” data to our vision.
Obviously we’re not there yet. And there’s always going to be a contingent that thinks that future will never come. But I do think it’ll come, when that one thing or things we need VR/AR to do and can’t seem to imagine life without are eventually found. Zuck doesn’t know where the inflection point is going to happen but he’s positioning Meta to be in the ideal place to own the space. He seems to know it may not happen for a long time. He’s gambling he can afford to wait for it, which is a bet I’d take.
