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Minda Smiley

👤 Person
32 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

But when you look at the billions and billions of people that use their other platforms, it's actually quite small.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

So again, the demand for just like a pure play AI platform for Meta is still relatively small, especially when they are competing with ChatGPT and some of these other players.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

And so, yeah, there's sort of the business lane and the consumer lane.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

And I think the consumer lane, they're really having some struggles there.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

But...

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

Yeah, yeah, for sure.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

I mean, I have to say I wasn't surprised to see the EU crack down on that.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

We've seen them kind of come down on meta quite a bit recently.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

But it kind of goes back to my earlier point of when I was saying that meta AI doesn't have that many users quite yet.

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

That's why they're really kind of relying on

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

putting it in in their more mainstream platforms trying to get people to use it on whatsapp especially in instagram and facebook and so i you know again i wasn't surprised to see that they that they're making that push but i'm also not surprised to see that that pushback that legal pushback that's happening especially in an environment where um meta has really just been under the regulatory microscope lately here in the u.s of course that it recently won its anti-trust trial but

Bloomberg Tech
Meta Stock Surges on Plans for Metaverse Cuts

When we look into next year, I think meta, but also just social platforms in general, they're facing so much regulatory pressure at the moment.

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