The metaverse will not bring commercial profit in the near future, but will the metaverse still have to be renamed? What impact does the change in Apple's iOS 14 privacy policy have and how to deal with it? Let's take a look $Meta Platforms (META.US)$How did executives respond at the Q3 results meeting
[Key points]
1. Attitudes: Management sees Apple's changes as the biggest obstacle. 2021 was a year of unusually strong revenue growth, but there was some uncertainty about the fourth quarter and 2022. It's facing intense competition from TikTok and Snapchat.
2. Target: The number of employees in the company increased by more than 20% compared to the third quarter. The company also expects growth to slow in 2022 and profit margins to be lower than in 2021. The North Star indicator for business is to help 1 billion people use the metaverse and support hundreds of billions of dollars in digital commerce by the end of this decade.
3. Investments: The metaverse will not be profitable anytime soon. Investments include new platforms, virtual reality product lines, and augmented reality product lines.
[QA Q & A]
Q1: You've talked about your long-term focus on the metaverse, and I hope you can help us review 1, 3, and 5 years of wishes from a product perspective.
A1: So over the next 1-3 years, you'll see us put more of the basics in place. This isn't an investment that will make us profitable in the near future, but we basically believe that the metaverse will become the successor to the mobile internet. It will enable the ultimate form of expression we are trying to create a social experience that allows people to truly feel the presence of people they care about, no matter who they care about...