Facebook's problem is that the story they could tell is low status: porn, games, and military applications, with many other uses following later. Analysts love to forget that these low-status areas are massive markets with high margins. So FB stays silent while continuing with the groundwork in AI and low latency tech. I hold no FB but adding back the untold VR story does make it seem undervalued.
Legend
Facebook's problem is that the story they could tell is low status: porn, games, and military applications, with many other uses following later. Analysts love to forget that these low-status areas are massive markets with high margins. So FB stays silent while continuing with the groundwork in AI and low latency tech. I hold no FB but adding back the untold VR story does make it seem undervalued.