True but not always. I still have some positions. I'm more into profit than being loyal to some of these companies just for a prestige factor. I'm long on my trades most of the time but alot of these plays are flips and can be rebought at a later date. I'm not really all for 'going down with the ship'
it's the data
Ron Baron a major Tesla investor who sold a lot of his shares today said he expects it to be $2,000 again in the near future.
In addition to the data, the accessibility is why adoption of it makes sense. I've used interior mapping sites before and the site I used you needed a 360 camera for it to stitch together the images that you uploaded. Matterport enables users to map out their spaces with just a cellphone.it's the data
Indoor spaces are definitely the last of the physical world to be digitized - satellites, gps, roads, streetview, storefront all have been ongoing projects decades now. You could argue of digitizing anything generally that humans put resources and time into, not just physical, that indoor spaces is the furthest behind by a huge margin. Real estate is the largest asset class in the world as they say. Either google buys them out or they're a platform of their own. They have benefit of first mover, so if it's going to happen it'll be them. Zillow is the only one with a chance and they ultimately that's not where their bread is buttered, they haven't been and aren't going to invest into the AI like MTTR.
Now to get your place painted most people of means find at least two painters to put in bids, they come in wearing their painter's boots after driving 30 minutes each way to get there, have to roughly measure the place, look for problem areas, and factor all of that into not only your bid, but include some costs from the bids they missed on. In a few year's time you go to the matterport app to link up with a painter, you dont have to show him what you want painted in person wasting a day of your time too, just lay it out it in the app, it tells them the exact SQft of each room and the total, they put in a bid, but instead of two you have 100 bids in your metro with their ratings. No painter boots entered your spot.
That's just one example, but literally any work on our places will be going through this digitized route this decade 1000% no doubt. Need to see how an appliance or carpet or paint or anything else will look in your spot, well Home Depot has teamed up with matterport and bring it right on your tablet. If you have a subscription that is.. It knows that fridge is too tall for that spot, no need to measure your kitchen, grandpa..
you could go down the same road for endless commercial and residential uses it really is endless possibilities. the bull case of the tech is there and it's as simple with matterport as being first mover.
Here in my deep rural county the people are in an uproar about potentially having to allow tax assessor's into their homes if they implement new rules. Matterport will have our back. For a while tax assessors will work remote, but eventually the AI will probably eliminate them once they or the competitor they bought up tackles the outdoor side of things. insurance auto and residential.. how much time do you got for me to talk about this tech taking jobs
should smoke a J and think on this one.. believe someone said in this thread "if you don't get rich on that one it's your own fault" .. so it is known .. if you didn't pull out the Howitzer below 11.50 today
It's impressive.. the AI recreates your space in 3D from your phone like you said because all the data points it has learned over the years from their $4,000 cameras.. it knows how corners meet, where electrical outlets are supposed to be.. door frames, countertops etc. Etc.. data and AI make it possible and also assures no competition because how is anyone gonna collect that data to compete with their smartphone tech? Like where's the capital coming from to try and knock them off when they've got the blueprint on lock already
My net worth ain't high enough to mess with margin. You need serious paper on the sidelines to mess with that. Rich folks use margin so they can hold onto capital. Small paper retail investors like me can't mess with that.First I heard of margin was seeing dudes on reddit being completely reckless with GME. Told myself I'd never touch it, but after educating myself today I feel dumb af for not leveraging the 1700 ghvi shares i have when shyt hit 11.50
10 floor because spac and much higher support than 11.50 that was the easiest/safest margin play anyone could have ever made.. At 50% requirement with a 10 floor that's 1400 shares I could have conservatively borrowed basically risk free.. went up 2.60 already.. leaving 4k on the table because I didnt know the rules of the game hurts
I think their positionning should be focused B2C because the product is very user-friendly and it's really far better than buying/renting a 20k scanner, scanning the rooms and remodeling themwith a BIM software
When it comes to showrooms, it's basically limitless. Companies scan their showrooms and it allows them to display their products to far more people than what they would do with a live one. In times of COVID (or post-COVID), that solution allows for further penetration of a company to its clients and prospects. And you can also add tags on matterport scans which could directly go to the page where the product is sold. Just imagine Amazon or similar websites with manufacturer pages but you replace the simple grid listing with basic pictures of their products by a digital showroom that you can visit and see in context (with AR/VR or just moving through it Google Maps style) albeit virtually. Way more qualitative engagement for the user IMO.
