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Facebook Q1 2018 Earnings Slides [pdf]

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Re: Facebook Q1 2018 Earnings Slides [pdf]

#181

Post by [deleted] »

JBReefer wrote: post #46
gizmodo59 wrote: post #19

Earlier quoted context omitted.

This is true not just for Facebook. Consumer spending per person in US is very high compared to many other countries in the world. https://en.wikipedia.org/wiki/List_of_largest_consumer_marke... The businesses that wants to run ads also spend a lot. Its also true for Enterprise Software to some extent. I work for an enterprise software company and despite having had a decade of presence and having been founded in Eur…

People don't understand how much wealthier the US is than most of the Western World. I realize, and please don't harp on, the fact that healthcare and college aren't free here, but the median German makes the less money than the median income in all but 9 states, and it becomes substantially more unequal when you look at PPP. https://mises.org/wire/if-sweden-and-germany-became-us-state... Now, if you want to talk abo…

[deleted]

Re: Facebook Q1 2018 Earnings Slides [pdf]

#182

Post by mbesto »

kgwgk wrote: post #100
mbesto wrote: post #83

Earlier quoted context omitted.

> What is going to happen to advertising budgets (practically their only source of revenue) in the next recession There's a general theory that advertising is a zero-sum game. In other words, as a percent of GDP it has neither grown or subtracted significantly since it's wide spread use. This effectively means that new media (FB/Google/etc) is simply taking market share away from other disparate providers. If anythin…

Advertising spending went down over 10% in 2009 compared to 2008 (I thought it was more than that). In that kind of environment Facebook might still gain share but growth and margins are likely to suffer. And Facebook/Google represent already one third of the advertising business in the US, they can only increase market share up to a point.

> Advertising spending went down over 10% in 2009 compared to 2008

Well ya, it's directly correlated to the general economy. The economy tanked in 2009. But that's my point, that 10% dip is going to cause everyone to reevaluate their advertising budgets and shift to more efficient spend.

https://www.vox.com/2015/9/18/9351759/ad-blocking-controvers...

> growth and margins are likely to suffer.

> they can only increase market share up to a point

Why? There's still 2/3rds to grab. Thats A LOT.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#183

Post by mehrdadn »

shantanubala wrote: post #166
Judgmentality wrote: post #158

Earlier quoted context omitted.

I thought the #deleteuber campaign was somewhat successful? My understanding is a series of unfortunate events, largely kicked off by that campaign, ultimately led to Kalanick's downfall. http://www.businessinsider.com/travis-kalanick-uber-takedown...

Kalanick is still a very successful founder - not that I necessarily think he should be emulated. Regardless of what you think of Uber, Travis Kalanick started a very large company, and Uber is as entrenched as ever. So perhaps this actually is evidence in favor of the parent comment. Did Uber really suffer much at all? Or did they just reshuffle management, pay Kalanick billions to (kind of) leave, and continued bus…

> continued business as usual?

Citations? I haven't really heard about them pulling any shenanigans under the new CEO's watch.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#184

Post by alex30 »

closeparen wrote: post #168
matte_black wrote: post #94

Earlier quoted context omitted.

We are not heading to a post-privacy world. Post-Privacy means no one can get privacy even if they want it. That has never been the case. What you are merely seeing is people are ok with the amount of data that has been collected on them. The lack of true widespread outrage means we are either at the limit or we can still collect a bit more before users get really pissed.

Only someone who specifically values privacy for its own sake is sensitive to how much data gets “collected” by the first parties they deliberately share it with. The rest of us care how it’s used , and ad targeting is mostly benign. The Facebook scandal is not about data or collection, but how the combination of data and attention can influence politics.

People are missing a very important thing in this earning statement.

The earning statement is for Jan 1- Mar 31 ONLY.

The Cambridge Analytica story was released around March 18.

So around 10-12 days of #DeleteFacebook would NOT have any noticeable effect on their earnings.

What would actually be noticeable would be Q2 Earnings (Apr 1- Jun 30)

Re: Facebook Q1 2018 Earnings Slides [pdf]

#185

Post by spyspy »

tclancy wrote: post #179
spyspy wrote: post #22

Earlier quoted context omitted.

I've been long FB for a very long time now, and took the recent dip to grab some more. People can complain about Facebook in terms of privacy all they want, but as a company they are killing it.

>People can complain about Facebook in terms of privacy all they want, but as a company they are killing it. Should make for a nice tombstone.

I think I'll survive.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#186

Post by incongruity »

gm-conspiracy wrote: post #126
putlake wrote: post #123

Earlier quoted context omitted.

> Post-Privacy means no one can get privacy even if they want it. That has never been the case. We are already there. 3-letter govt agencies can listen track your calls, intercept your browsing and read your email. Unless you pay in cash and shop only at your local mom and pop shop, your purchases are already being tracked and reported. Your cellphone carrier is selling your information to third parties.[1] You may n…

Why do you assume everybody is using email, has a cellphone, and only buys goods from mega-corps?

Why do you assume they’re not?

Constraining the discussion to America, you’d be far more wrong to assume someone doesn't use the internet[1][2] or a cellphone.[3][4]

[1] http://www.pewresearch.org/fact-tank/2018/03/05/some-america... - Only 11% of American adults don’t use the internet. Of 18-24 year olds, only 2% don’t. 2%. Holding narrowly onto your assertion, the numbers are higher for poor, rural, elderly and non-high school graduates.

[2]http://www.pewinternet.org/2018/03/01/social-media-use-in-20... - 68% of adults use Facebook. 73% use YouTube. Looking at 18-24 year olds, 95% use YouTube.

[3]http://www.pewresearch.org/fact-tank/2017/06/28/10-facts-abo... - 77% of adults own a smartphone.

[4]http://www.pewinternet.org/fact-sheet/mobile/ - 95% of adults own a cellphone.

Shopping at mega corps? Well, it’s well documented that Walmart has done a good job of decimating local economies and there is definitely a homogenization of retail options in the US - but even if you don’t shop at one of them, if you use a credit or debit card, a mega-corp is tracking you. Doubly so if you use a smartphone.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#187

Post by koolba »

Morizero wrote: post #174
Judgmentality wrote: post #158

Earlier quoted context omitted.

I thought the #deleteuber campaign was somewhat successful? My understanding is a series of unfortunate events, largely kicked off by that campaign, ultimately led to Kalanick's downfall. http://www.businessinsider.com/travis-kalanick-uber-takedown...

At least with Uber there are real & mainstream alternatives.

Not using Facebook, or really any social media, has always been a viable alternative.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#188

Post by airstrike »

roddux wrote: post #14

My main takeaway from this is that #deleteFacebook has been a flash in the pan-- their active user count is still increasing across all regions. Also to note, FB only pay effectively 11% tax on some 12 billion dollars worth of revenue.

They also probably haven't repatriated most of the cash earned overseas (on which they paid the low taxes) so they can't really use it. If they did, you'd see a different effective tax rate.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#189

Post by nstart »

mehrdadn wrote: post #183
shantanubala wrote: post #166

Earlier quoted context omitted.

Kalanick is still a very successful founder - not that I necessarily think he should be emulated. Regardless of what you think of Uber, Travis Kalanick started a very large company, and Uber is as entrenched as ever. So perhaps this actually is evidence in favor of the parent comment. Did Uber really suffer much at all? Or did they just reshuffle management, pay Kalanick billions to (kind of) leave, and continued bus…

> continued business as usual? Citations? I haven't really heard about them pulling any shenanigans under the new CEO's watch.

In all fairness, Uber's many shenanigans

1. Happened a lot over the early do or die periods of entering new markets. 2. Continued over a much longer period of time than Travis has been gone. 3. Happened while the company was being considered a darling and was not being critically scrutinized over every move it made.

Shenanigans are truly shenanigans only once the outside world gets to know about it. Paradox of sorts really.

Continuing business as usual in the context of the parent's comment though is less about shenanigans and more about the operating model probably. Drivers are still being duped. Earth scorching ride subsidization tactics are still very much in play. Although the CEO is gone and there may be some activity happening within the company to undo toxic cultures, the overall business has not truly changed. And the overall business really ought to change.

Re: Facebook Q1 2018 Earnings Slides [pdf]

#190

Post by lokopodium »

adventured wrote: post #53
JBReefer wrote: post #46

Earlier quoted context omitted.

People don't understand how much wealthier the US is than most of the Western World. I realize, and please don't harp on, the fact that healthcare and college aren't free here, but the median German makes the less money than the median income in all but 9 states, and it becomes substantially more unequal when you look at PPP. https://mises.org/wire/if-sweden-and-germany-became-us-state... Now, if you want to talk abo…

There isn't lower crime in the EU. The EU has between a higher rate or a similar rate of violent crime and crime in general vs the US (varying depending on which country you're talking about). The US rate of crime compares well to most developed nations. [1] The US has a far higher murder rate thanks to its policies on gun regulation. There is not less absurd politics in the EU. It's every bit as crazy over there rig…

>thanks to its policies on gun regulation

Citation needed.

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