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Facebook shares shoot up after strong Q4 earnings despite data breach

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Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#51

Post by wilkskyes »

adpirz wrote: post #12

It’s hard not to look at this performance and take away from it that most people really don’t care about privacy. As upsetting as the thought may be to some, Mark’s hypothesis that privacy is no longer a social norm we value seems to be proven more and more right. Despite all the scandals and hearings, their DAU are more than the population of the largest countries on Earth. Short of serious legislation, what slows t…

It is good that people don't care about privacy. It means they are no longer afraid of being seen, that they have nothing to hide from the world, and in a way they are moving toward a more liberating existence.

Keeping so many aspects of your life private comes with a price. There is inconvenience, there is overhead, and there is always fear that one day your private assets will be compromised and laid bare.

The less private you are, the more you have to share, and the more you have to share, the richer and more meaningful your experiences will be: with other people, and even with other businesses.

But if you are very private, you have little to share. You miss out on the social conversation of humanity, and businesses will treat you as another generic faceless entity, throwing whatever crap they can at you hoping it sticks. Why would anyone want that?

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#52

Post by malvosenior »

wilkskyes wrote: post #51
adpirz wrote: post #12

It’s hard not to look at this performance and take away from it that most people really don’t care about privacy. As upsetting as the thought may be to some, Mark’s hypothesis that privacy is no longer a social norm we value seems to be proven more and more right. Despite all the scandals and hearings, their DAU are more than the population of the largest countries on Earth. Short of serious legislation, what slows t…

It is good that people don't care about privacy. It means they are no longer afraid of being seen, that they have nothing to hide from the world, and in a way they are moving toward a more liberating existence. Keeping so many aspects of your life private comes with a price. There is inconvenience, there is overhead, and there is always fear that one day your private assets will be compromised and laid bare. The less…

I would put a slightly different spin on this thought. Most people's problem is that no one is paying attention to them. We struggle to get people to notice us and listen to us. Even if it's only an algorithm, I think most people would think being looked at and considered is a feature not a bug.

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#53

Post by nerdface »

Panini_Jones wrote: post #32
nerdface wrote: post #31

The whole market is up due to today's announcement of interest rates remaining the same, not any unique announcement to Facebook.

.. Are you serious?

Do you not look at facts backed by data? The whole market is up as of today. Heck, read the news: https://www.wsj.com/articles/global-stocks-waver-ahead-of-th...

The stock increase is not unique to Facebook today. ALL major tech stocks are up today.

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#54

Post by jalgos_eminator »

deegles wrote: post #40

I’m growing more and more convinced that the only real way for employees to enact real change at their company is for them to become a significant, united group of shareholders and force changes from the top. Unions sure as hell aren’t being encouraged. Unfortunately this would not work in Facebook since Zuck still has a controlling interest but it might work for others. Does that make sense?

I'm afraid that this is just how capitalism works. People have to vote with their dollars, and right now they are voting for Facebook.

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#56

Post by [deleted] »

wilkskyes wrote: post #51
adpirz wrote: post #12

It’s hard not to look at this performance and take away from it that most people really don’t care about privacy. As upsetting as the thought may be to some, Mark’s hypothesis that privacy is no longer a social norm we value seems to be proven more and more right. Despite all the scandals and hearings, their DAU are more than the population of the largest countries on Earth. Short of serious legislation, what slows t…

It is good that people don't care about privacy. It means they are no longer afraid of being seen, that they have nothing to hide from the world, and in a way they are moving toward a more liberating existence. Keeping so many aspects of your life private comes with a price. There is inconvenience, there is overhead, and there is always fear that one day your private assets will be compromised and laid bare. The less…

[deleted]

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#57

Post by randomsearch »

chollida1 wrote: post #14
zepearl wrote: post #9

Earlier quoted context omitted.

Do you think that this chart of historical DAU (Daily Active Users) is correct? https://www.statista.com/statistics/346167/facebook-global-d... Looks too stable to me (especially taking into account the scandals). What's the definition of DAU anyway? E.g. if I used it on 2 days in a row, e.g. yesterday and today, and then do nothing, am I counted as a DAU or not for that quarter? Or maybe I have to be active for at l…

Yes, I assume its correct, though to be clear, I have absolutely no way to validate it. This quote from an analyst is one reason why I believe the user numbers. > "It's hard to get people to stop using something they love. People love using these products, and there's these massive attacks that news outlets continue to heap on them, but consumers like these platforms and advertisers follow eyeballs. Most of Facebook'…

That analyst seems behind the times at best.

I can’t remember when I last heard a person say “I love facebook.” Plenty saying “I hate it” though.

Maybe he was alluding to “are addicted to” or “are manipulated into using?”

People don’t use Facebook because they love it. They resent it and but use it, mostly. Which makes me think it’s headed for a steep decline.

Re: Facebook shares shoot up after strong Q4 earnings despite data breach

#59

Post by jcfrei »

pavlov wrote: post #44

Facebook is a weird mass-market product because the average American tech industry pundit has very little visibility into how it’s actually used around the world. Take Facebook Watch. Ask a journalist or HN commenter, and they’ll tell you that it’s a content wasteland, a flop, a waste of investment. Here’s what Zuckerberg said about Watch on the earnings call: "There are now 400 million people who use it every month,…

I wonder, will this large part of Facebook users that still uses the platform (and Watch) eventually migrate to Instagram as well (as most of North America and Europe appear to have done?). Or does the standard Facebook actually better cater to a large part of the world's population than Instagram?
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