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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

#151

Earlier quoted context omitted.

I think you can be anti-FB while still recognizing that it's a powerful force in the industry and the world. Hell, I'd say that many are anti-FB because it's too powerful a force in the industry and the world.

Well - are they anti Google or anti Amazon?

Yes, I would say that those who are concerned about Facebook for those reasons are also usually concerned about Amazon and Google for the same reasons.

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

#152
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,…

-Facebook is a closed system -Anyone who feels strongly against Facebook will have stopped using it If both of these are true, the typical person commenting about its evils will have a poor idea of how it's actually used. So someone telling me it's damaging my mental health because of social gratification - I haven't posted anything real-life in years - falls about as flat as someone saying Reddit is a website for sh…

> -Anyone who feels strongly against Facebook will have stopped using it

That's a pretty big assumption. People's feelings can and do change based on new information.

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

#153

Earlier quoted context omitted.

In reality, it appears that there is a media scapegoating crisis, not an actual crisis, at or with Facebook: https://jakeseliger.com/2018/11/14/is-there-an-actual-facebo...

I’ve been saying it forever. The media hates new forms of advertising because that was their missed opportunity. The media had gotten out of control regardless. They are about as factual and unbiased as a state run news organization at this point. Hopefully it will be possible to have reasonable discourse on HN again instead of the constant flaming.

It occurs to me that the mainstream American media suddenly turned very negative towards Facebook ever since they've got the idea that Facebook was probably one important reason that Trump got elected. While I agree Facebook has some real problems and they need to do better, but the recent reports appears almost nitpicking to me

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

#155
post #124

Earlier quoted context omitted.

In reality, it appears that there is a media scapegoating crisis, not an actual crisis, at or with Facebook: https://jakeseliger.com/2018/11/14/is-there-an-actual-facebo...

Wow, that’s the best take on this entire thing I’ve read. I’ve been saying much of this for months and I’m also not an active Facebook user. The market’s had a hard time deciding what to make of all the “scandals” but the past few headlines have had less and less of an effect on the stock. The TC article that came out yesterday had absolutely zero effect which surprised me a little and the news that they might receiv…

yeah, twitter users are notorious for how much they love jack and twitter

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

#156
post #65

Earlier quoted context omitted.

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.

I think a lot of people do love it. Not the company, of course, but many find the service it provides invaluable. Same goes to WeChat for example, I know quite some people who can't give it enough praise and it is arguably a worse offender than Facebook in all conceivable aspects.

I would assume people who love WeChat are much more culturally accepting of surveillance given that most of its users are Chinese. Therefore I'm not sure whether a direct comparison makes sense.

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

#157
post #27
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…

Since there's no real life downside to FB using your data to show you more relevant ads, people are making the rational trade-off. Privacy issues with FB are ideology based in nature.

No obvious downside for now. Discussions about Facebook are usually too shortsighted and look at timescales that are too short.

Large detrimental downstream effects and people's perceptions and trends all happen on timescales on the order of magnitude of a decade. Give it a few years.

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

#158
post #65

Earlier quoted context omitted.

I think a lot of people do love it. Not the company, of course, but many find the service it provides invaluable. Same goes to WeChat for example, I know quite some people who can't give it enough praise and it is arguably a worse offender than Facebook in all conceivable aspects.

I would assume people who love WeChat are much more culturally accepting of surveillance given that most of its users are Chinese. Therefore I'm not sure whether a direct comparison makes sense.

> I would assume people who love WeChat are much more culturally accepting of surveillance

Or maybe they have no choice. If car companies only make black cars, it doesn't necessarily mean that black is everyone's favorite color.

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

#159

Earlier quoted context omitted.

Are you kidding? Are you somehow suggesting Facebook shouldn't be able to know anything about me given the amount of data they've sucked up over the last decade? Given I first opened my Facebook account 10 years ago and I've been posting status update and liking various bands and TV shows, I would expect it to be able to have a fair guess of things I might like. It's recommending videos that aren't even in ENGLISH! I…

Wait, are we complaining that Facebook has too much information, or not enough? Seems like they're damned if they do, damned if they don't.

IMHO they are. :^)

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

#160
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,…

Have the 2.3 billion MAU been independently verified and checked for duplicates/triplicates etc? Considering the number of people in the world, the number of people older than 13 and younger than 75, the number of active internet users and the penetration in richer countries, I seriously doubt these numbers. Turns out, others are doubting it as well: https://mashable.com/article/report-claims-half-facebook-mau...

So why is everyone uncritically peddling these numbers?

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