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Meta shares drop 20% on Q4 earnings miss, weak outlook

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Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#71
The data center infrastructure that Facebook (Meta) has is probably in the top 5 in this world (behind only Amazon, Microsoft, Google).

They might want to become a cloud infrastructure provider for some side money and buy themselves some time to figure out this Metaverse fantasy :)

Hey, AWS started because Amazon wanted to lease out their spare infrastructure capacity.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#72

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

I get the feeling it's a lot of people bitter they failed the interview process

I would never even consider working for Facebook no matter their interview process. They are a loathsome company led by a psychopath. They could offer me a job right now with no interview and I wouldn't take it.

Some people can't be bought. What about you?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#73

Earlier quoted context omitted.

Just because you block ads doesn't mean you are immune to advertisements. How many of your interests are shaped by media campaigns. Even if you go and choose to buy things based on "need" (which I doubt). How do you choose which to buy of the various things that satisfy your needs? Maybe you go to one of many consumer reporting sites? Maybe you look at reviews? How do you know those are truly unbiased, they aren't mo…

Naturally, that’s true, but it wouldn’t affect my decision. If I could unilaterally ban billboard ads, I would; but the fact that certain kinds of ads are not block-able does not affect my decision to keep blocking other kinds of ads, and limiting the effectiveness of ads I can’t block. No entity has the innate right to psychologically manipulate me into contributing to its bottom line.

> Naturally, that’s true, but it wouldn’t affect my decision

Your decision for what you buy or your decision to block ads? Which is completely beside the point of my comment. My point is that you are going to be manipulated whether you like it or not. That cute Bernie Sanders slogan, that "Eat the rich" slogan, all the beautiful art produced by your favorite political cause, it's all psychological manipulation by your definition (and it is). And by that point, all human interaction is manipulation.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#74

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

This is a tech community, not a "making bank" community. You may be looking for a subreddit on investing for the reactions you're expecting.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#76
post #59

Here are the results that caused this: - Earnings per share: $3.67 vs $3.84 expected - Revenue: $33.67 billion vs $33.4 billion expected Facebook also missed estimates with user numbers. - Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected - Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected - Average Revenue per User (ARPU): $11.57 vs $11.38 expected Future guidance was the biggest miss…

It's so confusing to me see headlines calling this a "huge earnings miss". Revenue was greater than expected, as was ARPU. I get that the users are under, but this seems pretty far from a huge miss, no?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#77

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

The vitriol is well-deserved.

While there is no such thing as a perfectly-ethical company within a Capitalist framework, there are degrees of ethical behavior that rightly influence a company's reputation.

Would I choose to work or support a company that clubs baby seals?

Less hyperbolic, would I choose to support a company that continually seeks to profit from promoting extremism in dialogue, creating self-perpetuating echo-chambers which have real-world consequences (re: the very real danger to American democratic processes), in addition to brainwashing people's parents into believing in utter hogwash and tearing families apart?

Yes, they are making bank. But at what cost? And should that cost influence your interaction with said company?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#78
post #50
post #33

Earlier quoted context omitted.

Apple has always understood that true power is architecting yourself the ability to substantially harm competitors... without your users noticing.

Invisible hand? Yeah maybe when you're early-stage Capitalism, in late-stage it's all about the invisible knife.

This is ironic considering that Apple displaced the former unstoppable phone monopoly.

Never mind that Walmart displaced the former unstoppable Sears monopoly, and Amazon did the same to Walmart.

IBM which people predicted was unstoppable, was going to rule the world. IBM's descent into irrelevance (I B What?) has been profound.

The only interesting thing is people still insist that this time it's gonna be different.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#79
post #58

The vitriol on HN for FB is something else. The earnings for this company are truly staggering. They made 11$/user. Their earnings were up 34% year-over-year – on a base of 29B dollars. They made 10B more this year than they did last year, and the comments in here are all about, "boy Apple fucked them, and Meta suxor!" You people are nuts. While I don't love FB as an entity, as a business they are making fucking bank…

We can't be critical of a company that makes people miserable? That weakens democracy? That enables violence and hate? Just because they make a lot of money we should be cheering? Oh wow, they made $11! Let's forget everything else.

Sure, but try being critical about something that they can actually be faulted for rather than their incredible earnings. The OP was just pointing out that a lot of the criticism here made no sense.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#80
post #5

Apple vs ad-tech is a really interesting battle. It shows the immense power Apple has in the consumer market today, where they can affect some of the largest businesses in the US unilaterally. Meta is in a very tricky position in that unless they put up an actual paywall users don’t really have any incentive to allow tracking. But putting up a paywall introduces a lot of friction, not to mention the adverse selection…

I think that people here (rightly) dislike advertising and having their privacy invaded to target them, not specifically targeted advertising vs. untargeted. As an aside, something happened to my instagram ad-targeting profile a few months ago and the ads that I normally get (tech-industry stuff, photography, art shows, books...) were replaced by what I assume were lowest-common-denominator general population ads (re…

Were you on ios?
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