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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

#131

Post by voidfunc »

intrepidsoldier wrote: post #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.

This would be an interesting but perilous pivot... trying to get into cloud infra at this point seems like an insane idea. What would even be the attraction for company to want to run on FB cloud vs one of the established players that now have a decade plus of real world operations experience from running 3rd party customer workloads?

If we are spitballing ideas, If I am Zuck I'm looking at figuring out how to buy Valve or build a gaming platform. I don't know how they can be successful in whatever the fuck the Metaverse is without a gaming/media platform.

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

#132

Post by benlivengood »

ohashi wrote: post #58
nappy-doo wrote: post #42

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.

If democracy can't survive Facebook then it probably was doomed already. Similarly with trying to live in civil society when there are already fellow citizens full of violence and hatred; FB might give voice to what is already there and already broken but isn't really the cause.

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

#133

Post by rvz »

nappy-doo wrote: post #42

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…

> While I don't love FB as an entity, as a business they are making fucking bank. They are running a printing press, and the world is eating it up. Y'all need to switch to decaf or something. Their numbers are truly staggering.

Precisely. It's actually a very long term battle between Meta, Apple and Google. Not even a widespread outage can stop them.

It would be a mistake to write them off immediately over this atrocious earnings call, no matter how much I think of them as a mafia. Business-wise, it is far from over.

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

#134

Post by pm90 »

bko wrote: post #116
ohashi wrote: post #58

Earlier quoted context omitted.

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.

Be critical all you want, just don't try to gaslight by saying they're on the verge of collapse and everyone hates them. They're extremely popular and billions log in every day because they apparently get some kind of value out of the product

Everyone that knows the extent to which they're complicit in destroying societies does hate them. As for their popularity, yeah I guess you could call a monopoly "popular" but that's just because there isn't effective competition... because of Facebook's anti-competitive practices.

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

#135

Post by jpgvm »

ARandomerDude wrote: post #67
sorry_outta_gas wrote: post #53

Earlier quoted context omitted.

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

Can't speak for others but I've never wanted to work at FB, never will, and can honestly say FB is a resume negative when I'm looking at candidates.

I wouldn't go so far to say that FB would ever be a resume negative. It really depends on what their experience there was like. Some really great people went to work for FB after making bank a Google in the early days and I would gladly work with any of the folks from that stage of FB. Post that period there was some serious internal culture problems (performance culture SMH) and yeah... I would say most of the good folks (that weren't properly isolated from that misery) left and there was a dark age of FB engineering as a result. I think they recovered from this somewhat but these days it would need to be a case by case basis when I interview a candidate and get an understanding of their time at FB, what they worked on etc and with who.

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

#137

Post by notacoward »

magicjosh wrote: post #74
nappy-doo wrote: post #42

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.

This is a venture-backed tech community, so it's pretty much about making bank. Also, it regularly celebrates big rounds and exits for other ethically questionable companies, so there's really no moral high ground to be had here.

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

#138

Post by paulpauper »

JCM9 wrote: post #93

Facebook’s core business model appears to be in decline. They don’t have a very diversified revenue stream despite trying various side businesses. This is the market worried that Facebook’s best days are behind it. Facebook is betting the farm on the metaverse stuff but without meaningful financial results that’s not going to placate market concerns over what looks like a downhill future for the core businesses. Face…

They don’t have a very diversified revenue stream despite trying various side businesses.

Google and Microsoft have had the same business model forever .

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

#139

Post by hunterb123 »

randomsearch wrote: post #119
nappy-doo wrote: post #42

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…

FB represents everything that hackers despise. That is why a site full of hackers despises them.

Social media represents everything I hate, but Twitter's usecase & userbase is further up in toxicity than Facebook imo.

I wouldn't say FB represents everything I hate, as I mainly use it as a contact book.

"Hacker News" also hates crypto, Tesla, Brave, and other random things and I don't think the same way about. (I wonder why that is? )

TLDR: speak for yourself, not all "hackers".

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