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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

#221

Post by mastazi »

that_guy_iain wrote: post #163
paulpauper wrote: post #138

Earlier quoted context omitted.

They don’t have a very diversified revenue stream despite trying various side businesses. Google and Microsoft have had the same business model forever .

> Google and Microsoft have had the same business model forever . Microsoft has Xbox, Office, Azure, etc. Google has Android, Google Workplace, GCP, etc. When you diversify your income streams you add more. It doesn't mean you get rid of your breadwinner. Facebook's main model seems to becoming illegal and/or not viable via a tech perspective.

Google is not really that diversified, most of the revenue comes from ads. Microsoft is a better example of a diversified business, and IMHO Amazon would be another good example.

Edit: sure, it's true that they put ads on everything, from YouTube videos to Gmail mailboxes, but that's not comparable to the level of diversification that MSFT or AMZN have IMHO.

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

#222

Post by poisonborz »

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…

> Facebook’s core business model appears to be in decline.

If you mean the data mining and trading, I wouldn't believe that for a second. Sure, it can't go on so openly and monopolised like before, but there is a huge industry built on it already, each new digital service opening up opportunities for a bit of side income. Facebook was an easy target to aim at - but there's your webshop, food delivery service, electricity supplier in the line.

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

#223

Post by friedman23 »

foxfluff wrote: post #214
friedman23 wrote: post #24

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…

I've seen a comment like this quite a few times now and I am curious: what exactly is the goal of pointing out that advertisement affects your life somehow, to someone who said they can't think of a relevant ad? It's not like they claimed they're immune to advertisement. They just can't think of a relevant ad, and I'm in the same boat, unless you twist the implied definition of "an ad" enough; a common trait for thes…

> It's not like they claimed they're immune to advertisement.

> The idea of buying something based on an advertisement and not a need is foreign to me.

My point is that despite believing they have not bought something based on an advertisement, they have in all likelihood.

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

#224

Post by Arainach »

magicjosh wrote: post #159
jmknoll wrote: post #150

Earlier quoted context omitted.

I’m with you on this. I received a Quest as a Christmas gift and basically went from 0 to 100 on VR and the Metaverse. It finally makes sense to me. Like you say, there are some issues with the tech, but they’ll be resolved in time, and it’s clear that this is the future of gaming at least, and maybe much of social media/virtual interaction.

Wow what are your favorite apps? And a bit more leading question, what apps have you used in the last week?

Not OP, but I also picked up a Quest 2 and was impressed after finding all previous VR experiences I'd tried gimmicky and not holding my attention for long.

Lately I've been sinking time into:

Half-Life Alyx

I Expect You To Die (and its sequel)

The Climb (and eventually its sequel, I assume)

Creed

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

#225

Post by jsemrau »

distrill wrote: post #76
gzer0 wrote: 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?

It underlines the general volatility and uncertainty in the general market rather than a problem of FB.

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

#226

Post by skinnymuch »

nathanaldensr wrote: post #72
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

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?

Nearly every one can be bought. Choosing to be holier than thou while drawing a line of Facebook is awful, they can’t buy me, but otherwise not doing the same to the majority of public/big companies who are also ethically compromised, is not so much better.

Yes, I’d take a high paying job at Facebook. I live in a status quo, unfair, corrupt capitalist society in the west. I know I have to play the game.

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

#227

Post by ra7 »

Aperocky wrote: post #212
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.

Didn't they do the same thing when Snapchat took off and then blew it out of the water with Instagram Stories? There is a track record.

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

#228

Post by a123b456c »

Aperocky wrote: post #212
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.

Why not? It worked when they copied Snapchat's stories feature.

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

#229

Post by lhorie »

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.

I mean, if you don't have a stock position, why parrot the same tired narrative? It's not adding any insight and it's not like their stock never had downswing before.

At one point the crowd here was like oh fb ipo so embarrassing, to oh fb eng so hot much react, to oh fb so evil now, crash and burn pls. Such fickleness. Surely we can do better than that.

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

#230

Post by mandeepj »

advisedwang wrote: post #180

This is after-hours trading which is very volatile. I wouldn't read too much into a "20%" drop.

Not really. After-hours "mostly" set the trajectory for stock's next day journey. It rarely reverses, but often times just continues the path set earlier.
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