Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

nasdaq.com

Post reply on HN
Print view View original

291–300 of 556 posts

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

#291

Post by whyenot »

ra7 wrote: post #227
Aperocky wrote: post #212

Earlier quoted context omitted.

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.

I would argue that they destroyed Instagram in the process. It set them on a path where they add more and more "features" to Instagram for legitimate strategic reasons, but in the process it turned a focused app into something now approaching the hot garbage that is the Facebook.

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

#292

Post by prawn »

mancerayder wrote: post #251
evilantnie wrote: post #218

Earlier quoted context omitted.

I'd be curious if you feel the same way in a year or so. When I first got into VR I felt very strongly it was the future, but that novelty wore off over the course of a year. I go back every few months to catch up on experiences I've missed and try out new tech, but the novelty has still worn off. VR is not a daily use experience for me, and I assume for a lot of consumers, but it is still amazing.

I find that a) the bulkiness of the headset (and the added wires and external sensors of the Valve Index) and b) the fact that I don't always feel like waving my arms around or reaching stuff after sitting in front of the PC all day, made it wear off for me. I was into Pokerstars VR for a while but interacting with people through the microphone made me realize I don't really enjoy talking to strangers from around the…

Is it a realistic option for watching TV/movies without a TV in the room?

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

#293

Post by kritiko »

zepto wrote: post #248
Miraste wrote: post #171

Earlier quoted context omitted.

> unlike, say, Google or Apple, I don't think Facebook has really ever had more than one big payoff idea. Interestingly, by revenue Apple is more of a one-trick pony than Facebook. iPhone sales are fully half their revenue, and almost all of their software income is totally dependent on iPhones as well. Meanwhile at Meta, Instagram revenue is roughly equal to Facebook revenue.

Facebook is all ads, and Apple is much less dependent on the iPhone than it was before, and is continuing in the right direction.

Probably the most interesting thing Apple has going for investors is their move into advertising within iOS - and they’re kneecapping the competition through ATT.

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

#294

Post by stephenboyd »

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…

My favorite thing about Reels is the videos have the TikTok watermark including the username so I can find new people to follow on TikTok.

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

#295

Post by nikolay »

sedatk wrote: post #188
nikolay wrote: post #66

Well, the VR/metaverse distraction will be their doom! Zuck has lost touch with reality - nobody cared about VR, nobody would!

VR experience is otherworldly. But, Facebook's idea of making a clone of Second Life VR isn't futuristic or exciting at all.

So, you think Second Life died, because of the lack of VR headsets?!

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

#296

Post by PascLeRasc »

asd88 wrote: post #243
ProfessorLayton wrote: post #105

Really, really curious to see how all this market volatility will affect their talent pool. Losing almost all gains over the last 18 months will certainly cause some people to reconsider their tenure — I know I have since my company's (Not FB) stock has been hammered along with everyone else in the tech growth sector. A lot of golden handcuffs are being unshackled right now

Some of the companies whose stock price has been affected the most are making up for the loss by giving more stock. I’d expect Facebook to do the same to retain their talent if the stock drops significantly.

Off topic: when companies give out stock like this, where is it coming from? Are they printing shares out of thin air or buying back shares to give to employees?

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

#297

Post by nikolay »

smilebot wrote: post #129
nikolay wrote: post #66

Well, the VR/metaverse distraction will be their doom! Zuck has lost touch with reality - nobody cared about VR, nobody would!

I did. And I still do.

Go see a doctor, please! Kids were fond of VR like 2-3 years ago. They are no longer interested - why would adults be?!

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

#298

Post by buzzert »

misiti3780 wrote: post #283

Google / Google+ === Facebook/Metaverse. They can change their name all they want, they are slowing turning into the AOL of our decade. I'm willing to take bets on where this is all going. I own an Oculus - it sucks. The founder of Oculus admits it sucks. Instagram sucks more than it did last year. I dont have a FB account, but it sounds like it's an ad-driven hell-hole. Eventually FB will lose because their entire b…

> The founder of Oculus admits it sucks.

Palmer Luckey? I believe you, but I was wondering if you had a quote/reference for that.

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

#299

Post by PragmaticPulp »

IgorPartola wrote: post #234
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…

So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…

> My feed is full of shit I don’t want

I don't log in to Facebook very often, but when I do it's not bad at all. I scroll through a few updates from friends and family and catch up with a few people, then I close it for another week or two.

There isn't just one "Facebook" that we all see, obviously. Your feed is going to be a reflection of the groups you've joined and the friends you keep (and haven't muted). If you've just accumulated groups and connections for a decade without doing anything to shape your feed, I could see how it wouldn't be very interesting.

But if you take a few seconds here and there to "like" things you want to see more of, hide things you want to see less of, mute the obnoxious people you don't want to hear from at all, and leave groups you're not interested in, it's not bad at all.

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

#300

Post by GekkePrutser »

friedman23 wrote: post #24
zwkrt wrote: post #16

Earlier quoted context omitted.

The idea of buying something based on an advertisement and not a need is foreign to me. What is a kind of ad that you consider to be “relevant”? I just block all of them so I might just not be aware of the potential.

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 wonder.. I don't think that applies to everyone.

Most of the stuff I buy is either commodity (clothes, always the same t-shirts, pants, shoes, my colleagues joke it's my 'uniform'), food, or weird-ass stuff that nobody advertises for. Like second hand computers or electronic components to build cool stuff.

And reviews I usually get in depth from other users on tech forums like XDA and local ones. Before I buy a phone I know pretty much every little thing there is to know about it :) Not just the gloss, all the annoying bugs too.

The only thing I buy that's really advertising sensitive is games I think. Or some hacker/maker stuff you'd see on hackaday. I know advertising affects me. But I'm pretty certain not a lot of my purchasing is driven by advertising.

Post reply on HN