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Facebook loses users for the first time

washingtonpost.com

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Re: Facebook loses users for the first time

#281

Post by pylon »

Osiris wrote: post #268
itisit wrote: post #170

Earlier quoted context omitted.

Actually TikTok is now the leader with teens. [0] And I don't believe the CCP would allow a sale to a US-based company, least of all Facebook/Meta. [0] https://www.cnbc.com/2021/11/18/tiktok-usage-topped-instagra...

Isn't TikTok just videos though (I don't use it so I'm guessing)? It doesn't really seem useful for sharing the same kind of information that people use Facebook for (mostly text based information, questions, etc).

For now yes, but I would say it's really meant as replacement for Instagram rather than Facebook. So videos only seems fine compared to a service that was primarily for pictures.

They can always expand, but I feel like these social media services usually have a hard time pivoting to a different medium after their initial success.

Re: Facebook loses users for the first time

#282

Post by bseidensticker »

hn_throwaway_99 wrote: post #211
kumarvvr wrote: post #140

Earlier quoted context omitted.

I guess the business model of social media companies is coming to fore. FB has a captive audience, that is aging with facebook and will continue using it. It is clear why FB purchases IG / WA. They are paying money to capture audiences with money earned from FB. Going ahead, the cycle will repeat. Once the teens in IG grow into adults, FB will use money from that to buy / make another platform. In this context, the m…

Except there are 2 major differences: 1. Even if FB isn't forced to divest their recent acquisitions, the regulatory environment will make it much more difficult to do the equivalent of buying Instagram in the future. 2. Any good ideas on how I can short "The Metaverse"? I still think the Metaverse is bullshit and will continue to be bullshit for the near future. The very first time I got on Facebook I was pretty ent…

I'm sorda looking forward to the Metaverse. Or rather, I'm pleased that FB is baiting the rest of the tech giants into an arms race on VR hardware and software development.

I'm a huge fan of VR gaming. The state of the art is incredible right now, but it'll get so much better the more money is shoveled in.

Re: Facebook loses users for the first time

#283

Post by Nbox9 »

notyourwork wrote: post #206
mmaunder wrote: post #194

And thus begins their gamble. They’re going to have to bet the entire biz on virtual. Most public companies can’t do this, but FB has a unique control structure that gives Zuck the ability to bet the farm.

Does anyone else find this on the level of batshit crazy insane? Meta, are we really going to divest so far from the physical world that the a virtual reality is worth that much? I mean VR is realistically a video game. I just don't see it but I do see desperation from FB.

This gives them more (young) users, a better connection to their users, a ton of patents, and jumps them out of the smartphone era. They are dead in the water without a gambit of a similar size, buying up the competition (their previous primary strategy) only works as long as regulatory agencies are willing to play ball.

Re: Facebook loses users for the first time

#284

Post by anm89 »

r0fl wrote: post #226
Calist0 wrote: post #208

They lost 3 million active users out of 1.93 billion active users. That's 0.15%? As countries are opening up more. And that's newsworthy? I don't see how that justifies the stock crashing -25% in 15 minutes.

Trillion dollar tech giants are expected to GROW to justify their valuations. Look at the numbers alphabet and apple posted the last few days. Huge growth. Facebook is not only growing but much worse, shrinking. I’ve been bullish on FB from the ipo date but this seems like the beginning of the end unless the meta verse is out of this world

Meh, their PE will be like 20 on open tomorrow. That's not really pricing in super growth.

Re: Facebook loses users for the first time

#285

Post by notyourwork »

mmaunder wrote: post #224
notyourwork wrote: post #206

Earlier quoted context omitted.

Does anyone else find this on the level of batshit crazy insane? Meta, are we really going to divest so far from the physical world that the a virtual reality is worth that much? I mean VR is realistically a video game. I just don't see it but I do see desperation from FB.

Then you’ve never experienced how transformative VR is and you lack vision.

Transformative, can you be more specific? The "lack of vision" seems like an attack more than a justification that VR is something beyond a gimmick.

Re: Facebook loses users for the first time

#286

Post by anm89 »

ProAm wrote: post #10

When the metaverse actually launches they will skyrocket. They were smart to pivot early. Saying the 'metaverse' is on FB right now is similar to people selling acres on the Moon before anyone landed. FB is planting an imaginary flag on the 'metaverse' hoping they can technically catch up to their claims and capitalize on it.

The metaverse already exists. It has for 10+ years.

FB isn't betting on the metaverse existing. They are betting that they can make some new walled portion off it that will be so big that it will esentially be the whole thing.

Personally, I don't like their odds at all.

Re: Facebook loses users for the first time

#287

Post by Calist0 »

r0fl wrote: post #226
Calist0 wrote: post #208

They lost 3 million active users out of 1.93 billion active users. That's 0.15%? As countries are opening up more. And that's newsworthy? I don't see how that justifies the stock crashing -25% in 15 minutes.

Trillion dollar tech giants are expected to GROW to justify their valuations. Look at the numbers alphabet and apple posted the last few days. Huge growth. Facebook is not only growing but much worse, shrinking. I’ve been bullish on FB from the ipo date but this seems like the beginning of the end unless the meta verse is out of this world

Facebook is doing great. To put things in perspective:

- On average, they net around 35 billion a year. With a valuation (MC) of 887 billion.

- On average, Google net around 51 billion a year. With a valuation of 1.8 trillion.

Facebook is making 68% as much as Google, with its valuation at less than half the price. And over the past 4-5 years Facebook's revenue has grown on average 32%/year, while Google grows 23%/year.

Really undervalued company IMO.

And their revenue did grow. They grew year-over-year. Just missed their target by 3%.

Re: Facebook loses users for the first time

#288

Post by FredPret »

GCA10 wrote: post #58

Peak coffee consumption (per capita/US): 1946 Peak cigarette consumption (per capita/US): 1963 Peak oil production (global): unknown, maybe 2020-2030 Peak Facebook: ?? That's an incomplete peer group, but I find it interesting that at some point, society does start to unplug from addictive substances. The tapering off is quite slow, though. Unclear whether heavy users cut back, or new generations just don't develop t…

We reached peak coffee long ago!? Sad news indeed

Re: Facebook loses users for the first time

#289

Post by saboot »

fouc wrote: post #97
ProAm wrote: post #10

When the metaverse actually launches they will skyrocket. They were smart to pivot early. Saying the 'metaverse' is on FB right now is similar to people selling acres on the Moon before anyone landed. FB is planting an imaginary flag on the 'metaverse' hoping they can technically catch up to their claims and capitalize on it.

You sound like an NFT believer

I was searching for a way to describe how the meta is being marketed, and this is perfect.

Re: Facebook loses users for the first time

#290

Post by rtlfe »

irrational wrote: post #258
shaunpud wrote: post #11

Earlier quoted context omitted.

It really gets me down when local/state emergency services etc. use it as their primary means of news/updates.

Where I live they use nextdoor for that purpose. I’m not sure which is worse.

Nextdoor infinitely worse. It's such a toxic cesspool.
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