Meta shares drop 20% on Q4 earnings miss, weak outlook • Hacker News Board

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

#511

Post by rdtwo » Thu, Feb 03, 2022, 4:38 PM UTC

zepto wrote: post #505

rdtwo wrote: post #420

Earlier quoted context omitted.

Probably not but the TikTok has to pivot before they loose steam and start being a coglomorate otherwise they Will eventually fade so it depends on how successfully they execute this. Meantime Facebook just needs to catch the next TikTok to be relevant again.

Both companies have to keep evolving to stay relevant, yes. One is declining and reviled, and the other is growing and seen as fun. That’s the only difference.

But one sits on a mountain of cash and the other on just a hill

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

#512

Post by electrondood » Thu, Feb 03, 2022, 4:41 PM UTC

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.

It's terrifying, in fact. TikTok is specifically engineered to be cocaine for your attention. This is a race to the bottom, where the human attention span parallels that of a gnat.

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

#513

Post by colinmhayes » Thu, Feb 03, 2022, 4:49 PM UTC

ma2rten wrote: post #473

colinmhayes wrote: post #376

Earlier quoted context omitted.

Audience network just took a big hit from apples privacy policy changes. Google controls the entire ecosystem for many users and most of the ecosystem for pretty much all of them, so they can never get blindsided like Facebook did.

I saw this claim elsewhere in this thread as well, but I didn't really get it. Google is going be affected equally by iOS changes. Google does control the Android/Chrome ecosystem, but I don't see how Google could make any changes there that hurt Facebook because of antitrust concerns.

Facebook says the iOS changes are going to cost them $10 billion this year. Google blew past earnings and issued strong guidance last quarter.

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

#514

Post by vishnugupta » Thu, Feb 03, 2022, 4:59 PM UTC

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…

I guess this is how capitalism works? Continuous growth or die.

Despite having just about every living human as their customer they are expected to grow.

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

#515

Post by chaostheory » Thu, Feb 03, 2022, 5:17 PM UTC

arvinsim wrote: post #462

chaostheory wrote: post #415

Earlier quoted context omitted.

The novelty hasn't worn off for me because I don't treat it as a game console. I treat it as a new form factor computer. I use it daily for HIIT workouts, and I use it to spend time with family and friends who are either far away or busy with life i.e. kids. It's way better than FaceTime or Zoom.

I have been using Beat Saber to clear my Apple Watch exercise rings. I am curious what games or apps you use to do HIIT.

Mostly FitXR since it's competitive and SuperNatural. Both are subscription based, $6/month and $15/month if paid yearly. I tend to end with Thrill of the Fight.

In addition to Beat Saber, you might want to check out games like Until You Fall and SynthRiders.

I've lost 20 lbs playing video games.

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

#516

Post by virtuallynathan » Thu, Feb 03, 2022, 5:18 PM UTC

iamgopal wrote: post #380

virtuallynathan wrote: post #247

Earlier quoted context omitted.

Based on my calculations, Facebook has more DC space/power than Google/Amazon/Microsoft. They have around 40 million sq ft of DC space, and likely ~5GW of power. They have 48 buildings in 18 locations, with 47 more under construction. AWS Data centers are fairly small, ~180,000 sq ft or so generally, us-east-2 is about 900,000 sq ft. us-east-1 perhaps 8 million sq ft. Google likely has more network capacity, but FB i…

Source ?

Personal intel, I maintain a map and spreadsheet, combined with publicly available information and press releases.

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

#517

Post by smrtinsert » Thu, Feb 03, 2022, 5:36 PM UTC

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 nana can't wait for the jump to short form video

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

#518

Post by aierou » Thu, Feb 03, 2022, 6:02 PM UTC

zepto wrote: post #506

aierou wrote: post #439

Earlier quoted context omitted.

How about we start with the claim from the recent leaks that they cause depression or body image issues? The leaked document in question [1] should be considered for further research, but it is hardly evidence of this claim. There is also a popular claim that Facebook contributed to genocide. Here's an article [2]. Facebook hired an investigator that concluded that their involvement was without their knowledge. Tragi…

> Facebook hired an investigator that concluded that their involvement was without their knowledge It seems like you simply take Facebook at their word. > More realistically, I think the U.S. (where most of the claims are relevant) is simply declining after several hundred years of abusive reign as the world's superpower. You do realize that you have provided no actual explanation for the decline. Can you explain how…

Just as with Facebook it seems I am guilty until proven innocent. If you want to believe that they intentionally enabled genocide in a foreign country with politics that neither of us could likely begin to understand, then fine. I have been more than clear, and yet you ask for more. How can I offer explanation to the decline of a regime? Is it not obvious that mental health has been in decline for decades? Or that economic inequality is ever-growing? The average lifespan is in decline. Houselessness is on the rise. You balk at genocide? Our government regularly commits genocide on the scale of the holocaust [1] [2] [3], _with intent_.

Who should be held accountable for all of this? Facebook? What a joke. If they are truly guilty, regulators have all the power in the world to hold them accountable.

[1]: https://en.wikipedia.org/wiki/Indonesian_mass_killings_of_19...

[2]: https://en.wikipedia.org/wiki/Genocide_of_indigenous_peoples...

[3]: https://en.wikipedia.org/wiki/United_States_invasion_of_Pana...

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

#519

Post by majani » Thu, Feb 03, 2022, 6:03 PM UTC

voidfunc wrote: post #131

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 Va…

In a world where Activision is worth $70b, Valve would be worth similar. And you would have to leave them alone post acquisition because of their eccentric organizational style. And hope that Gaben maintains and Mike stay centered despite receiving $35b in the bank overnight.

Anyway Facebook's cash position is $60b, they can't afford it

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

#520

Post by ummonk » Thu, Feb 03, 2022, 6:29 PM UTC

pmlnr wrote: post #495

ummonk wrote: post #155

Earlier quoted context omitted.

Monolithic platforms are significantly more feature-full and user-friendly than standards based development, and thus are the ones that actually experience significant adoption. This is just a fundamental reality.

> more feature-full and user-friendly than standards based development That is shortsighted. Email, which is standards based, has been around for 50 years. I have a strong sense that Signal won't be around in 2064.

Most people use Gmail. Email is a standards based legacy technology that has inertia, like fax machines; it doesn't mean people prefer standards based technologies.