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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

#531

Post by ssully »

cercatrova wrote: post #404
rkk3 wrote: post #381

Earlier quoted context omitted.

> I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp. ByteDance was a large company before TikTok and had other successful products. TikTok actually developed out of a billion dollar acquisition Bytedance made[1]. It wasn't for sale. Sort of like how Tinder wasn't for sale because it was owned by IAC (Match, OkCupid). Also regulatory environment in the…

I remember when it was still Musical.ly, man I'm old

Yup. I remember my younger cousin showing me Musical.ly and thinking how horrible the app seemed. Should have realized she was ahead of the curve!

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

#532

Post by skinnymuch »

WalterBright wrote: post #475
skinnymuch wrote: post #384

Earlier quoted context omitted.

Which sort of pundits? You said "pundits...their monopolies". Are you referring to people with a vested interest in the companies/monopolies? If so, that makes sense. They have no reason not to say that, whether they believe it or not. Yes you're right. However on HN and similar tech/geek areas, the common theme regarding FB for a decade now has been direct or indirect implying of its coming demise. Which was what I…

I've been online on tech groups for 40 years. It's always the same thing - the current crop of tech companies are unstoppable monopolies.

HN, Reddit, Twitter, Tumblr, and similar places online have been talking about the downfall of most of the tech giants and a plethora of sizable medium sized tech companies: Netflix, Paypal, Adobe, Salesforce, Oracle, Atlassian. I'm sure I'm missing a bunch. Besides Atlassian, the rest are all $150-300B companies right now. That's been the same thing for ~15 years now. That's how long I can attest to that behavior for.

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

#534

Post by zepto »

aierou wrote: post #528
zepto wrote: post #524

Earlier quoted context omitted.

> 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. Yes, and Facebook is contributing to the acceleration of those things. Is that not something you have considered?

No. These problems would certainly exist even if Facebook never did. Like I said, Facebook could be dismantled by regulators today. It won't do anything. Do you think Facebook or other social media are the main contributors to the acceleration of those things? Why?

Ok, so you deny that Facebook contributes to any problems. Understood.

Can you explain why your account was created in 2014 but was only activated 9 months ago to begin defending Facebook?

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

#535

Post by zepto »

rdtwo wrote: post #533
zepto wrote: post #525

Earlier quoted context omitted.

I guess you are not aware that TikTok is both highly profitable and valuable.

But it’s not Facebook size yet

Don’t you mean Facebook isn’t TikTok’s size yet, since Facebook is declining both in revenue and users.

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

#536

Post by jsemrau »

potatolicious wrote: post #408
jsemrau wrote: post #232

Earlier quoted context omitted.

You are absolutely right. Looking back at the days of Mafia Wars and Farmville. For these games social was a core aspect of their success. Now Roblox, Minecraft, and Fifa have incorporated similar features already. In 2022 it's not that hard anymore. So, what would FB's moat be? How large is the overlap between FB's current customers and new Metaverse customers?

Agreed - if anything FB has a harder fight than folks like Fortnite, Roblox, and Minecraft. FB is really noncommittal about what a metaverse product would even be , which can be interpreted either as secrecy... or they just don't know themselves. From the little we've seen (notable that it's 100% CGI concept reels and 0% anything concrete) it really does seem like just social spaces. One thing the game studios have f…

>What does FB bring to the table that Roblox, Fortnite, Minecraft, etc, would care about?

1. Identity management 2. Network management

But then realistically, are these really pain points?

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

#537

Post by pixl97 »

CurrentB wrote: post #447
IgorPartola wrote: post #234

Earlier quoted context omitted.

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…

Totally agree wrt marketplace. For awhile it was great, the only reason to sign on to Facebook. You could sell anything locally easily and quickly. It really pulled off being a better craigslist which is no easy feat and not something I ever would have thought Facebook would do. Then maybe a year ago they started focusing on non local/commercial sales and it rapidly degraded to the point where it's not worth using no…

Even better is when your yard sale gets blocked because its generating too much traffic/too many messages.

Wife had that happen when we moved last year.

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

#538

Post by nikolay »

sedatk wrote: post #390
nikolay wrote: post #295

Earlier quoted context omitted.

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

No, I don't think that. I didn't even mention that.

Exactly my point. Gimmicks get old. A gimmick you need to wear on your head gets old even faster.

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

#539

Post by tekknik »

ryan_lane wrote: post #427
matt_wilson_206 wrote: post #316

Earlier quoted context omitted.

Finally, someone with a similar Facebook experience to my own. I've been reading threads about how horrific the FB feed is for years, but my own is literally 99% updates from friends I don't get to see, and an occasional ad (that is interesting more often than not). Glad to know I'm not completely alone!

I eventually had to delete my Facebook, but I also did what the parent said, but my feed was primarily suggested content, which was mostly videos, and occasionally it would throw in Fox news, or one of the alt-right shills. I think this content is driven by who you're connected to, and I think it ignores your mutes. I have a lot of friends and family in Louisiana. I've lost friends to QAnon. So, yeah, if we're going…

Fox news is alt right now?

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

#540

Post by skinnymuch »

ethbr0 wrote: post #434
skinnymuch wrote: post #201

Earlier quoted context omitted.

Google is up 7.5% today. Google had one of the best valuation growths in the past 2 years of mega cap companies. It makes little to no financial sense, compared to other tech and web companies, for Facebook stock to remain down 25%. Their PE is going to be like 17.5 now.

Aren't all current tech valuations still playing chicken with future growth expectations? So when sentiment with regards to them changes, it compounds back on the current price. But the whatever% is after hours trading, so we'll see what the market does tomorrow when it's open.

Yeah. I mean even besides the playing chicken...it's playing chicken in general with sentiment and stuff too. I guess that is saying the same thing you are saying. Like Apple's PE going from a fairly low number to now being around 30. I don't know what to say or think of that or anything.

It's funny and silly. Not misinformation, but a stretch to say the drops and gains of stocks on a day to day basis is honesty to the general person.

If instead, if by default, numbers in charts and articles talked about these one day changes in stock prices alongside trailing 3, 5, or X day/week percentage changes.

Sure. Snap is up 45% today. However it was down 25% yesterday. Really, it went from $32.XX to $35.XX across two days and the entire week. A solid 10% gain.

Would be nice if the culture would include

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