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

Sheryl Sandberg stepping down as Facebook COO

cnbc.com

Post reply on HN
Print view View original

81–90 of 619 posts

Re: Sheryl Sandberg stepping down as Facebook COO

#81

Post by jedberg »

deeptote wrote: post #28
frisco wrote: post #25

I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…

I don't know anyone under 50 who actively uses Facebook.

My wife and I and most of our friends use it daily and we’re in our 40s.

It’s true that the 20somethinga don’t use it much, but they’re all on Instagram.

Re: Sheryl Sandberg stepping down as Facebook COO

#82

Post by wincy »

deeptote wrote: post #28
frisco wrote: post #25

I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…

I don't know anyone under 50 who actively uses Facebook.

I’m 35 and it’s the only place to find and hang out with my friends. I also post pictures of my kids so grandparents will ooh and ahh. My wife gets hundreds of likes on her posts.

Also the ads I get are generally shockingly relevant to me. I buy stuff from Facebook ads sometimes.

Re: Sheryl Sandberg stepping down as Facebook COO

#83

Post by guerrilla »

rockinghigh wrote: post #56
minimaxir wrote: post #7

It's possible this announcement was intentionally timed against the media-consuming Depp/Heard trial verdict announcement in an attempt to bury the news. Meta stock went down a few points immediately after the announcement.

These moves are prepared months in advance. I'm not sure why you would link an unrelated trial about a movie star to the announcement. Sheryl is a billionaire, she probably wants to take time off.

> I'm not sure why you would link an unrelated trial about a movie star to the announcement.

They told you why, to bury the news, which they all have an incentive to do. If it wasn't the trial verdict (which is dominating the news), they could have waited until something else to displace it. News outlets have finite space and time and the public has a finite attention span, not too hard to take advantage of that.

Re: Sheryl Sandberg stepping down as Facebook COO

#84

Post by tejohnso »

tempsy wrote: post #69
throwaway3907 wrote: post #64

Earlier quoted context omitted.

Meta reported revenue of $27.9 billion in Q1 2022. They will continue making billions from ads for decades even if the metaverse play goes nowhere. But if you believe that VR/AR is going to eventually go mainstream then Meta is positioned to be a player in that market, even if it’s just a 2nd or 3rd place player that’s potentially billions in additional revenue.

Well the epic stock slide over past few months would tell you investors are highly cautious about the company’s future.

On a 3 month chart FB is down 10% from start to now.

That's hardly "epic".

And the NASDAQ composite is down 13% in the same time frame.

Re: Sheryl Sandberg stepping down as Facebook COO

#85

Post by PragmaticPulp »

deeptote wrote: post #28
frisco wrote: post #25

I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…

I don't know anyone under 50 who actively uses Facebook.

Yet somehow

1) Meta has a lot of active users across all of their properties (Facebook, Instagram, Whatsapp). Even the core Facebook product generates a lot of activity, which can be seen from their financials.

2) The great majority of Facebook users are under 50 (Source: https://www.statista.com/statistics/187549/facebook-distribu... )

HN commenters (and their friends) don't overlap with Facebook's userbase as much as the general population. It doesn't make sense to try to extrapolate from individual anecdotes when vast quantities of research and data are available on the topic. It's reminiscent of people who refuse to acknowledge climate change because it's not hot where they live. Ignore your bubble, focus on the plentiful data available.

Re: Sheryl Sandberg stepping down as Facebook COO

#86

Post by marcinzm »

my69thaccount wrote: post #35
rr808 wrote: post #18

Whatever you think of FB politics (which I'm not sure how much influence she has), ops wise she has done an outstanding job at FB to make it run.

What are you talking about? She is the face of the Cambridge Analytica scandal.

And Facebook/Meta has come out of all that with even more revenue than before. I call that a business success even if not an ethical success.

Re: Sheryl Sandberg stepping down as Facebook COO

#87

Post by bornfreddy »

hollerith wrote: post #43
paxys wrote: post #22

Earlier quoted context omitted.

It does not require a FB account. You can see it from an incognito window just fine.

I tried that just now, and got a "you must log in" page.

Interesting, it works for me... Maybe try in a different browser to avoid supercookies / fingerprinting?

Re: Sheryl Sandberg stepping down as Facebook COO

#88

Post by lbhdc »

throwaway3907 wrote: post #64
frisco wrote: post #25

I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…

Meta reported revenue of $27.9 billion in Q1 2022. They will continue making billions from ads for decades even if the metaverse play goes nowhere. But if you believe that VR/AR is going to eventually go mainstream then Meta is positioned to be a player in that market, even if it’s just a 2nd or 3rd place player that’s potentially billions in additional revenue.

I don't think most people think it will crater and be gone tomorrow. I suspect people tend to think that if it is on a decline it will be a long slow death.

Re: Sheryl Sandberg stepping down as Facebook COO

#89

Post by konschubert »

frisco wrote: post #25

I increasingly believe that Facebook’s pivot to Meta will end up going down as one of the biggest misses in the history of business. The metaverse is a real idea yes - but strapping a phone to your face and walking through your coffee table isn’t it. Especially not with a mediocre centralized FB owned “virtual world” where they inflict heavy taxes and content moderation. Facebook has neglected its core businesses for…

Right business move would have been to just keep enough engineers to keep facebook and instagram running. Cut costs aggressively and milk that slowly sinking ship for the next 3 decades.

Oh, and invest into whatsapp.

Re: Sheryl Sandberg stepping down as Facebook COO

#90

Post by garettmd »

tempsy wrote: post #69
throwaway3907 wrote: post #64

Earlier quoted context omitted.

Meta reported revenue of $27.9 billion in Q1 2022. They will continue making billions from ads for decades even if the metaverse play goes nowhere. But if you believe that VR/AR is going to eventually go mainstream then Meta is positioned to be a player in that market, even if it’s just a 2nd or 3rd place player that’s potentially billions in additional revenue.

Well the epic stock slide over past few months would tell you investors are highly cautious about the company’s future.

Everything is going down right now. -10% over the last 3 months doesn't seem that epic to me.
Post reply on HN