Sheryl Sandberg stepping down as Facebook COO

Post by loceng » Wed, Jun 01, 2022, 8:09 PM UTC

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.

Post by navbaker » Wed, Jun 01, 2022, 8:09 PM UTC

jrochkind1 wrote: post #66

atourgates wrote: post #21

"Sitting by Mark’s side for these 14 years has been the honor and privilege of a lifetime. [...] In the critical moments of my life, in the highest highs and in the depths of true lows, I have never had to turn to Mark, because he was already there." If this is an accurate reflection of her experience, I don't expect it's a side of Mark Zuckerberg most of us imagine exists.

When you saw only one set of tracking cookies, it was then that Mark Zuckerberg was carrying you.

Post by cma » Wed, Jun 01, 2022, 8:09 PM UTC

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…

Post by dylan604 » Wed, Jun 01, 2022, 8:10 PM UTC

tejohnso wrote: post #84

tempsy wrote: post #69

Earlier quoted context omitted.

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.

Post by gkoberger » Wed, Jun 01, 2022, 8:10 PM UTC

atourgates wrote: post #21

"Sitting by Mark’s side for these 14 years has been the honor and privilege of a lifetime. [...] In the critical moments of my life, in the highest highs and in the depths of true lows, I have never had to turn to Mark, because he was already there." If this is an accurate reflection of her experience, I don't expect it's a side of Mark Zuckerberg most of us imagine exists.