Meta Reports Second Quarter 2022 Results
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Meta Reports Second Quarter 2022 Results
1–10 of 223 posts
Re: Meta Reports Second Quarter 2022 Results
#2Great to see the beginning of the end of Meta / Facebook with their first revenue miss.
Hopefully their metaverse play is a costly fatal distraction that will ultimately lead them to lose more money while lots of people run away from using their platform.
The fact they are ruining their own product [0] to compete with TikTok shows that they have completely run out of ideas.
There is no saving Facebook / Meta this time.
[0] https://www.washingtonpost.com/technology/2022/07/27/instagr...
Re: Meta Reports Second Quarter 2022 Results
#3Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year.
Au revoir, Facebook.
Re: Meta Reports Second Quarter 2022 Results
#4[deleted]
Re: Meta Reports Second Quarter 2022 Results
#5Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year. Au revoir, Facebook.
They are still a very powerful part of interpersonal communication - friends and family.
The only way forward is for them to kick out Mark, stop the insanity that is Metaverse, focus on their core and play nice with the platforms and regulators.
Re: Meta Reports Second Quarter 2022 Results
#6Like I said before, the premature death of Meta Platforms constantly screamed here and even orchestrated and parroted by the mainstream media, has been greatly exaggerated.
Still profitable in a market downturn even with rising inflation fears causing everyone else in big tech to slightly miss expectations. DAUs, MAUs up again and they will be here for another 10+ years like it or not.
It's business as usual folks.
Re: Meta Reports Second Quarter 2022 Results
#7Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year. Au revoir, Facebook.
Yeah as much as I hope they go the way of the dodo I think they're far too big to die soon. MySpace wasn't anywhere close to their size when it died. That being said it doesn't mean we can't hope and pray for such things. ;-)
Re: Meta Reports Second Quarter 2022 Results
#8https://www.cnbc.com/2022/07/27/facebook-parent-meta-earning...
- Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
- Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv
- Daily Active Users (DAUs): 1.97 billion vs 1.96 billion expected, according to StreetAccount
- Monthly Active Users (MAUs): 2.93 vs 2.94 billion expected, according to StreetAccount
- Average Revenue per User (ARPU): $9.82 vs. $9.83 expected, according to StreetAccount
Re: Meta Reports Second Quarter 2022 Results
#9Lower revenue than Q2 of 2021 and higher expenses. They're on track to have significantly lower net income this year than last year. Au revoir, Facebook.
Yeah as much as I hope they go the way of the dodo I think they're far too big to die soon. MySpace wasn't anywhere close to their size when it died. That being said it doesn't mean we can't hope and pray for such things. ;-)
Well, the trend is that the successor is worse.
Looks at TikTok...
Re: Meta Reports Second Quarter 2022 Results
#10Great to see the beginning of the end of Meta / Facebook with their first revenue miss. Hopefully their metaverse play is a costly fatal distraction that will ultimately lead them to lose more money while lots of people run away from using their platform. The fact they are ruining their own product [0] to compete with TikTok shows that they have completely run out of ideas. There is no saving Facebook / Meta this tim…
They’re still printing money. It’s hardly the end. People said this about Microsoft for years when they missed mobile, and look at them now.