Live data from Hacker News

Another Round of Layoffs at Meta

theverge.com

121–130 of 239 posts

Re: Another Round of Layoffs at Meta

#121

Earlier quoted context omitted.

Their CEOs being less socially awkward than the Meta CEO probably has a lot to do with that, sadly.

> Their CEOs being less socially awkward Could you clarify for someone out of the loop; I always thought Zuck was portrayed as socially awkward.

Yes, he is. I've edited the statement you responded to, to make it more clear.

Re: Another Round of Layoffs at Meta

#122
post #15

Engineering Managers will also begin to code again [1] [1] https://twitter.com/TitterTakeover/status/162873730347973836...

This whole management heavy culture needs to F off. 9/10 people who wants to be a manager are awful as software engineers and they know this is the only way they can stay in the game. Out of those who do become engineering managers it seems all they do is talk a bunch of nonsense and add tremendous levels of roadblocks because they suck at understanding the actual technical problems and I’ll be honest. They’re usuall…

They will never understand you as they think managers are the most important part with devs being just human CPUs for their "wonderful ideas".

Re: Another Round of Layoffs at Meta

#123
post #95

Earlier quoted context omitted.

Meta has a huge global teenage user base with Instagram and WhatsApp. TikTok complements them rather than replacing. All three are growing. I don’t know how they’re going to translate that reach to VR profits either, but focusing on Facebook-using retirees misses the big picture of Meta’s growth.

I don't see teenagers using Instagram much or at all where I live.

There’s something about social media that makes people confidently extrapolate their local observations to global scale.

Meta’s apps have 3.7 billion active monthly users. That’s half the population of the world! It’s impossible to guess their behavioral trends based only on what you and I see around us.

Even Facebook is growing despite nearly a decade of HN users declaring it’s only used by retirees and will soon die out.

Re: Another Round of Layoffs at Meta

#124
Meta is lame company that’s never had a good product or an original idea. They stole the idea of Friendster/MySpace and used anticompetitive tactics to monopolize. Instagram is sort of cool, but that was just an acquisition. They are the first company that comes to mind when I hear Peter Thiel talk about stagnation. Not that the other fangs are impressive, but Facebook is by far the most underwhelming of the lot. All that money and talent and what have they built. 15 years later and it’s still just a MySpace data mining advertising machine.

Re: Another Round of Layoffs at Meta

#125
post #110

Earlier quoted context omitted.

Is the Metaverse something that wants to be done and Meta is its birth helper OR is Meta inventing the Metaverse because it needs something immensely big for its business strategy? My feeling is that Meta is rather running away from a failing business and less running towards a new green meadow.

If you watch kids interact with technology today, you’ll see that there’s already several thriving metaverses in the form of Fortnite, Roblox, and Minecraft. These services no longer function as games in the traditional sense where there’s an objective you complete to win or lose. I mean yes there’s some of that in there still, but you’ll also see they mainly function as digital hangout places where avatars just goof…

Maybe if Facebook was building their own Roblox or similar people might get behind that. It seems to be all in on VR though.

Re: Another Round of Layoffs at Meta

#126
post #80

I would not invest in Meta's metaverse future. It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 P…

They don't have the enthusiasm I don't think, and I believe that is where it falls flat. The technology is not currently something that everyone wants and definitely not something everyone needs. VR is not good at general computing yet, and the form factor and way you engage with it means people won't be using it in the same way they use TVs, game consoles or smart phones. Mass adoption takes apealing to the lowest c…

you realize every single thing you said would have been true when talking about the first smartphones?

The iPhone in 2007 was not a good general computing device, and people were made fun of for looking like dorks because they stared constantly at their screens. And yet here we are, in a future where smartphones diligently satisfy all of consumer's needs and zoning out by looking at your black slab is normalized.

Re: Another Round of Layoffs at Meta

#127
post #97

I would not invest in Meta's metaverse future. It feels like Windows Mobile. Meta has the early start, money, captive audience and enthusiasm, but they don't have the hardware/software edge (that Apple coincidentally also has this time around) to really make the idea work. The headsets are not going to revolutionize much running Facebook games on budget Qualcomm SoCs, and Facebook cant buy an Unreal Engine or an M2 P…

Could you imagine your Facebook using parents and grandparents donning a VR headset and regularly interacting with the metaverse? I couldn't, not unless the technology improved dramatically to the point where the headset more closely resembled glasses than yuppie techno goggles. I can't see that happening anytime soon, which is a problem if they're trying to build something with mainstream appeal.

It's not the output, it's the input.

To reach the scifi potential of VR, you need to be able to put on your VR headset, recline in a comfy chair, and then run and jump around a virtual world without moving your body.

As long as you need a controller or to physically walk around your living room, it's a neat trick, but a limited one.

Re: Another Round of Layoffs at Meta

#128

Meta is lame company that’s never had a good product or an original idea. They stole the idea of Friendster/MySpace and used anticompetitive tactics to monopolize. Instagram is sort of cool, but that was just an acquisition. They are the first company that comes to mind when I hear Peter Thiel talk about stagnation. Not that the other fangs are impressive, but Facebook is by far the most underwhelming of the lot. All…

What ways have they been anti-competitive? I hear lots of people refer to fb specifically as a monopoly, and talk about the need to break them up or punish them for behavior. Compared to other fangs, I don’t know what they’ve done? I’m not denying it but genuinely curious what people have to say.

Eg Apple has taken heat for its restrictions on App stores and the double standards they impose on competitors. I’ve also heard of Google slowing down YouTube on competitors browsers to push chrome.

I can’t think of any direct anticompetitive behavior beyond building a product that benefits from the network affect.

Re: Another Round of Layoffs at Meta

#129

I find that my FB feed is roughly 50% ads. Sometimes there are two, or even three ads in a row. I barely use it anymore (and I've literally never clicked on an ad). I wonder why FB thinks people will use their product when it is half advertisements. People watch 21 mins of TV with 9 mins of commercials, and they would revolt if it were 15/15.

Its not that I don't believe your general point but I would be interested in evidence that you're getting more than 1 in a row. I am $50MM+/year spender on Meta ads and while I know that ad load is up I don't think its up that much where ads run alongside each other. If you can show me evidence of this I will make a big fucking deal of this to Meta.

Out of curiosity, I went through my results on m.facebook.com. I really need to get ad blocking on mobile going again.

Post, ad, post, ad, reels (which I've never intentionally clicked), ad, 3 posts, (ad, 2 posts) repeated indefinitely.

My wife, through the Facebook app, had a roughly similar pattern, though with far more suggested groups.

Re: Another Round of Layoffs at Meta

#130

Meta is lame company that’s never had a good product or an original idea. They stole the idea of Friendster/MySpace and used anticompetitive tactics to monopolize. Instagram is sort of cool, but that was just an acquisition. They are the first company that comes to mind when I hear Peter Thiel talk about stagnation. Not that the other fangs are impressive, but Facebook is by far the most underwhelming of the lot. All…

What ways have they been anti-competitive? I hear lots of people refer to fb specifically as a monopoly, and talk about the need to break them up or punish them for behavior. Compared to other fangs, I don’t know what they’ve done? I’m not denying it but genuinely curious what people have to say. Eg Apple has taken heat for its restrictions on App stores and the double standards they impose on competitors. I’ve also…

They've bought their way into controlling the majority of the social media space with the acquisitions of IG and WhatsApp. TikTok has helped put a dent on that, but outside the US (and its strange fixation for the colour of the online messages' background) they still control almost all the private messaging space (of course, I'm ignoring markets like China and Russia, where there are other things at play).
Post reply on HN