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Meta Reports Second Quarter 2022 Results

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Re: Meta Reports Second Quarter 2022 Results

#31

Post by pid-1 »

alliao wrote: post #29
jstummbillig wrote: post #14

Earlier quoted context omitted.

Okay at the danger of outing myself as financially incompetent at big company level, the difference seems neglible?

the game is you're supposed to beat analysts figures at the very least. easier when you have headroom or extra trick up your sleeves. I vaguely remember there was a time when facebook was so hot they were able to cook up a nice round figure for revenue or something prior or for IPO. pure flexing.

Why?

Facebook isn't a Hedge Fund. They want to beat their competitors, not market research predictions.

Re: Meta Reports Second Quarter 2022 Results

#33

Post by colinmhayes »

pclmulqdq wrote: post #28
colinmhayes wrote: post #21

Earlier quoted context omitted.

Mark is unkickable, he has owns the majority of votes. We’re not even close to a world where he kicks himself

My guess is that he will resign in shame if the "Metaverse" project doesn't pan out for them, and get replaced by an MBA.

Sure, but he gave himself until 2030 to prove the metaverse.

Re: Meta Reports Second Quarter 2022 Results

#35

Post by yuppie_scum »

pclmulqdq wrote: post #28
colinmhayes wrote: post #21

Earlier quoted context omitted.

Mark is unkickable, he has owns the majority of votes. We’re not even close to a world where he kicks himself

My guess is that he will resign in shame if the "Metaverse" project doesn't pan out for them, and get replaced by an MBA.

It should be pretty obvious at this point that the man has no shame.

Re: Meta Reports Second Quarter 2022 Results

#37

Post by civilized »

pclmulqdq wrote: post #3

Lower 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.

At the current rate of year-over-year decline in operating income, they'll be losing money in two short years.

Then they'll be as dead as eternal money-losing cash pit Uber.

someone whispers in my ear ... correction, I'm being told Uber is still not dead.

I know, I know, I'm as confused as you are.

Re: Meta Reports Second Quarter 2022 Results

#38

Post by almog »

Yes, Facebook has weathered past storms by adapting to changes, but anyone using Google+ failure to draw parallels with TikTok, is making a superficial comparison at best.

For one, Google+ never matured in terms of user engagement or DAU that interacted with its social feed. It's not Facebook's "war story" but a story of Google's own failure.

Re: Meta Reports Second Quarter 2022 Results

#40

Post by pavlov »

pclmulqdq wrote: post #3

Lower 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.

Comparing to 2021 can be misleading because the Covid year was a strange anomaly for digital businesses. That kind of profits may be a long way off for most of them.

Meta's operating income (i.e. profit before taxes and interest basically) for this past quarter was $8.3 billion. That's roughly the same as Exxon did in its Q1. "Au revoir" seems premature when they're still raking in that much cash.

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