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Meta shares drop 20% on Q4 earnings miss, weak outlook

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Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#451

Post by rednalexa »

p1necone wrote: post #211
JCM9 wrote: post #93

Facebook’s core business model appears to be in decline. They don’t have a very diversified revenue stream despite trying various side businesses. This is the market worried that Facebook’s best days are behind it. Facebook is betting the farm on the metaverse stuff but without meaningful financial results that’s not going to placate market concerns over what looks like a downhill future for the core businesses. Face…

I don't get metaverse - they seem to be throwing lots of money and people at it, and hyping it up like it's the future. But from what I've seen so far they've just built VRChat, but worse. It's been done before by other people, it's not a new thing at all (Second Life released almost 20 years ago). This isn't a project that benefits from any of Facebooks strengths - game development companies are much better position…

I personally believe that the rebranding is to attract talent to work for them as Facebook had a negative brand value in tech and required a premium for hiring. This rebranding changes their narrative from a technical perspective. Will it work?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#453

Post by jackling »

sergiotapia wrote: post #260
Aperocky wrote: post #212

Earlier quoted context omitted.

Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.

I don't know a single person under 30 that still uses Facebook for real. They mostly are still there to talk to grandma or parents. If Facebook hadn't bought whatsapp they would be toast. The writing is on the wall, the beginning of the MySpace curve happening before our very eyes.

They also have Instagram, Messenger and Oculus. I think without Whatsapp they'd still be doing decent, and not toast.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#454

Post by snek_case »

sbrother wrote: post #311
IgorPartola wrote: post #234

Earlier quoted context omitted.

So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads. Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from pe…

I'm still a Facebook user (over 30, with kids, friends all over the world, and lots of groups that I care about), but the Reels thing is making me seriously consider leaving for good. It's awful, cringeworthy intrusive clickbaity videos from random kids I've never heard of every few posts on my feed. I clicked the X to make it go away but surprise, it's back. At this point their demographic is not the TikTok demograp…

I feel like they might have had better luck starting a new Reels app, just like messenger is available as a standalone app. They're cramming too much functionality into a single app/webpage and trying to force people to use things they're not interested in. Why not just make a tiktok clone and keep it separate?

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#455

Post by lovecg »

bentcorner wrote: post #252
civilized wrote: post #189

Earlier quoted context omitted.

For the sake of argument let's take you folks' word that it's the future of gaming (for the subset that can tolerate and enjoy the headsets). How much money is in that? I don't believe for a moment that it'll extend into work interactions. Maybe family visiting type experiences, again for the subset that can enjoy the headset setup.

I've tried working in VR and it's... ok. If you're ok with working on a single monitor at At 1440p and above resolution isn't there yet and pushing multiple monitors through to the headset is still (to my knowledge) not practical. The remote desktop-like apps I've tried only do a single monitor. I like the bet that Quest 2 made with making the headset do all the processing, but it fails for tasks like this. I think e…

Here’s the thing though. I remember when the iPhone came out. The web browser experience was a horrible low resolution experience; it was slow, clunky, and you had to charge it every day. Yet none of it mattered - almost overnight everyone became glued to their phones. It didn’t need hyping up like “just wait for 4k to come out and then it will really take off” - people wanted it despite all the original flaws. Same with original game consoles. I don’t know, I just don’t see it.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#457

Post by pouting »

elpakal wrote: post #349
IgorPartola wrote: post #302

Earlier quoted context omitted.

Or I could just go follow different groups I care about on Reddit. I don’t really care that much what Karen from high school thinks of her morning latte and spending the time to improve my feed is just not worth it to me.

I am not on FB but I use Reddit and I’m a little worried about how they will try to monetize when they go public. I have a feeling eventually it will become unusable. I’ve been a Redditor for 10 years now and I really hope the marketing via outrage culture doesn’t make its way there but I feel like it’s only natural.

> I have a feeling eventually it will become unusable.

> I really hope the marketing via outrage culture doesn’t make its way there...

Reddit has been unusable for at least the past five years owing to how they tailor the homepage and r/all to be a wasteland of outrage designed to keep users seething at others. It's basically become the two minutes hate.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#458

Post by laurent92 »

Aperocky wrote: post #212
omot wrote: post #169

This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off. "Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of al…

Well all of those point seem to sum up to: "We're getting beat by Tiktok and we're going to catch up by being more like tiktok" That doesn't exactly exude confidence.

I’m addicted to 9Gag, which is closer to TikTok, but the difference is Facebook’s intensive work on breaching privacy, telling all my friends what posts I like. On 9Gag, liking/commenting is basically anonymous, so we’re not afraid of being seen liking something - thus my 15hrs a week in the app.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#459

Post by ksec »

After the 20% Drop, Meta will have a market cap of $700B. Compared to ( Using billion for comparison )

$2850B Apple $2350B Microsoft $1950B Alphabet $1500B Amazon

I mean you need to be at least Trillion dollar market cap to join the club, the only other trillion dollar market cap crop is Saudi Aramco. But I think we should ignore that. May be dropping Meta from the MAMAA? Even Amazon is twice its size, and at the top Apple is Four times the size.

It is also interesting around Facebook IPO in 2011 / 2012, I actually expected Google and Facebook will destroy each other and become one. either Google winning Social or Facebook took over Search within next 10 years. That didn't happen. Google tries to enter social but have absolutely not a god damn idea what they are doing. It wasn't clear to me then at the time Google had no product mindset.

Had that happened the combined company would be the same size as Apple.

It will be interesting to see Amazon's report in a few hours time. I am wondering if they will join the 2 Trillion dollar club soon.

Re: Meta shares drop 20% on Q4 earnings miss, weak outlook

#460

Post by JCharante »

matt_wilson_206 wrote: post #316
PragmaticPulp wrote: post #299

Earlier quoted context omitted.

> My feed is full of shit I don’t want I don't log in to Facebook very often, but when I do it's not bad at all. I scroll through a few updates from friends and family and catch up with a few people, then I close it for another week or two. There isn't just one "Facebook" that we all see, obviously. Your feed is going to be a reflection of the groups you've joined and the friends you keep (and haven't muted). If you'…

Finally, someone with a similar Facebook experience to my own. I've been reading threads about how horrific the FB feed is for years, but my own is literally 99% updates from friends I don't get to see, and an occasional ad (that is interesting more often than not). Glad to know I'm not completely alone!

I also enjoy using Facebook. I never see extreme ideas. My feed is just:

The local expat group for my city

Vegan recipes

Updates from robot teams

Lame jokes / skits that I enjoy

Birthday posts

Cat pictures

Travel restrictions group (support group for those wanting to come to country X, which is difficult because for the last 2 years it been only charter flights and you need approval from 5 government agencies)

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