Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Meta Reports Second Quarter 2022 Results

investor.fb.com

Post reply on HN
Print view View original

71–80 of 223 posts

Re: Meta Reports Second Quarter 2022 Results

#71

Post by Karrot_Kream »

cletus wrote: post #57

Disclaimer: Ex-Facebooker. The first thing to know about Facebook is that they view the social media landscape in two dimensions: format and audience size. Format here means text -> audio -> video. So if you look at the match up between audience of 1:1,000,000 and text you'll find Twitter, for example. This has served FB quite well but what happens after video, if anything? Well, the company believes the next two ste…

> So now Meta stock has lost half its value. The best performers will be looking at the door. An effort to weed out low performers is going to make things incredibly toxic. It won't weed out bottom performers. It'll weed out those who are the worst at politics because that's what employee calibration is.

Just FYI this is not a uniquely Meta problem or even a Big Tech problem. This is going to hit almost every tech company. Stocks are down across the board, and Meta stock losing half its value is just business as usual in this economy. Best performers will look at the door to... end up at another company shedding its stock value for the same. Layoffs and cuts always create lots of FUD and while they're generally based around performance, politics is omnipresent and will always result in unjustified winners and unneeded losers.

Re: Meta Reports Second Quarter 2022 Results

#72

Post by Karrot_Kream »

chrisco255 wrote: post #65
cletus wrote: post #57

Disclaimer: Ex-Facebooker. The first thing to know about Facebook is that they view the social media landscape in two dimensions: format and audience size. Format here means text -> audio -> video. So if you look at the match up between audience of 1:1,000,000 and text you'll find Twitter, for example. This has served FB quite well but what happens after video, if anything? Well, the company believes the next two ste…

Re: #2, they also decided to merge Facebook with Oculus login, and I still refuse to buy an Oculus for that reason alone. I'm tired of my data being cross analyzed and seeing creepy ads follow me around the internet. Last thing I want to do is plug into some Facebook metaverse where even my eyeball movements are analyzed and processed. As a kid I thought I would love VR. And even as solid as the modern experiences ha…

> As a kid I thought I would love VR. And even as solid as the modern experiences have gotten, spending more than 15 minutes in a headset is nauseating, and there's so much ceremony to get set up and you pretty much are expected to stand while playing. I'd rather veg out on the couch with a PS4 controller, I guess?

Yeah VR tech needs to become much more seamless before it impacts the market. But we can see that as headsets get better, a larger market segment is willing to take part. Every upgrade in experience and ergonomics opens up another tier of user.

Re: Meta Reports Second Quarter 2022 Results

#73

Post by brianhorakh »

spaceman_2020 wrote: post #63
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.

They’ve deeply embedded themselves into my life because of Whatsapp. Life and work are nearly impossible here without Whatsapp.

Talk to your friends and family about matrix.org, setup a whatsapp bridge for the laggards.

Re: Meta Reports Second Quarter 2022 Results

#74

Post by solarmist »

spaceman_2020 wrote: post #62
solarmist wrote: post #51

Earlier quoted context omitted.

Snarky only comments aren’t in the spirit of HN… That said I laughed out loud to this. I’m not a FB fan because of all the dark patterns. Edit: Added “only”

Quoted post unavailable.

It’s not the snarkiness. It can be snarky if it also adds to the conversation. There wasn’t really anything people could say in repose to your comment that was relevant to the topic.

Re: Meta Reports Second Quarter 2022 Results

#76

Post by dnissley »

chrisco255 wrote: post #65
cletus wrote: post #57

Disclaimer: Ex-Facebooker. The first thing to know about Facebook is that they view the social media landscape in two dimensions: format and audience size. Format here means text -> audio -> video. So if you look at the match up between audience of 1:1,000,000 and text you'll find Twitter, for example. This has served FB quite well but what happens after video, if anything? Well, the company believes the next two ste…

Re: #2, they also decided to merge Facebook with Oculus login, and I still refuse to buy an Oculus for that reason alone. I'm tired of my data being cross analyzed and seeing creepy ads follow me around the internet. Last thing I want to do is plug into some Facebook metaverse where even my eyeball movements are analyzed and processed. As a kid I thought I would love VR. And even as solid as the modern experiences ha…

re: The merging of facebook with oculus login -- next month you'll be able to create a standalone "meta" account, which are basically the equivalent of the old oculus accounts. You don't have to link them with a facebook account or any other existing account (but you will have the option).

https://store.facebook.com/help/accounts/?intern_source=blog...

Disclaimer: I work on a team that's helping out with this effort

Re: Meta Reports Second Quarter 2022 Results

#77

Post by Closi »

hamandcheese wrote: post #70

Facebook pays a lower effective tax rate than most HN commenters.

Well that's probably mostly because the corporate tax rate in the united states is lower than many HN commenters taxes, rather than specific Meta policies.

(USA corporate tax rate is 21%, while someone earning $200k in California would pay an effective rate of 33% including Federal, FICA & State taxes).

Besides - the effective paid 17% compares favourably with their competitors and others in the space.

Post reply on HN