Facebook pays a lower effective tax rate than most HN commenters.
Is there a reason corporations even pay taxes, versus just taxing individuals once they get money distributed to them from the corporation?
Meta Reports Second Quarter 2022 Results
91–100 of 223 posts
Re: Meta Reports Second Quarter 2022 Results
#92Bad..as expected. Meta generates tons of cash though, i think it's cheap, imho
They operate on 30% margins, even a bad quarter or two is worth looking at
Re: Meta Reports Second Quarter 2022 Results
#93Facebook pays a lower effective tax rate than most HN commenters.
Is there a reason corporations even pay taxes, versus just taxing individuals once they get money distributed to them from the corporation?
If that happens I’ll form a corporation, rent forever and have my employer pay my corporation and move to a state without income tax.
Re: Meta Reports Second Quarter 2022 Results
#94"Headcount was 83,553 as of June 30, 2022, an increase of 32% year-over-year." Like ... why? They hired 20 000 employees net in a year? And Zuckerberg now somehow says that they need to tighten the belt?
Yeah, that casts a very different light over the suggested layoffs.
Re: Meta Reports Second Quarter 2022 Results
#95I'm guessing they publish their tax rate on the first page to counter criticisms of "big corps that pay no taxes".
It's hard to deny that a company cannot grow forever with the same product. There's literally only so many people on Earth. It's not a bad thing for growth to stop. It's a bad thing for your product to offer a sub par user experience though. I think this is where Facebook has suffered as they prioritized metrics and numbers over making a product that people love.
Re: Meta Reports Second Quarter 2022 Results
#96[deleted]
Re: Meta Reports Second Quarter 2022 Results
#97Guidance is atrocious.
While the misses might not look bad in isolation, the overall picture isn’t looking good. The COO just quit after an extremely successful run, guidance is bad, and worst of all, the planned rebranding to Metaverse has been hijacked by crypto bros shilling ponzis on steroids.
Re: Meta Reports Second Quarter 2022 Results
#98I am very bullish on FB:
1) Founder still has majority voting shares, gives a lot more freedom.
2) I think the Metaverse stuff will pay off in the long run
3) They are making the changes necessary to compete with TikTok.
I am buying shares now at this price
Re: Meta Reports Second Quarter 2022 Results
#99Look how many people FB has to support their webpage. Insane.
It must be mostly backend stuff. It feels like the website itself barely evolved over the past several years.
Re: Meta Reports Second Quarter 2022 Results
#100Imho Facebook has entered Nokia territory. Their core products are losing market share, their innovative products (Oculus) are lacking a killer app.
iPhone has been losing market share and never had a killer app.
And given the Quest2 has a been a commercial success perhaps like the iPhone there is no one game changing single app but a range of apps and features.