Meta Is in Trouble

Is it really, though? I feel like Myspace was similar to Facebook as it launched, but Facebook has since grown into a behemoth walled garden that replaces a good fraction of the internet outside of tech-nerd circles.

Re: Meta Is in Trouble

#6

Post by 0des » Sun, Feb 06, 2022, 3:03 AM UTC

sanguy wrote: post #3

Remember MySpace? No? Facebook is on the same path and will, eventually, meet the same end.

Tom just wanted to be my friend, teach me some HTML, and roll out with his fortune to take pictures of his travels.

Zuckerberg is none of these things.

Re: Meta Is in Trouble

#7

Post by antoniuschan99 » Sun, Feb 06, 2022, 4:35 AM UTC

mxschumacher wrote: post #4

sanguy wrote: post #3

Remember MySpace? No? Facebook is on the same path and will, eventually, meet the same end.

Instagram, WhatsApp and Oculus seem to be doing extremely well

Oculus lost money (10b) but I mean they bet the whole company on it. So will be interesting what happens.

https://www.protocol.com/bulletins/meta-vr-revenue-2021-loss...

IG looks like it’s doing well financially but it’s getting eaten up by Tik Tok.

Whatsapp makes no money though lol, and it’s only successful abroad not the US

Re: Meta Is in Trouble

#8

Post by screye » Sun, Feb 06, 2022, 6:21 AM UTC

antoniuschan99 wrote: post #7

mxschumacher wrote: post #4

Earlier quoted context omitted.

Instagram, WhatsApp and Oculus seem to be doing extremely well

Oculus lost money (10b) but I mean they bet the whole company on it. So will be interesting what happens. https://www.protocol.com/bulletins/meta-vr-revenue-2021-loss... IG looks like it’s doing well financially but it’s getting eaten up by Tik Tok. Whatsapp makes no money though lol, and it’s only successful abroad not the US

> only successful abroad

I don't see why that's a problem. Monopolizing the entire EU and South Asia market is huge. It is pretty popular in the US too, and the app of choice of immigrant communities.

> getting eaten up by Tik Tok.

Tiktok has reels, but I haven't heard any insta under complain about the core photo sharing and stories feature. It is perfectly fine. The reels are straight from tiktok tho.

> Oculus lost money

Oculus faces a massive technical challenge, but if it pulls through, Facebook will have such a huge 1st movers advantage it will be unsurmountable. It is a big bet, but it is genuinely the only true revolution in media consumption that I can see around the horizon.

Re: Meta Is in Trouble

#9

Post by chii » Sun, Feb 06, 2022, 6:34 AM UTC

hiptobecubic wrote: post #5

sanguy wrote: post #3

Remember MySpace? No? Facebook is on the same path and will, eventually, meet the same end.

Is it really, though? I feel like Myspace was similar to Facebook as it launched, but Facebook has since grown into a behemoth walled garden that replaces a good fraction of the internet outside of tech-nerd circles.

And the demographics that facebook wants to target is very quickly migrating away (to tiktok mostly). Even google is scared of tiktok (enough to pour untold amount of resources to try catch up via youtube shorts).

It's funny, because Vine had this market first, and it failed spectacularly - if only they built a better recommendation engine!

Re: Meta Is in Trouble

#10

Post by CodeGlitch » Sun, Feb 06, 2022, 7:51 AM UTC

hiptobecubic wrote: post #5

sanguy wrote: post #3

Remember MySpace? No? Facebook is on the same path and will, eventually, meet the same end.

Is it really, though? I feel like Myspace was similar to Facebook as it launched, but Facebook has since grown into a behemoth walled garden that replaces a good fraction of the internet outside of tech-nerd circles.

Could go the IBM route? And change into something else with far less relevance?