facebook will fail

[Data-Hawk]

Bullshyt, there's always competition you just have to look for it before it becomes an adversity.

Instagram.

 

[Robbie3000]

Ehh, Facebook is highly overvalued. They just don't own any proprietary technology that can give them a true competitive advantage going forward. They already have 800 million members and they are still not able to generate significant revenues. their growth going forward will be mainly in developing countries and outside of basic consumer goods, how many of their new members are going to have the spending power to be attractive to advertisers. Their revenues do not justify the prices investors are paying.

They are going to have to diversify and extend their product line with products that can align and take advantage of the dominance they currently have in the social networking space. But do they really have the competency to make inroads into consumer products market like smart phones, tablets, and other consumer tech products? I doubt it.

 

[88m3]

Ehh, Facebook is highly overvalued. They just don't own any proprietary technology that can give them a true competitive advantage going forward. They already have 800 million members and they are still not able to generate significant revenues. their growth going forward will be mainly in developing countries and outside of basic consumer goods, how many of their new members are going to have the spending power to be attractive to advertisers. Their revenues do not justify the prices investors are paying.

They are going to have to diversify and extend their product line with products that can align and take advantage of the dominance they currently have in the social networking space. But do they really have the competency to make inroads into consumer products market like smart phones, tablets, and other consumer tech products? I doubt it.

they just spent a few billion on patents I thought..

Anyways avoid this stock.

classic pump and dump

 

[Suicide King]

Ehh, Facebook is highly overvalued. They just don't own any proprietary technology that can give them a true competitive advantage going forward. They already have 800 million members and they are still not able to generate significant revenues. their growth going forward will be mainly in developing countries and outside of basic consumer goods, how many of their new members are going to have the spending power to be attractive to advertisers. Their revenues do not justify the prices investors are paying.

They are going to have to diversify and extend their product line with products that can align and take advantage of the dominance they currently have in the social networking space. But do they really have the competency to make inroads into consumer products market like smart phones, tablets, and other consumer tech products? I doubt it.

I agree, not having proprietary technology limits them.

Facebook is mostly used as a service where people can keep in touch with family and friends without having to have a "forced" 30 minute conversation.

Its a service no different than Radio and TV stations which have billions of viewers, or internet search engines or e-mail. Its not about strength in numbers but the power of a dollar.

Facebook needs to find a way to produce revenue, and it is tough cause I guarantee you not a lot of those users spend more than 5 or 10 minutes on their page or go to their account more than 3 or 4 times per week.

 

[Macallik86]

Zuckerberg has a plan to rescue Meta, but can he convince his own employees?

“Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

www.theverge.com

Some cliffnotes:

“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said on the June 30th call, according to a recording obtained by The Verge. “And part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might just say that this place isn’t for you. And that self-selection is okay with me.”

Meta’s own analysis of morale tracks with its stock price: in a recent internal employee “Pulse” survey that the company takes seriously, only 39 percent of respondents reported feeling optimistic about the company’s future. Just 42 percent expressed “confidence in leadership.” Both are the lowest numbers ever. The sunniest stat: 77 percent said they’d still recommend working at the company.

Things got even worse a few days later when word spread across Workplace that the company wasn’t planning to hire any of its current interns at the end of their program. Like many companies in tech, Meta’s internship pipeline has historically been a crucial, fiercely competitive source of junior hires. The decision was framed as part of the broader hiring slowdown.

Employees were furious. “This is extremely sad, is there any other way to motivate our interns?” one asked. “My intern spent all of her internship across the country from her 18 month old daughter,” another said. Another saw the decision as indicative of deeper cuts to come: “When a company starts cutting interns (or junior roles in general), it’s generally a really bad sign for the company as a whole.”

That may be why, on the day of the fiery all-hands, the second most upvoted question, after one about layoffs, was about compensation. “Seems like other companies are compensating their employees because of the stock dip,” one staffer wrote. “Will Meta also compensate [in a] similar fashion?”

Zuckerberg, who personally sold over $4 billion in stock last year before the market crashed, explained that compensation is evaluated at the beginning of the year, and that wasn’t going to change.

“I get that it can be painful when there’s volatility in the middle of the year,” he said. “But I think, frankly, I want the teams working on products and the things that we need to ship right now.” Layoffs weren’t planned, he said, but they also weren’t ruled out.

It's crazy how some of the most technically gifted programmers are some of the dumbest. With that skillset, you can get a job anywhere and yet you are putting up w/ a CEO that doesn't give a shyt about you.

At the same time, it's kinda karma for getting in bed w/ such an amoral company, then being surprised when they don't give AF about you as a worker. It's even dumb enough that it's causing strife internally:

an engineering executive at the company, Maher Saba, told managers that they needed to identify people on their team who “need support” by 5PM the following Monday and “exit people who are unable to get on track.”

“If a direct report is coasting or a low performer, they are not who we need; they are failing this company,” he said in an internal post that was deleted after it was published by The Information and posted on Blind, an anonymous message board for tech workers. “As a manager, you cannot allow someone to be net neutral or negative for Meta.”

“Coasters know they’re coasting,” one employee said on Workplace after the post leaked. “You’ve seen them gloat on Blind about resting and vesting and avoiding doing real work. They are well aware that they are milking the company for all it’s worth while living like royalty. They are not you.”

The term became a meme in no time. “Coast, Coasters, Me,” a riff on Meta’s recently introduced “Meta, Metamates, Me” mantra, made the rounds on Workplace. Employees mocked up posters for the walls of Meta’s headquarters that asked “Should you be here?” in bold, all-caps red letters, while others posted mockups of the question on literal coasters. “Look at this dude coasting,” one employee wrote above a picture of Zuckerberg hydrofoiling on a lake while holding the American flag.

 

[dora_da_destroyer]

stock comp is not guaranteed comp and shouldn't be seen or treated as such, it's a carrot to be more invested in the company's success. you go a generation of tech workers who only worked through the boom an expect stock to always go up, it doesn't. your base is what you should be planning your life around and how you should measure pay, no other industry adds a third layer of compensation as commonly as tech (most industries are base or base + bonus), the people who complain about stock don't realize that even with it being down, they are still so far ahead of the average worker.

that said, FB is a shyt company who hasn't created anything successful other than FB (which was stolen) and I wouldn't care if they flame out

 

[ogc163]

the hot takes in this thread

 

[InGodWeTrust]

Think one of the biggest, longest standing social media platforms is gonna fail, brehs.

 

[1thouwow]

Zuckerberg has a plan to rescue Meta, but can he convince his own employees?

“Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

www.theverge.com

Some cliffnotes:




It's crazy how some of the most technically gifted programmers are some of the dumbest. With that skillset, you can get a job anywhere and yet you are putting up w/ a CEO that doesn't give a shyt about you.

At the same time, it's kinda karma for getting in bed w/ such an amoral company, then being surprised when they don't give AF about you as a worker. It's even dumb enough that it's causing strife internally:

 

[drifter]

Zuckerberg has a plan to rescue Meta, but can he convince his own employees?

“Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

www.theverge.com

Literally just finished reading the article and came here to post, they need AR to be as big as they think or they're dead in the water

Think one of the biggest, longest standing social media platforms is gonna fail, brehs.

Not understand what's going on around you, brehs.

FB's usage has declined sharply. That on top of having the oldest average user base of the major platforms makes it a ghost town of right wing misinformation. Apple's privacy settings cost them billions and advertisers like me have to spend the same or a lot more than in the past for entirely worse performing ads. They say they will work to "fill in the gaps" but they can't even with the bits of data they can compile, the main valve is turned off.

IG is putting members off and losing them because they're copying features and turning it into a worse TikTok, which is breaking IG's primary use of picture sharing. The last time celebs like a Kylie Jenner shytted on a platform (Snapchat) it never recovered and Snap's been an afterthought/cold prostitution den since. They're now coming after IG and now if they weren't already, 520+ million people following Kim & Kylie are thinking about how shytty IG is now + all the other celebs that'll piggyback.

The Verge did a good article about IG too clickbait aside:

https://www.theverge.com/2022/7/26/23279815/instagram-feed-kardashians-criticism-fukk-it-im-out

Meta's base is aging out, their advertising backbone has been disrupted, they're chasing trends and still losing interest. Zuckerberg and the workers are all extremely concerned but you're not lol

 

[NoMoreWhiteWoman2020]

the hot takes in this thread

Think one of the biggest, longest standing social media platforms is gonna fail, brehs.

What a difference a decade makes. But addressing my OP, did they double their worth?

But yeah, I was wilding. I might need to go through the rest of my threads and see how many trash hot takes I really had back then

 

[Robbie3000]

the hot takes in this thread

 

[theworldismine13]

im literally working at facebook now lol, they are trying to become a consumer products company and are spending a billion of dollars on it

its an open question how successful it will be but in a couple of years you will see a bunch of FB aka Meta products on the market

 

[Slim]

im literally working at facebook now lol, they are trying to become a consumer products company and are spending a billion of dollars on it

its an open question how successful it will be but in a couple of years you will see a bunch of FB aka Meta products on the market

Yup. Google has been trying to get into hardware for a decade (phones, wifi routers, smart thermostats, smart home + assistants, gaming consoles, TVs, VR, fitness bands, smart watches, etc.) and has similarly poured billions into it.

Still no flagship or dominant product in those segments - except maybe Nest thermostats and Fitbits which were both acquired.

 

[drifter]

Besides photo Instagram is dead and they're still working to kill that

Instagram knows it has a Reels problem

Nearly a third of Reels are recycled content.

www.theverge.com

An internal Meta document obtained by The Wall Street Journal paints the picture of Instagram struggling to court creators as Reels engagement falls. Compared to 197.8 million hours users spend on TikTok a day, Instagram users are spending 17.6 million watching Reels — less than a tenth, according to the document titled, “Creators x Reels State of the Union 2022.” The report, published in August, said Reels engagement had fallen 13.6 percent over the last four weeks, and “most Reels users have no engagement whatsoever,” according to The Wall Street Journal.