Disclaimer: don’t bring Uber into this. Uber sucks now too, and Meta is by far the more successful company with real profits. And the engineers at Meta are smarter and better looking than Uber engineers. So don’t turn this into a pissing contest. But Yahoo was also a wildly successful company that had a billion global users. And it’s dominance dropped and became a zombie company by the 2000s. No innovation, execs filled with rent-seeking mids that did nothing but rest and vest and suck they body of any blood it had. All their best people left and it became a shadow of its former self and got bought by Verizon. Is this Meta’s future? They have peaked in the West and are losing users. Most people I know barely use Facebook anymore, and GenZ avoid it entirely. And Instagram has hurt itself chasing TikTok. It’s prospects for growth seem limited and only shrinking. I know a half dozen Metamates (lol) who are gearing up to leave. Is there anything to be excited about in the future of Meta? Don’t even dare bring up the Metaverse, that is going to go down and the biggest blunder in US history.
Meta still makes so much in ad revenue. It’s growth might be slowing but it’s a huge money maker still.
Apple curb stomped Meta on the ad revenue front. Something like a 10 billion dollar drop in ads. Meta is bleeding money, and the whole Metaverse play is a desperation move. We're watching Meta collapse in real time. I would not be surprised to hear Meta was throwing absurd money at TikTok in a bid to buy them in order to buy Meta some time. https://www.cnbc.com/2022/02/02/facebook-says-apple-ios-privacy-change-will-cost-10-billion-this-year.html
At $117b annual revenue I wouldn't call $10b 'curb stomped'
I actually think Yahoo is more successful than Meta at its peak
Market cap/US GDP
Uber is pretty shite yo
Did this comment get cut off?
Well IMHO there is plenty of innovation at Meta: Check out their brain activity AI
Meta gonna stay forever with metaverse. You agree or not metaverse is next thing in tech and people now bored with chats, msgs, posts would surely move to metaverse and again a new scope for ad revenue. Meta is already forward thinking in many aspects
Given how meta is now full of ex yahoo employees what do you expect!
You lost me at "no innovation". Meta is investing heavily in innovation. Maybe too much. Will it be worthy? I don't know. Although I must say I really like the quest. Is the company in trouble? Of course. Will it recover? I believe it will, but time will tell.
But as an outsider I don’t see any of that innovation. Maybe it’s like innovating to get better ads but none of it trickles out. I haven’t seen any new innovation in a long time from Meta. I don’t consider Metaverse or Oculus innovation which is my own personal bias I admit. But I know meta employees that bought oculus and never use it. I don’t know anyone else that has it. I think the technology is dead.
OP - wait till 11 October and you will get a sense of what we are working on. Although, that will only be a tip of the iceberg! Metaverse is the next big thing and it is nit just AR/VR or Quest. Metaverse is much more than that
Ikr. It's really dumb how SWEs on Blind are laughing at the demise/layoffs of Snap, Twilio, Bolt, Coinbase etc... The more high paying TC companies out there, the more the SWEs benefit.
Google is the next Yahoo Meta is the next Pets.com
Really? Google has sunk that low?
Na he just said we replaced Yahoo