I believe most agree that Meta as a company started with controversy and it's been gripped in it ever since. Now with the EU passing this (link below) what does that mean for the future of the company. If some of their core products rely on Advertising revenue, does the now-blemished image contribute to a further slide? There have already been many posts discussing the effects of the decline on us Engineering folks, but I wonder if we've now run full circle and it's time to refresh. Perhaps these tech giants have hit a brick wall while we all thought their innovation knows no bounds. https://www.theverge.com/2022/4/23/23036976/eu-digital-services-act-finalized-algorithms-targeted-advertising TC - Not relevant here.
It means Google/Meta must release the solutions to system design interview questions.
Given one of them is on a hiring freeze for the minute, not sure how much of a help that'll be.
No idea. We just write for-loops to get paid.
Most want us to believe we're about to end that iteration. But I'd like to think Engineering is an infinite loop.
This is why you don’t see any tech companies from EU. Socialist regime against innovation.
It doesn't matter if all of FAANG was formed in the US of A, this isn't about the company, it's about their users. Meta, Amazon and Apple wouldn't be posting the numbers they post if you take away the EU user base. A law to protect people from data malpractices is socialist regime?
I don't think it's anything do against innovation! Regulation/Laws should be in place to protect the people.
I welcome it, ad revenue shouldn't come at the cost of an increasingly polarized society or a generation of kids with self esteem issues and shopping addictions. The fact that they have gone unchecked this long is a tragedy and I think society is going to feel the ramifications of this for a long time esp with Gen Z. If these companies die due to the impact on just one of their revenue streams then they deserve to die, they should have diversified. On that note, it also really frustrated me that you think regulating ads is an end to innovation. There are SO many tech sectors that are evolving at a rapid pace and will shape the course of humanity over the next couple of decades. You have to be living under a rock to think ad tech is the peak of human ingenuity. Finally, If you are a competent engineer your income shouldn't heavily depend on targeted ads being unregulated. Just take your skills and apply them to something that isn't a straight up cancer to society.
Exactly! Well said 🙂
I agree with everything you said above and I'd like to clarify my stance - I don't think Advertising is where the innovation is at, but without the ad revenue, the cash inflow takes a hit, and that has an adverse effect on innovation. A company like Meta is allowed to go out and expand on their AR/VR tech projects majorly because its other products ring in the cash via Ads. Now if this company gets a black scar across its logo for shady practices, with dropping ad revenue and fewer investments, how will innovation continue?
High time
Meta has already realized that if they want to play the game for the long haul they have to steer away from data and move into AR/VR. To be fair, the platform thrived when internet regulations were yet to come of age. The past decade has shown how potent a social networking behemoth can be. This is visible now in even democratic countries like the ones in EU and India. The ones that are safe from this are product companies like Apple, Microsoft and so it makes sense to turn Meta into a product company that makes consumer electronics(Occulus Quest, Ray Ban Glasses). Since Meta is the biggest player in this domain as of the moment, it has the early mover advantage that it must capitalize on.
On the lines of what you said: https://www.linkedin.com/news/story/meta-opens-new-verse-irl-5321444
If you don't see these measures as restrictions on free speech and means to control the narrative, then I feel sorry for you. The powers that be have realized the threat they face from an unsupervised Internet after Trump's 2016 victory. They are now making sure this never happens. This is not a pro trump message. This is pro free speech. Stand up for a free Internet.
Does the explanation need to be word limited ? Otherwise it’s super easy
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I hope India comes up with similar or more strict regulations. Data in this country is exploited beyond imagination!
Internet literacy in India needs a lot of work.
Yup! I am very concerned.