Re:Facebook Q4 2020 earnings [pdf]
by samfisher83 on Wednesday January 27, 2021 @06:09PM
(#25935437)
Facebook made about 10billion in FCF this quarter. They could give every single employee a 200k bonus this quarter and they would still generate $20+ billion in FCF for the year.
Re:Facebook Q4 2020 earnings [pdf]
by Nextgrid on Wednesday January 27, 2021 @05:15PM
(#25934814)
Not looking at the results (I couldn't give a shit either way), the whole "publishers leaving the platform" was always just virtue signalling as opposed to an actual stance they took because they did so right in the middle of a pandemic when their ads' target market was mostly under lockdown staying home and concerned about their own financial position thus less likely to spend money.
As I wrote on another forum back in July 2020:
This “boycott” is just about brands saving money during these uncertain times (especially considering some of these businesses were not sustainable even in a good economic climate). If ethics were actually a concern to them they wouldn’t have given money to that toxic company in the first place.
It’s also an opportunity for silicon-valley scum to virtue-signal about how Black Lives “Matter” to them despite exploiting minorities (which often represent a sizable chunk of their contracted-out workforce) with low pay, bad working conditions, lack of benefits and significant efforts to classify them as contractors instead of employees (even when such legal battles would cost more than just providing those people the benefits they deserve).
Not naming any companies per-se, but I’m sure most of you will know which ones I’m talking about. :wink:
Regarding the boycott itself, even if we assume good faith (despite having more than enough proof not to), it will do little because ultimately it is not hurting the company they are targeting; as long as the majority of people stays on there it will stay successful. What they could do is not only abandon advertising on there but also use their brand power to make the company seem “not cool” and stop using it completely; big brands still have a significant presence on various social media networks (which are all guilty of promoting hate), use it as a customer service platform and enjoy the conveniences offered by the platforms such as social login. Stopping that would reduce the utility of the platform for their users and hurt the company they’re targeting much more than a short-term ad boycott.
As I wrote on another forum back in July 2020:
This “boycott” is just about brands saving money during these uncertain times (especially considering some of these businesses were not sustainable even in a good economic climate). If ethics were actually a concern to them they wouldn’t have given money to that toxic company in the first place.
It’s also an opportunity for silicon-valley scum to virtue-signal about how Black Lives “Matter” to them despite exploiting minorities (which often represent a sizable chunk of their contracted-out workforce) with low pay, bad working conditions, lack of benefits and significant efforts to classify them as contractors instead of employees (even when such legal battles would cost more than just providing those people the benefits they deserve).
Not naming any companies per-se, but I’m sure most of you will know which ones I’m talking about. :wink:
Regarding the boycott itself, even if we assume good faith (despite having more than enough proof not to), it will do little because ultimately it is not hurting the company they are targeting; as long as the majority of people stays on there it will stay successful. What they could do is not only abandon advertising on there but also use their brand power to make the company seem “not cool” and stop using it completely; big brands still have a significant presence on various social media networks (which are all guilty of promoting hate), use it as a customer service platform and enjoy the conveniences offered by the platforms such as social login. Stopping that would reduce the utility of the platform for their users and hurt the company they’re targeting much more than a short-term ad boycott.
https://seekingalpha.com/news/3655153-facebook-eps-beats-0_6...
Is this a new term for Beating Estimate?