News for hackers. Stuff that matters.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by omot on Wednesday February 02, 2022 @06:51PM (#30186106)
This is from Mark Zuckerberg's post. I think it's a decent explanation of their performance. Historically Facebook always made these longer-term bets and they've typically paid off.

"Before I get to that, I want to briefly touch on our Q4 results, which I know Sheryl and Dave are going to go deeper on. I'm proud of the work our teams did here. We shipped products, our community continued to grow, and businesses of all sizes turned to us to help them reach people. But there are two things that I want to call out that are having an impact on our business.

The first is competition. People have a lot of choices for how they want to spend their time and apps like TikTok are growing very quickly. And this is why our focus on Reels is so important over the long-term. As is our work to make sure our apps are the best services out there for young adults, which I spoke about on our last call.

The second area, and related to this, is that we're in the middle of a transition on our own services towards short-form video like Reels. So as more activity shifts towards this medium, we're replacing some time in News Feed and other higher monetizing surfaces. So as a result of both competition and this shift to short-form video as well as our focus on serving young adults over optimizing overall engagement, we're going to continue to see pressure on impression growth in the near term. Now I'm confident that leaning harder into these trends is the right short-term tradeoff to make in order to get long-term gains. We've made these types of transitions before with mobile feed and Stories, where we took on headwinds in the near-term to align with important trends over the long term. And while video has historically been slower to monetize, we believe that over time short-form video is going to monetize more like feed or Stories than like Watch – so I'm optimistic that we'll get to where we need to be with Reels too."

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:11PM (#30186346)
So in other words TikTok has made them have to pause and switch to prioritize Reels (which are in every way worse than TikTok BTW) and that means less eyeballs on ads.

Honestly Facebook at this point is entirely unusable. My feed is full of shit I don’t want (and I block ads at DNS level so I can’t even imagine what it looks like for most people): Reels, half baked “memes” that are just really random thoughts from people I don’t know that someone I do know shared, and the rest I can’t even classify but it’s utter garbage. The only useful piece of FB was Marketplace but they managed to cram it so full of paid content and the rest is clearly online stores pretending to be local sellers that are this point I have zero use for that as well. I am sure they’ll continue to be printing money with their “generate outrage => show ads” core loop but how long will that actually last?

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by PragmaticPulp on Wednesday February 02, 2022 @07:47PM (#30186756)
> My feed is full of shit I don’t want

I don't log in to Facebook very often, but when I do it's not bad at all. I scroll through a few updates from friends and family and catch up with a few people, then I close it for another week or two.

There isn't just one "Facebook" that we all see, obviously. Your feed is going to be a reflection of the groups you've joined and the friends you keep (and haven't muted). If you've just accumulated groups and connections for a decade without doing anything to shape your feed, I could see how it wouldn't be very interesting.

But if you take a few seconds here and there to "like" things you want to see more of, hide things you want to see less of, mute the obnoxious people you don't want to hear from at all, and leave groups you're not interested in, it's not bad at all.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by matt_wilson_206 on Wednesday February 02, 2022 @07:55PM (#30186850)
Finally, someone with a similar Facebook experience to my own. I've been reading threads about how horrific the FB feed is for years, but my own is literally 99% updates from friends I don't get to see, and an occasional ad (that is interesting more often than not). Glad to know I'm not completely alone!
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by noelsusman on Wednesday February 02, 2022 @08:25PM (#30187090)
I just glanced at mine and it's like 90% people I used to know posting pictures of their kids. The rest is stuff like my buddy's mom posting a recipe for 10 minute Roti.

Overall not bad to be honest. Still not much I'm actually interested in but far from cancerous.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ct0 on Thursday February 03, 2022 @08:48AM (#30192319)
FB knows the optimal amount of ads to show a user, and that has to vary between time spent on the site. Someone who just glances at the site could see significantly less ads than someone who a "perma-scroller" for lack of a better term.

I removed the feed completely, but still kept my account so I can still engage with groups, which is the only thing keeping me there. https://addons.mozilla.org/en-US/firefox/addon/news-feed-era...

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JCharante on Thursday February 03, 2022 @12:33AM (#30189061)
I also enjoy using Facebook. I never see extreme ideas. My feed is just:

The local expat group for my city

Vegan recipes

Updates from robot teams

Lame jokes / skits that I enjoy

Birthday posts

Cat pictures

Travel restrictions group (support group for those wanting to come to country X, which is difficult because for the last 2 years it been only charter flights and you need approval from 5 government agencies)

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @08:02PM (#30186910)
Listen, I am really glad it works for someone! I miss those days. It just feels like a total loss for me and starting to sort through why just feels like a seriously daunting task for a dubious result. I have found ways to keep up with friends that are better (mostly text messaging) and so that’s what I stick to. FB was that for a few years but whatever happened to my feed feels like it can’t be undone.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JKCalhoun on Wednesday February 02, 2022 @09:33PM (#30187732)
99% of what you see is updates from friends, but are you seeing all of your friends updates?

When a friend posts, I want to see it. Simple. Sometime, years ago, FB decided to pick and choose what to show me from my friend's feeds. That's when I skipped out of FB, deleted my account.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ballenf on Wednesday February 02, 2022 @09:55PM (#30187933)
I want to hear about everything that my friends want to tell me so long as it requires a slight modicum of effort on their part.

Facebook turned everyone into bulk junk mailers. They pay the postage and then slap ads on the flyers everyone sends out. People get to spam their friends with basically zero effort.

If Facebook can weed out zero effort, low value posts from my friends with a high degree of accuracy that at least blunts some of the damage the platform itself has done.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JKCalhoun on Wednesday February 02, 2022 @11:15PM (#30188585)
And they're deciding which of your posts are zero effort as well.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by trident5000 on Wednesday February 02, 2022 @08:19PM (#30187038)
You do realize all these platforms ramp up ads the more you use them right?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ryan_lane on Wednesday February 02, 2022 @10:00PM (#30187969)
I eventually had to delete my Facebook, but I also did what the parent said, but my feed was primarily suggested content, which was mostly videos, and occasionally it would throw in Fox news, or one of the alt-right shills. I think this content is driven by who you're connected to, and I think it ignores your mutes. I have a lot of friends and family in Louisiana. I've lost friends to QAnon.

So, yeah, if we're going with anecdata, then my experience doesn't match yours, even with this approach of trying to highly curate it.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by tekknik on Friday February 04, 2022 @06:27AM (#30205455)
Fox news is alt right now?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ryan_lane on Friday February 04, 2022 @10:29PM (#30216878)
Most of the network, no, and I wasn't insinuating that. Carl Tuckerson is very much alt-right. His program is white power hour.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by env123 on Friday February 04, 2022 @11:27AM (#30208910)
Commenter mentioned "...throw in Fox news, or one of the alt-right shills". Not "...throw in Fox news, one of the alt-right shills"

Comprehension 101

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by tekknik on Friday February 04, 2022 @11:51AM (#30209245)
Word association 101. You place a word that close to another word most readers associate them, which is what they’re trying to achieve here. Take some psych classes?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ksec on Thursday February 03, 2022 @12:49AM (#30189137)
This, along with all the replies down below is the most un-HN comment I have read for the past 10+ years. Facebook is doomed and crap was the accepted norm.

Especially during pandemic when I get to see update from my friends. Their new born, or kids finally going to school. I have a suspicious feeling many of the negative and politics went somewhere else like Twitter. And the rest are there you could easily filter out. The place is now a lot more calm than it used to be. Although this may be confined to US and UK? My AUS friends are still on Facebook for political battle for some reason.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by aembleton on Thursday February 03, 2022 @04:39AM (#30190533)
During the run up to the Brexit referendum, Facebook became very political. I just blocked all political groups that popped up because friends were sharing or commenting under their posts. That made it much more sane and pleasant to scroll through.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by tim333 on Thursday February 03, 2022 @10:35AM (#30193716)
I'm guessing maybe the algorithms figure out if you are into political battles or not and adjust your feed accordingly? I get hardly any of that stuff personally.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sjg007 on Wednesday February 02, 2022 @10:49PM (#30188364)
I can describe a tale of two Facebooks. It was at first the best of times and now the worst of times.. In the beginning was my old account that had basically mostly friend status updates with photos. I deleted this account during the last election and covid pandemic to get a break. I rejoined later and despite adding most of my same friends it's been a complete disaster. So many ads and group suggestions. I feel like I am swamped by craiglist posts if I ever click on the group section even inadvertently. And I have a couple of groups I want to be in!! Just a total cluster f$$$ really.

I am actually grateful b/c I was addicted to FB. I broke that addiction and the reintroduction hasn't been anywhere close to where it was. Now twitter has seemed to become better... but maybe I've changed.

HN is still well, still here, maybe I should leave and see what I think in 6 months.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Gareth321 on Thursday February 03, 2022 @03:13AM (#30189971)
This is roughly my experience, but I didn't delete Facebook in-between. It's just terrible now. I watched as the newsfeed was aggressively tuned for outrage. I used to see updates about friends. Now it's just outrage and clickbait and ads. So many ads. Even with adblockers. I just can't use it anymore. It's so terrible.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:50PM (#30186790)
Or I could just go follow different groups I care about on Reddit. I don’t really care that much what Karen from high school thinks of her morning latte and spending the time to improve my feed is just not worth it to me.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by PragmaticPulp on Wednesday February 02, 2022 @07:51PM (#30186807)
> I don’t really care that much what Karen from high school thinks of her morning latte and spending the time to improve my feed is just not worth it to me.

If you're not interested in content from people in your social network, then I don't understand what you're expecting to get out of a social network anyway. Facebook isn't a bad way to keep up with friends and family, but if you don't like your friends on any platform then you're probably not going to have a good time.

In other words: You're not their target customer. As with any business, trying to extrapolate your own use case on to the general public is going to be very misleading.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:59PM (#30186892)
I have meaningful conversation with people on other social networks. Discord, Instagram, Twitter, even TikTok. Facebook is the exception: it throws content at me that I explicitly don’t want and as its user base ages the content becomes less and less interesting. Topic-based groups are good but other networks simply do them better. And the idea of keeping up with what Karen from high school is doing isn’t all that fun at least to me.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by elpakal on Wednesday February 02, 2022 @08:21PM (#30187051)
I am not on FB but I use Reddit and I’m a little worried about how they will try to monetize when they go public. I have a feeling eventually it will become unusable. I’ve been a Redditor for 10 years now and I really hope the marketing via outrage culture doesn’t make its way there but I feel like it’s only natural.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by pouting on Wednesday February 02, 2022 @11:56PM (#30188877)
> I have a feeling eventually it will become unusable.

> I really hope the marketing via outrage culture doesn’t make its way there...

Reddit has been unusable for at least the past five years owing to how they tailor the homepage and r/all to be a wasteland of outrage designed to keep users seething at others. It's basically become the two minutes hate.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by baq on Thursday February 03, 2022 @03:13AM (#30189972)
r/all has never been usable if you didn’t unsubscribe from default subreddits.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by SantalBlush on Wednesday February 02, 2022 @09:29PM (#30187704)
I suspect the small subreddits will be useful well into the future, while the major subs and the front page will become increasingly terrible.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by idontwantthis on Wednesday February 02, 2022 @10:08PM (#30188036)
I use FB all the time and it’s great. I subscribe to a few heavily moderated groups for my city that are full of genuinely helpful and productive posts. It’s where I find out what’s going on here.

I’ve unfollowed almost everyone from my past and when I add someone new I unfollow them as soon as they post anything publicly that I don’t care about.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by 8note on Wednesday February 02, 2022 @08:26PM (#30187106)
Ive done that to the point where it frequently says "there's nothing to show here" instead of a feed. I know people I'm interested in hearing from are posting things, but Facebook will never decide to show them to me, regardless of my settings
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by aembleton on Thursday February 03, 2022 @04:41AM (#30190550)
I get 'suggested posts'.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sbrother on Wednesday February 02, 2022 @07:53PM (#30186823)
I'm still a Facebook user (over 30, with kids, friends all over the world, and lots of groups that I care about), but the Reels thing is making me seriously consider leaving for good. It's awful, cringeworthy intrusive clickbaity videos from random kids I've never heard of every few posts on my feed. I clicked the X to make it go away but surprise, it's back. At this point their demographic is not the TikTok demographic, and they're just going to drive their remaining users away trying to force that.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by snek_case on Wednesday February 02, 2022 @11:31PM (#30188700)
I feel like they might have had better luck starting a new Reels app, just like messenger is available as a standalone app. They're cramming too much functionality into a single app/webpage and trying to force people to use things they're not interested in. Why not just make a tiktok clone and keep it separate?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by PKop on Wednesday February 02, 2022 @08:18PM (#30187030)
>their demographic is not the TikTok demographic

In other words, not the youth, which is an existential problem for a growth oriented social media company no?

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sbrother on Wednesday February 02, 2022 @08:51PM (#30187358)
Yep, hence the loss of 25% of their market cap today haha.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by alasdair_ on Wednesday February 02, 2022 @08:00PM (#30186898)
> I block ads at DNS level so I can’t even imagine what it looks like for most people

As a random aside, there is a Facebook ‘experiment’ (a/b test basically) that disables all ads for your account permanently. It was customary, for a while at least, to opt your user id (and that of a few friends) into that particular experiment on your last day of working at the company. Best leaving gift ever!

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by eloisius on Wednesday February 02, 2022 @07:38PM (#30186665)
Somewhere in the A/B test slurry there is sometimes a menu item that sorts your news feed chronologically. It really lays bare what a ghost town Facebook is. In my default feed there is all the garbage that you described perfectly, and a burst of content like a friend’s wedding. That little nugget gets replayed over and over so that it feels like that’s what’s “going on.” Chronologically, it’s old news and no one I’m friends with has posted anything for over a week, just random garbage.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by AuryGlenz on Wednesday February 02, 2022 @07:50PM (#30186793)
Ironically I feel like the change away from chronological order is what started the slow decline of my feed. I used to see things from people I cared about but didn’t interact with much. Now all I see are things from the same 10 people that I’m closest with, and I don’t care to scroll further.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:52PM (#30186816)
I guess it’s hard to make ads look organic when it’s chronological?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by CurrentB on Wednesday February 02, 2022 @11:12PM (#30188557)
Totally agree wrt marketplace. For awhile it was great, the only reason to sign on to Facebook. You could sell anything locally easily and quickly. It really pulled off being a better craigslist which is no easy feat and not something I ever would have thought Facebook would do.

Then maybe a year ago they started focusing on non local/commercial sales and it rapidly degraded to the point where it's not worth using now. It seems like they have diverted all traffic to paid listings so my cheap yardsale-esque deals on stuff I'm trying to get rid of get no views (where a year ago I would get ten messages a day for the same item)

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by pixl97 on Thursday February 03, 2022 @09:14PM (#30201990)
Even better is when your yard sale gets blocked because its generating too much traffic/too many messages.

Wife had that happen when we moved last year.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by lhorie on Wednesday February 02, 2022 @07:57PM (#30186866)
The overarching theme I'm seeing is one of FB jumping into whatever format bored people turn to, then slowly cramming it w/ ads until those eyeballs drift to the next fad, rinse and repeat.

Regardless of how one might dislike it, the "generate outrage => show ads" thing has been working just peachy for Fox and friends. So my cynical take is that FB will continue to do just fine even as people shift to different consumption formats, and even if tiktok took over the world, because fundamentally, bored people will always exist and fads come and go.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by kdtsh on Wednesday February 02, 2022 @07:36PM (#30186641)
By the time I deactivated my account all I had in my newsfeed were posts from groups I joined when I was a teenager and the occasional news channel post. Friends had steadily dropped off over the years, which made it very easy to pull the pin in the end.

There one or two days where you get the little ping in your brain to check the app (as an ex-smoker the sensation is not at all dissimilar to cravings), and after that you wonder why you spent time there in the first place. I can’t leave WhatsApp or Messenger because I have too many people I have on both, but that’s a different issue as far as I’m concerned.

Now I am spending some time on TikTok - but I’m get content from there that I actually generally enjoy, so that’s a net win as far as I’m concerned.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by GekkePrutser on Wednesday February 02, 2022 @07:23PM (#30186502)
Wow I left it around the time of the Cambridge analytica thing. Sounds like I haven't missed anything...
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by jliptzin on Wednesday February 02, 2022 @07:33PM (#30186614)
I felt that way about 8 years ago and stopped using it then
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by balaji1 on Wednesday February 02, 2022 @09:11PM (#30187557)
For me, Facebook used to be a place to connect with people as I met them IRL. Now LinkedIn has taken over this purpose of being a digital address book.

But sometimes I get stuck scrolling forever. Maybe that ad revenue is enough for them. I still go to FB for groups and business' pages.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by colordrops on Wednesday February 02, 2022 @09:31PM (#30187724)
I've been blocked twice from using Facebook. The first time was when I tried to register with Oculus to unlock my Oculus Go. I only check Facebook once a week, but still keep in touch with some people, so I went through the process of submitting my ID and phone number and recovered my account. It happened again, because I used a non-standard browser, and this time they can shove it. If they want to keep users they shouldn't block them from using their product. It's abject stupidity.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rcpt on Thursday February 03, 2022 @01:45AM (#30189461)
I don't think DNS ad blocking will do much wrt your feed. Sure you won't be able to click into the ads but they're likely all served from the FB domain
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by tim333 on Thursday February 03, 2022 @10:44AM (#30193853)
https://www.fbpurity.com/ is good. Blocks ads and sponsored stuff. You can customize what you want. Web only I think, not the app.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by whiplash451 on Thursday February 03, 2022 @08:25AM (#30192072)
> My feed is full of shit I don’t want (and I block ads at DNS level

Maybe A is a consequence of B?

If you don't let them track you, you get random advertising. And random advertising is painful to watch. I'm not advocating for targeted advertising, just stating a simple fact.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by michaelmcdonald on Wednesday February 02, 2022 @07:36PM (#30186645)
I’m assuming you are using a Pi-hole to block the ads? From my understanding that is becoming less effective with companies like YouTube and Facebook since they serve ads directly from their domain.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:51PM (#30186806)
I use NextDNS which works pretty well but yes it does seem like ads on platforms like this are creeping back in.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by unmole on Thursday February 03, 2022 @04:47AM (#30190577)
Obviously not feasible for everyone but you can solve this by:

1. Subscribing to YouTube premium 2. Not using Facebook

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by gw67 on Thursday February 03, 2022 @03:09PM (#30198046)
What do you use to block ads at DNS-level?
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Aperocky on Wednesday February 02, 2022 @07:02PM (#30186247)
Well all of those point seem to sum up to:

"We're getting beat by Tiktok and we're going to catch up by being more like tiktok"

That doesn't exactly exude confidence.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ra7 on Wednesday February 02, 2022 @07:08PM (#30186315)
Didn't they do the same thing when Snapchat took off and then blew it out of the water with Instagram Stories? There is a track record.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by aylmao on Wednesday February 02, 2022 @09:59PM (#30187966)
There are plenty of parallels with what happened with Snapchat Stories, but I do wonder if it's the "same thing".

Stories are best when created by people you know, and they're easy to create too. They're the type of content that would build off of Instagram's social strengths.

The type of content people consume on TikTok, as far as I understand, is largely made by creators though. This is similar to YouTube; they now even get financial compensation directly for it too [1] (although apparently this compensation is not as good as YouTube's).

This could be a Snapchat vs Instagram Stories situation, or it could be a YouTube vs Facebook Watch / IGTV situation. Facebook has historically been notoriously bad at creating a high-quality video platform, so if that's what it takes to beat TikTok I honestly wouldn't expect Instagram Reels to overtake TikTok anytime soon, especially considering a lot of what I've seen there are random accounts reposting TikTok content (which feels a bit like the type of content Watch became infamous for).

[1]: https://newsroom.tiktok.com/en-gb/tiktok-creator-fund-your-q...

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by whyenot on Wednesday February 02, 2022 @07:40PM (#30186677)
I would argue that they destroyed Instagram in the process. It set them on a path where they add more and more "features" to Instagram for legitimate strategic reasons, but in the process it turned a focused app into something now approaching the hot garbage that is the Facebook.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by whiplash451 on Thursday February 03, 2022 @08:30AM (#30192119)
This book explains very well why and how FB destroyed Instagram from day one, cutting its core values (and therefore long-term value) into pieces.

https://www.amazon.com/No-Filter-Inside-Story-Instagram-eboo...

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by onlyrealcuzzo on Wednesday February 02, 2022 @10:13PM (#30188073)
The hot garbage app makes almost as much money as Facebook, so... There's that...
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rurp on Wednesday February 02, 2022 @10:28PM (#30188201)
For now, but this whole thread is about accepting short term costs for long term gains. The overall direction of Instagram doesn't seem to be following that model.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by eloisius on Wednesday February 02, 2022 @07:54PM (#30186838)
During the time they added stories to Instagram there was still more signal then noise. I enjoyed them because my friends shared casually and it was actually fun to go along on their vacation or bike ride, and not just see the perfectly composed photos which are usually the more polished summary of what the stories covered.

At this point, IG is Facebook. The feed is a slurry of signal, random suggestions, shitty ‘memes,’ and ads. When I stumble onto a Reel somehow, it’s the same crap. Stories worked for me because it was my friends. Reels is just random flotsam, and it seems like a ton of it is just reposts from TikTok anyway.

Meta’s repeating pattern is to enter every new format, screw with the chronology and cram it full of robo-content until it’s unbearable to look at. That Zuck calls chasing short-form video fad a long-term strategy is pretty telling. They have nothing but crap to sell, and if (if) Metaverse turns out to be anything, it will just be more crap, but you’d have to have your face inside a helmet in order to to enjoy the boomer arguments, shitty ‘memes,’ TikTok reposts and whatever else the content slurry that yields the most engagement is.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by omot on Wednesday February 02, 2022 @07:28PM (#30186557)
I will say Instagram is getting so crowded.

Adding Stories to Instagram felt natural, but shoving Reels in, feels like a squeeze.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by whiplash451 on Thursday February 03, 2022 @08:29AM (#30192103)
TikTok has way more momentum than Snapchat had at the time.

Snapchat DAUs today: 300M

TikTok DAUs today: 1B

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by electrondood on Thursday February 03, 2022 @11:41AM (#30194705)
It's terrifying, in fact. TikTok is specifically engineered to be cocaine for your attention. This is a race to the bottom, where the human attention span parallels that of a gnat.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by a123b456c on Wednesday February 02, 2022 @07:09PM (#30186319)
Why not? It worked when they copied Snapchat's stories feature.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by pxtail on Wednesday February 02, 2022 @08:40PM (#30187248)
Bacause FB/Meta and none of it's other incarnations is not fashionable among young generation anymore, it's platform for old people.

I'm wondering what kind of play would be successful long-term in this scenario with long-lasting social platform to capture next generation which is naturally inclined to be in opposition when it comes to parents way of life. Maybe creating some kind of "undercover" division not officially connected to parent company? Or even spinning it as some part of company "revolting" against main body and going "rogue". But in both cases mainly founding would uncover the plot. Of course buying competitors usually works too to some degree - or at least allows to buy some time.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sizzle on Thursday February 03, 2022 @03:45AM (#30190175)
Pretty sure their whole foray into metaverse and Oculus VR is to capture the younger generation of the future.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Wednesday February 02, 2022 @07:14PM (#30186380)
It’s too late. Nobody is switching from TikTok to Facebook.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by newsclues on Wednesday February 02, 2022 @07:31PM (#30186597)
I think the key is that youth are going to TikTok and not Facebook.

They lost the next generation of kids!

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rdtwo on Wednesday February 02, 2022 @07:54PM (#30186848)
Yeah idk I thought the same last time but somehow Facebook always comes back buy buying everything And copying everyone
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Longhanks on Wednesday February 02, 2022 @08:42PM (#30187265)
It’s time to stop Facebook buying companies then - how anyone approved them buying WhatsApp is beyond my understanding. I really don’t like TikTok, but I really don’t like Facebook (the company) a bit more, so I hope TikTok does well and will not be bought.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by newsclues on Wednesday February 02, 2022 @09:24PM (#30187663)
They can acquire new users but copying them or buying them won’t necessarily keep them.

If the youth are allergic to any FB networks there just needs to be a viable alternative for them to flee.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Wednesday February 02, 2022 @09:46PM (#30187850)
They can’t buy TikTok, and it’s too late to copy it.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rdtwo on Wednesday February 02, 2022 @09:48PM (#30187878)
Probably not but the TikTok has to pivot before they loose steam and start being a coglomorate otherwise they Will eventually fade so it depends on how successfully they execute this. Meantime Facebook just needs to catch the next TikTok to be relevant again.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Thursday February 03, 2022 @10:02AM (#30193272)
Both companies have to keep evolving to stay relevant, yes.

One is declining and reviled, and the other is growing and seen as fun.

That’s the only difference.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rdtwo on Thursday February 03, 2022 @11:38AM (#30194651)
But one sits on a mountain of cash and the other on just a hill
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Thursday February 03, 2022 @02:02PM (#30197045)
I guess you are not aware that TikTok is both highly profitable and valuable.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rdtwo on Thursday February 03, 2022 @05:16PM (#30199797)
But it’s not Facebook size yet
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by zepto on Thursday February 03, 2022 @06:41PM (#30200670)
Don’t you mean Facebook isn’t TikTok’s size yet, since Facebook is declining both in revenue and users.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rcpt on Friday February 04, 2022 @02:47PM (#30211960)
Full support of the PRC is more than a "hill"
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:13PM (#30186364)
Because so far their content is full of obviously fake poor quality videos and their selection algorithm for those is basically an RNG.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by laurent92 on Thursday February 03, 2022 @12:22AM (#30189002)
I’m addicted to 9Gag, which is closer to TikTok, but the difference is Facebook’s intensive work on breaching privacy, telling all my friends what posts I like. On 9Gag, liking/commenting is basically anonymous, so we’re not afraid of being seen liking something - thus my 15hrs a week in the app.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by sergiotapia on Wednesday February 02, 2022 @07:22PM (#30186487)
I don't know a single person under 30 that still uses Facebook for real. They mostly are still there to talk to grandma or parents. If Facebook hadn't bought whatsapp they would be toast. The writing is on the wall, the beginning of the MySpace curve happening before our very eyes.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by jackling on Wednesday February 02, 2022 @11:29PM (#30188692)
They also have Instagram, Messenger and Oculus. I think without Whatsapp they'd still be doing decent, and not toast.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by gorgoiler on Thursday February 03, 2022 @03:20AM (#30190005)
The media format is the same but it is superficial and a shallow moat at best. The social networks are quite different:

FB: formal private (or special interest, in Groups);

Insta: close private (or public if you are a verified content producer);

TikTok: still about building ad hoc network effects based on content alone.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by tmccrary55 on Wednesday February 02, 2022 @07:13PM (#30186368)
BoomerTok
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by IgorPartola on Wednesday February 02, 2022 @07:12PM (#30186352)
I don’t think Facebook will catch up to TikTok with Reels. I do think that it’s quite probably that TikTok will fuck yo their platform before they take down FB.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by stephenboyd on Wednesday February 02, 2022 @07:43PM (#30186719)
My favorite thing about Reels is the videos have the TikTok watermark including the username so I can find new people to follow on TikTok.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by Ozzie_osman on Wednesday February 02, 2022 @07:24PM (#30186520)
It's unfortunate that Reels (at least what I get in my feed) is complete garbage. Half the time I don't even know what I'm watching, it's just some mix of shock media and sexually suggestive crap. I keep trying to hide it from my feed but Facebook is intent on shoving it down my throat.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by cwkoss on Wednesday February 02, 2022 @08:11PM (#30186982)
Stories "paid off"? Are there ads in them? Are they popular with other people?

Very minimally utilized in my social circle, I see maybe 1 suggested story per month, maybe click through 2-4 a year, watch 10 seconds of bland content by someone I haven't talked to in years, then close the tab wondering why I thought the it was going to be interesting this time.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by engineeringwoke on Wednesday February 02, 2022 @08:18PM (#30187031)
Maybe I'm a generation younger than you, but if you were young when Snapchat was cool, then you probably transitioned to stories from the "main" IG content and dropped Facebook altogether. I spend 90+% of my time on IG on stories and it is a really good way to keep up with people as far as generally knowing where they are/what they're up to. I probably post once a month for reference.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by cwkoss on Thursday February 03, 2022 @04:14PM (#30198951)
Ah, this is about instagram stories! Yes, definitely know peers who use that. I was thinking Zuck was referencing facebook stories, which seem like a flop.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by colinmhayes on Wednesday February 02, 2022 @08:28PM (#30187128)
Zuck is worried Facebook is becoming the lame social network for old people, probably because it is. It's hard to lose that label once they've got it. He even says here that they're willing to sacrifice short term engagement for more youth engagement. Stories is widely used among the youth making it incredibly valuable.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by JumpCrisscross on Thursday February 03, 2022 @01:39AM (#30189425)
> Historically Facebook always made these longer-term bets and they've typically paid off

Have they? They're better than Google. But most of Facebook's side gigs fizzled. Their last bold leap was from desktop to mobile, and that was only by averting disaster with their Instagram acquisition.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by pier25 on Wednesday February 02, 2022 @07:28PM (#30186562)
I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp.

Maybe they thought it was going to fail like Vine and other short video platforms.

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by prostoalex on Wednesday February 02, 2022 @07:37PM (#30186654)
Considering the amount of gov-relations it took for Giphy acquisition https://currently.att.yahoo.com/att/metas-acquisition-giphy-... it just seems very likely that a TikTok purchase would be blocked by at least one regulator.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by rkk3 on Wednesday February 02, 2022 @08:55PM (#30187389)
> I wonder why they didn't buy TikTok when it was starting to become popular like they did with Instagram or Whatsapp.

ByteDance was a large company before TikTok and had other successful products. TikTok actually developed out of a billion dollar acquisition Bytedance made[1]. It wasn't for sale. Sort of like how Tinder wasn't for sale because it was owned by IAC (Match, OkCupid).

Also regulatory environment in the US and in China would make it unfeasible.

[1] https://en.wikipedia.org/wiki/ByteDance

Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by cercatrova on Wednesday February 02, 2022 @09:27PM (#30187688)
I remember when it was still Musical.ly, man I'm old
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by ssully on Thursday February 03, 2022 @04:28PM (#30199153)
Yup. I remember my younger cousin showing me Musical.ly and thinking how horrible the app seemed. Should have realized she was ahead of the curve!
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by netheril96 on Wednesday February 02, 2022 @10:57PM (#30188442)
Tencent wanted to buy Bytedance, the company who made TikTok. The founder of Bytedance refused. Surely he would refuse Facebook too.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by samfisher83 on Thursday February 03, 2022 @07:11AM (#30191446)
Even if US govt allowed FB to buy tiktok, there is no way ccp would approve the deal. They have a board seat.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by whiplash451 on Thursday February 03, 2022 @08:26AM (#30192083)
So, I don't use FB or TikTok, but isn't FB just trying to copycat TikTok? They would never do that, they've never done it in the past.
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by pg_1234 on Saturday February 05, 2022 @12:49PM (#30223611)
Wooooooohooooooo facebook a all the corrupt exploitative shit it represents takes a hit!
Re:Meta shares drop 20% on Q4 earnings miss, weak outlook by smrtinsert on Thursday February 03, 2022 @12:36PM (#30195628)
My nana can't wait for the jump to short form video