Re:Meta Earning Results Q3 2022 [pdf]
by scarface74 on Thursday October 27, 2022 @08:35AM
(#33356575)
> I am not saying Facebook should stop growing. It should just not keep dumping money in these unproven projects,
On the Apple side, the iPod, iTunes, the iPhone, the iPad, and the watch were all unproven projects.
On the Microsoft side, giving up immediate revenue from selling Office for $600 - seat into a subscription service for $69-$99 a year had to be a short term revenue hit. Not to mention XBox which loss billions before becoming successful and Azure.
Meta doesn’t have a choice. I really hate the Facebook product. Not because of the privacy angle, it commits the worse sin of any product - it just sucks now. Most of the post I see aren’t even from people let alone brands and websites I chose to follow.
On the Apple side, the iPod, iTunes, the iPhone, the iPad, and the watch were all unproven projects.
On the Microsoft side, giving up immediate revenue from selling Office for $600 - seat into a subscription service for $69-$99 a year had to be a short term revenue hit. Not to mention XBox which loss billions before becoming successful and Azure.
Meta doesn’t have a choice. I really hate the Facebook product. Not because of the privacy angle, it commits the worse sin of any product - it just sucks now. Most of the post I see aren’t even from people let alone brands and websites I chose to follow.