Meta shares rocket 25%, on pace for the best day in a decade

Re:Meta shares rocket 25%, on pace for the best day in a decade by aquarium87 on Thursday February 02, 2023 @03:25PM (#34632458)

Seems like the analysts think Meta isnt a dirty brand to be avoided at all costs.

Personally, I see an abusive relationship getting worse and worse. The customers run, the business cuts expenses, the customers are now subject to more automation and anti-humanness, Meta enters a deathstruggle for control of VR/AR with Apple and loses. Facebook is already irrelevant, and getting more so by the day.

At least Apple makes their money mostly on hardware and software, not ads. Systemically, this beats Meta every time, in a fair fight.

I want to see the single day drop in Meta stock when Apple unveils its AR/VR platform and hardware.

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Re:Meta shares rocket 25%, on pace for the best day in a decade by vmladenov on Thursday February 02, 2023 @03:59PM (#34632920)

> Facebook is already irrelevant, and getting more so by the day.

A quarter of the Earth’s population in daily active users is certainly a take on “irrelevant”.

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Re:Meta shares rocket 25%, on pace for the best day in a decade by iancmceachern on Thursday February 02, 2023 @04:12PM (#34633108)

The same could have been said about yahoo at one point, or cable TV, or landlines

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Re:Meta shares rocket 25%, on pace for the best day in a decade by runnerup on Thursday February 02, 2023 @04:32PM (#34633403)

Yahoo never had 25% of the worlds population. When CableTV and landlines were used by 25% of the global population they were far from irrelevant. Yes they fade eventually but there's nothing on the horizon to replace the web right now.

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