Re:Meta to Layoff 10k Employees
by disgruntledphd2 on Tuesday March 14, 2023 @10:23AM
(#35152006)
They have 2.9bn monthly active users.
Like, I left FB five years ago (after staying there for 5 years), and literally HN has been telling me that FB were doomed for all of that time.
I totally agree that TikTok is a very strong competitor, unlike what they've seen before, but writing FB off right now is probably not the wisest long-term decision.
Re:Meta to Layoff 10k Employees
by tenebrisalietum on Tuesday March 14, 2023 @01:23PM
(#35155022)
How many in the US, and how many with desirable advertiser demographics. Selling reverse mortgage and pharmaceutical ads to boomer audiences turns you into television, where--at some point--the audience is going to pass on and leave it behind.
A bit hyperbolic to say HN groupthink => "FB doomed". More like FB is over valued and their product has stagnated and alienated their user base.
Re:Meta to Layoff 10k Employees
by disgruntledphd2 on Wednesday March 15, 2023 @01:18PM
(#35171586)
Facebook acquires IG (over ten years ago now), HN comments: https://news.ycombinator.com/item?id=3817840
Re:Meta to Layoff 10k Employees
by rejectfinite on Tuesday March 14, 2023 @04:30PM
(#35157997)
>and if it was then 10 new replacements would pop up overnight
https://www.youtube.com/shorts
already here
and not a chinese company
if Im gonna brainrot Ill use youtube
Also the display ad market is only useful if you've got people to advertise to. The more Facebook continues to turn into 'social networking for boomers' the less and less they'll make.