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A comment on Meta to Layoff 10k Employees. Parent comment

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.

[ Parent | on HN ]
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.
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Re:Meta to Layoff 10k Employees by r00fus on Tuesday March 14, 2023 @01:47PM (#35155433)
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.
[ Parent | on HN ]
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
[ Parent | on HN ]