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(CNBC)   "I'm not sure there's a core business that works anymore at Facebook." CurlyBillBrocius.WellBye.gif   (cnbc.com) divider line
    More: Obvious, Facebook, Mark Zuckerberg, social media company, CEO Mark Zuckerberg, Facebook's business, Jake Dollarhide, worse year, Facebook's once-ubiquitous social login button  
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909 clicks; posted to Business » on 30 Sep 2022 at 4:36 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



26 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-30 2:58:45 PM  
The company's problems are mounting, whether it's the ad hit from Apple's iOS changes or the growing threat posed by TikTok.

That and they're just an unabashedly shiatty company run by a clusterfark of psychopaths.
 
2022-09-30 3:55:30 PM  
Huh, it's almost like gleefully amplifying the most vicious, destructive elements of society is a turn-off.
 
2022-09-30 4:53:24 PM  
Here's how you stop the bleeding :

12$/year

No ads.

No engagement-driven algorithms based on outrage or offense.

Eliminate the "Everyone" posting security class.

Make it easy to look at your own posts.

You'll make tons of money without any sales and marketing department.
 
2022-09-30 4:54:48 PM  

rubi_con_man: 12$/year


lol
 
2022-09-30 5:07:36 PM  

rubi_con_man: Here's how you stop the bleeding :

12$/year

No ads.

No engagement-driven algorithms based on outrage or offense.

Eliminate the "Everyone" posting security class.

Make it easy to look at your own posts.

You'll make tons of money without any sales and marketing department.


Nobody would pay for it. Not now. In the pre-smartphone era? Maybe.

It's not like Facebook/Meta isn't hugely profitable. They make billions and blllions per year. But the decline has begun, and it won't stop. And the way Wall Street works, once the decline starts, it just accelerates as investors bail.

Honestly, they've been on borrowed time for a decade. Smartphones and "free" SMS messages make social media pretty useless for "keeping up with my friends and sharing photos". Which is what Facebook was good for, once upon a time.

Even the much-feared TikTok won't last forever. It's the latest social media fad. It will die, to be replaced by something else that is functionally identical but somehow "cooler".
 
2022-09-30 5:13:56 PM  
Hey guys, what's going on in here?
i.guim.co.ukView Full Size
 
2022-09-30 5:39:58 PM  
Couldn't have happened to a bigger douche
 
2022-09-30 6:11:23 PM  
The effectiveness of Facebook advertising has always been a fiction.  Facebook reports to its customers how effective the ads are that they submit to Facebook.  You can see the problem.
 
2022-09-30 6:17:27 PM  
You hate to see it.
imgs.search.brave.comView Full Size

/ No, no you don't. I'm quite okay with the decline of this poison. This guy's sack has been tickled for too long. I mean, it started as his hot or not in woolen socks bulkshiat that "evolved" into an Ivy League LiveJournal and again into a cesspool of free lies and right-wing propaganda that poisoned your elderly aunt. Goodbye asshole!
 
2022-09-30 6:49:19 PM  
But will the Metaverse be okay? Asking for a loser billionaire too ashamed to pay for furry models in Second Life.
 
2022-09-30 7:13:58 PM  
The Wall Street problem for Facebook is that it's no longer a growth story.

Facebook has 2.9B users. That's over 1/3 of the planet's population. Why would Wall St. analysts keep expecting it to grow at this point? We've reached peak Facebook. Don't get me wrong I'm not defending Facebook here. They suck and it couldn't happen to a nicer company but everyone involved should have seen this coming. Why is everyone surprised by this?
 
2022-09-30 9:33:28 PM  

Shaggy_C: rubi_con_man: 12$/year

lol


$12 a year is a bargain. Have you seen what other sites charge?
 
2022-09-30 10:10:24 PM  

Rage Against the Thorazine: The Wall Street problem for Facebook is that it's no longer a growth story.

Facebook has 2.9B users. That's over 1/3 of the planet's population. Why would Wall St. analysts keep expecting it to grow at this point? We've reached peak Facebook. Don't get me wrong I'm not defending Facebook here. They suck and it couldn't happen to a nicer company but everyone involved should have seen this coming. Why is everyone surprised by this?


Because that's what public companies sign up for- never ending, unsustainable  growth.

Which is a lot harder with a shrinking population.
 
2022-09-30 10:13:55 PM  

rubi_con_man: Here's how you stop the bleeding :

12$/year

No ads.

No engagement-driven algorithms based on outrage or offense.

Eliminate the "Everyone" posting security class.

Make it easy to look at your own posts.

You'll make tons of money without any sales and marketing department.


You think they made less than $12 per person per year via ads when it is free?  I think advertisers paid a lot more than that cumulatively.
 
2022-10-01 1:50:11 AM  

Ravage: rubi_con_man: Here's how you stop the bleeding :

12$/year

No ads.

No engagement-driven algorithms based on outrage or offense.

Eliminate the "Everyone" posting security class.

Make it easy to look at your own posts.

You'll make tons of money without any sales and marketing department.

You think they made less than $12 per person per year via ads when it is free?  I think advertisers paid a lot more than that cumulatively.

Quick google says there are 2.93 billion users.  If every one of them stayed, that's just under $36 billion. Meta made $ 117 billion last year and made  $28 billion last quarter.  They make more money selling your information to show you personalized ads.  If its free, you are the product and your love of turtles, french coffee, and Donald Trump is worth more than $12 a year in ad revenue.
 
2022-10-01 4:15:33 AM  

Rage Against the Thorazine: The Wall Street problem for Facebook is that it's no longer a growth story.


Maybe expecting every company and economy to grow forever on a planet with finite resources and a finite number of people isn't a good idea.
 
2022-10-01 9:47:54 AM  
The problem is, nobody knows how to really make these algorithms work.

Facebook keeps posting ads for this quasi-militant shiat that I keep reporting as inappropriate, because it is for me.  Yet I keep getting them.  Over and over again.  And rather than posting content from groups I am subscribed to, they keep recommending groups that are, at best, tangentially related.

Amazon rarely shows me what I actually search for, even with a specific brand and product name.  If I search Canon R6, don't put a Sony camera at the top of the results.  It's basic logic 101.

And YouTube keeps flooding me with idiotic content.  Watch a couple clips from the LOTR movies, I get a 40 minute video discussing whether "Fly, you fools!" meant they should have tracked down one of the eagles and flown to Mordor.  Idiotic.

Twitter is useless, as I only follow a handful of people.  It's pretty much nothing but tweets they want to promote.  Why this even exists anymore is beyond my ability to comprehend.  It's less than useless, in that it actively prevents one from using it.

No tick tock or instagram for me, but I'm sure they're garbage too.

The whole thing is maddening, and these crappy algorithms make these platforms far less useful.
 
2022-10-01 10:25:06 AM  

Great_Milenko: The problem is, nobody knows how to really make these algorithms work.

Facebook keeps posting ads for this quasi-militant shiat that I keep reporting as inappropriate, because it is for me.  Yet I keep getting them.  Over and over again.  And rather than posting content from groups I am subscribed to, they keep recommending groups that are, at best, tangentially related.

Amazon rarely shows me what I actually search for, even with a specific brand and product name.  If I search Canon R6, don't put a Sony camera at the top of the results.  It's basic logic 101.

And YouTube keeps flooding me with idiotic content.  Watch a couple clips from the LOTR movies, I get a 40 minute video discussing whether "Fly, you fools!" meant they should have tracked down one of the eagles and flown to Mordor.  Idiotic.

Twitter is useless, as I only follow a handful of people.  It's pretty much nothing but tweets they want to promote.  Why this even exists anymore is beyond my ability to comprehend.  It's less than useless, in that it actively prevents one from using it.

No tick tock or instagram for me, but I'm sure they're garbage too.

The whole thing is maddening, and these crappy algorithms make these platforms far less useful.


The reason you get cross-competitive ads is not because the algorithm is broken but because Sony (or someone selling Sony) has specifically paid to advertise to people buying a Canon. They've been doing it for decades because the ROI is there. So much for logic 101.
 
2022-10-01 10:32:18 AM  
Ever try to turn off notifications on FB?  You have to turn off each of them, one at a time.  And they come back.  They always come back.

The future of social media won't be so in your face, less confrontational.  Zuck doesn't get it.  He's not as clever as he thinks he is.

Plus Meta is just a joke.  It's all in the execution and billions were wasted for a vanity project.  Nothing revolutionary happened with Meta.  Zuck just announced Meta and expected someone else to figure out the hard stuff.  Like developers would flock to Meta just because it had Zuck's name on it.

TLDR- good riddance to bad rubbish
 
2022-10-01 11:14:18 AM  
Meanwhile they're locking people out of their accounts. 😆 they want 3 people to verify me. Dude. I don't need Facebook that bad.
 
2022-10-01 11:17:14 AM  
I really can't wait until I see the first resume that says "Worked at fb." I would interview them just to ask if they loved being a nazi and licking mark's taint every day.
 
2022-10-01 1:03:29 PM  
Their recent attempt to copy TikTok with 'reels' reeks of desperation. The first thing they need to do is to let go of Mr. Zuk. Let him retire to do whatever he wants with his mountains of cash away from company decision making. Second thing is lower the focus on the metaverse crap which is burning billions with no actual results. Yes, it's the future but right now it's not viable for mass adoption with current technology.
 
2022-10-01 4:04:15 PM  

OhioUGrad: Hey guys, what's going on in here?
[i.guim.co.uk image 386x386]


Probably the only (sort of) good guy in social media. He cashed out, didn't look back, and started travelling the world. And he was everyone's friend.
 
2022-10-01 7:13:06 PM  

scotchcrotch: Ever try to turn off notifications on FB?  You have to turn off each of them, one at a time.  And they come back.  They always come back.

The future of social media won't be so in your face, less confrontational.  Zuck doesn't get it.  He's not as clever as he thinks he is.

Plus Meta is just a joke.  It's all in the execution and billions were wasted for a vanity project.  Nothing revolutionary happened with Meta.  Zuck just announced Meta and expected someone else to figure out the hard stuff.  Like developers would flock to Meta just because it had Zuck's name on it.

TLDR- good riddance to bad rubbish


So same as fark.
 
2022-10-01 7:13:49 PM  

rubi_con_man: Here's how you stop the bleeding :

12$/year

No ads.

No engagement-driven algorithms based on outrage or offense.

Eliminate the "Everyone" posting security class.

Make it easy to look at your own posts.

You'll make tons of money without any sales and marketing department.


Fark is $5/month. Don't see a tf emblem.
 
2022-10-01 9:04:16 PM  

bostonguy: Rage Against the Thorazine: The Wall Street problem for Facebook is that it's no longer a growth story.

Maybe expecting every company and economy to grow forever on a planet with finite resources and a finite number of people isn't a good idea.


Investors want perpetual growth because the rising value turns into profit later. If it grows so large to the point of catastrophic collapse, that's fine too, as long as the investors can cash out before it its the ground.

Capitalists need constant growth. Nobody else does.
 
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