Thread regarding Meta / Facebook layoffs

Business model

I came across someone's comment that Meta is dying and that this business model is not working. I have a divided opinion about it, but I would like to hear yours?

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| 1281 views | | 7 replies (last July 22, 2022) | Reply
Post ID: @OP+1hHkP2W4

7 replies (most recent on top)

Meta is like myspace but worse.

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Post ID: @9xix+1hHkP2W4

@kec+1hHkP2W4

Think of MZ's ego when the stock prices soars on announcing his own resignation

Ouch.

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Post ID: @9aks+1hHkP2W4

Wrong. TikTok is taking screen time away from Fakebook. CrApple is also ki----g the ad revenue.

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Post ID: @1ldr+1hHkP2W4

TikTok is a competitor but they are so far away from eating Meta's lunch.

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Post ID: @1lme+1hHkP2W4

Hard to say.
I thought Zuck should have got into the space business years ago.
To Venus, just to be different.
But it never happened.

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Post ID: @1mqe+1hHkP2W4

TikTok is eating Meta's lunch.

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Post ID: @ggx+1hHkP2W4

Meta has a great business model and it's minting money.

There are more people using FB than any other app out there. Insta is also great.

The products have issues but overall they are minting money with no competitor in sight.

Now, the politics and the mgmt, that's a different story. MZ will have to leave for things to get better here, there is so much baggage. Remember when Gates took off? We need the same thing.

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Post ID: @kec+1hHkP2W4

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