They beat revenue expectations, and earnings per share was ok, and they guided for even higher revenue next quarter above estimates ofc.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
Well Meta is reacting to all the costs by just starting to charge for things previously free, like sharing links.
I suspect they are now entering the Earthlink/AOL phase where they squeeze every last dime out of the confused and abandoned senior citizens left on the platform until they die off.
I'm saying I don't think we'll see that. Yes, many people I know have left facebook but I think that's an artifact of me being in a bubble rather than it being a global trend.
I am more optimistic. People are addicted to targeted content, but local LLMs are already great at this. I have an agent that manages my local playlists and operates my own local spotify from a consumer GPU.
And youtube, same thing. I have not actually used youtube in years. Local software downloads video files from their servers, strips all the ads and sponsored content, and shows me the ones most interesting to me.
Once that is easy for everyone to do with software and weights-on-silicon embedded in next gen phones, the entire value prop of these networks starts to fall apart.
Between that and endless fines and negative movies coming out, I think they can be killed, or at least not a thing kids are allowed near anymore.
Escaping litigation with a fine is always a good outcome, no matter how large the penalty. Stock price will drop the day governments start regulating these companies or breaking them up.
I've always been fond of the idea of putting a corporation in "jail" where any presence they have is shuttered for the duration, bank accounts are frozen, and locations are to be uninhabited except by third party security.
They can hire lawyers to argue it out while they sit in limbo like the rest of us.
Imagine if Amazon ran afoul of the law and AWS was offline in corporate jail for a day? It'd be motication to never, ever risk that happening.
They beat revenue expectations, and earnings per share was ok, and they guided for even higher revenue next quarter above estimates ofc.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
Their users are ad execs and data brokers
Hell didn’t they stop even reporting DAU’s?
they now do something called, Meta Family daily active people, similar thing but aggregate of all Meta stuff. very sus imho.
Well Meta is reacting to all the costs by just starting to charge for things previously free, like sharing links.
I suspect they are now entering the Earthlink/AOL phase where they squeeze every last dime out of the confused and abandoned senior citizens left on the platform until they die off.
Meta also owns the 2nd, 3rd, 5th, and 14th largest social media platforms behind facebook.
3.6 billion people use a Meta app every day - 43% of the world's population.
True. But seeing them lose an arm would be proof the monster can be killed.
I'm saying I don't think we'll see that. Yes, many people I know have left facebook but I think that's an artifact of me being in a bubble rather than it being a global trend.
I am more optimistic. People are addicted to targeted content, but local LLMs are already great at this. I have an agent that manages my local playlists and operates my own local spotify from a consumer GPU.
And youtube, same thing. I have not actually used youtube in years. Local software downloads video files from their servers, strips all the ads and sponsored content, and shows me the ones most interesting to me.
Once that is easy for everyone to do with software and weights-on-silicon embedded in next gen phones, the entire value prop of these networks starts to fall apart.
Between that and endless fines and negative movies coming out, I think they can be killed, or at least not a thing kids are allowed near anymore.
[dead]
Escaping litigation with a fine is always a good outcome, no matter how large the penalty. Stock price will drop the day governments start regulating these companies or breaking them up.
I've always been fond of the idea of putting a corporation in "jail" where any presence they have is shuttered for the duration, bank accounts are frozen, and locations are to be uninhabited except by third party security.
They can hire lawyers to argue it out while they sit in limbo like the rest of us.
Imagine if Amazon ran afoul of the law and AWS was offline in corporate jail for a day? It'd be motication to never, ever risk that happening.
Other countries also have a concept of the corporate death penalty. But it has not happened in the US for something like a century.