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Started By
Message
Go woke, go broke? Meta reports record users and profit
Posted on 2/2/24 at 3:11 am
Posted on 2/2/24 at 3:11 am
Despite the “fact” that no one uses Facebook anymore, Meta just reported record monthly active uses of 3.98 billion people globally. Monthly active users for Facebook specifically totaled 3.07 billion people, also a record.
To put that in perspective, there are “only” 8.1 billion people in the world. 49% of the entire world uses a Meta product at least once a month. 38% of the world uses Facebook specifically.
They also reported record revenue and record profitability per share. They’re now worth more than $1.1 trillion as a company.
Despite rumors of their demise around every corner, the fact of the matter is Facebook, Instagram, and other Meta products are the place where people are, and as a result, it’s the place where you advertise. I realize no one around here uses Facebook anymore
, but most of your neighbors must be.
I’ve got my issues with Zuckerberg like most of you, but the business he’s built is astounding. I respect people who choose to avoid Facebook advertising for moral/ethical reasons, but unfortunately, it is getting harder and harder to argue that there is a better way to spend your ad dollars.
To put that in perspective, there are “only” 8.1 billion people in the world. 49% of the entire world uses a Meta product at least once a month. 38% of the world uses Facebook specifically.
They also reported record revenue and record profitability per share. They’re now worth more than $1.1 trillion as a company.
Despite rumors of their demise around every corner, the fact of the matter is Facebook, Instagram, and other Meta products are the place where people are, and as a result, it’s the place where you advertise. I realize no one around here uses Facebook anymore
, but most of your neighbors must be. I’ve got my issues with Zuckerberg like most of you, but the business he’s built is astounding. I respect people who choose to avoid Facebook advertising for moral/ethical reasons, but unfortunately, it is getting harder and harder to argue that there is a better way to spend your ad dollars.
39
Posted on 2/2/24 at 3:17 am to slackster
Don’t forget they own Instagram as well. That app is more universally used by both facebook’s first generations of users and now the younger generations that are all about Instagram.
Posted on 2/2/24 at 3:18 am to slackster
You seem like a joint FB account guy
Posted on 2/2/24 at 3:24 am to lsuguy84
quote:
You seem like a joint FB account guy
, my wife and I have separate accounts, but upvote nonetheless. 
Posted on 2/2/24 at 3:46 am to slackster
“Get woke, go broke” is a conservative echo chamber saying. Woke companies suck, but the majority of them do make money because it’s what young people(the driving force of culture) are into. And that’s the cold hard truth. Value and culture changes over time and how businesses operate reflects that. Entertainment and pop culture reflect that. The world we all grew up in is not the same as the current world we live in.
Posted on 2/2/24 at 4:27 am to slackster
People who root for woke companies to be successful hate black people
Posted on 2/2/24 at 4:36 am to PeteRose
quote:
Get woke, go broke” is a conservative echo chamber saying
Yea not really. Sure leftwing corporations like facebook, Starbucks, Nike etc. have staying power and don't seem too affected in the long term by outrage from the right. But companies that used to be seemingly normal who decide to take a sudden turn left absolutely get affected when they "get woke". See every modern media outlet, Nascar, Budlight, Espn, countless local restaurants and businesses. All had their bottom line suffer when the turned retard. Even the NFL, Target and the like had to tone down their wokeness in order too stop hemorrhaging revenue. So the saying does in fact have some merit in a lot of instances.
This post was edited on 2/2/24 at 4:48 am
Posted on 2/2/24 at 5:14 am to slackster
Nobody under 40 uses FB anymore at least in the US. It’s a dying app
Zuck’s numbers were good last year because he fired 25% of their workforce. That’s a 1 time thing he can do.
I will short this thing to the floor. It will end up like MySpace when something new comes along. Think of FB like Cable TV. People will venture to the next thing.
Zuck’s numbers were good last year because he fired 25% of their workforce. That’s a 1 time thing he can do.
I will short this thing to the floor. It will end up like MySpace when something new comes along. Think of FB like Cable TV. People will venture to the next thing.
Posted on 2/2/24 at 5:17 am to PeteRose
You’ll get downvoted but you’re correct.
Us older people are phasing out and today’s youth will take over and they are largely left leaning. Is what it is.
Us older people are phasing out and today’s youth will take over and they are largely left leaning. Is what it is.
Posted on 2/2/24 at 5:19 am to MobileJosh
Yet the businesses you cite specifically have and will survive.
It is what it is.
It is what it is.
Posted on 2/2/24 at 5:31 am to slackster
FB seems to have stopped cracking down on fake users fwiw.
Last year I was checking in on several fake/attack user pages involving a particular political matter and despite being clearly and obviously fake and reported, FB wouldn’t remove them.
For example, there were many that were named almost the exact name of their opposition entity except one letter off and posting horrible things about the opposition, but nothing done to stop it.
Last year I was checking in on several fake/attack user pages involving a particular political matter and despite being clearly and obviously fake and reported, FB wouldn’t remove them.
For example, there were many that were named almost the exact name of their opposition entity except one letter off and posting horrible things about the opposition, but nothing done to stop it.
Posted on 2/2/24 at 5:40 am to CharlesLSU
quote:
Yet the businesses you cite specifically have and will survive.
It is what it is
What a lazy, retarded statement. On a local level many restaurants, bars and businesses have had to close because they drove off their customers with overt political rhetoric. Including some in yalls back yards of Nola, BR and Lafayette. On a national level media outlets are shuttering left and right due largely in part to people no longer buying into the propaganda they are spewing. Bud Light sales are still down over 30% from this time last year. The NFL took a major gut punch from the Kaepernick deal and other divisive stances. Sure it would be hard to garner enough right wing outage to topple a Fortune 500 company. But you can damn sure affect their bottom line. Or I guess you can just do you, write it off as a loss, and bend over and take a communist dick up your arse.
Posted on 2/2/24 at 5:46 am to slackster
The irony is a lot of people that would yell "go woke, go broke" are old boomers sharing that are constantly on FB 50 different inspirational quotes or stupid pictures "share if you love your family" type post. Or they have accounts like "Kristy N Troy" and are sharing stupid shite on facebook all day too.
Posted on 2/2/24 at 5:48 am to slackster
Surely, none of the users are dead or bots, surely.
Posted on 2/2/24 at 5:48 am to CharlesLSU
quote:
today’s youth will take over and they are largely left leaning.
Has it not been that way since the 50s?
Most seem to grow up and remove their heads from their asses.
However, humans in general seem to be devolving so who the hell knows.
Posted on 2/2/24 at 5:50 am to slackster
quote:
38% of the world uses Facebook specifically.
Not true
Posted on 2/2/24 at 5:56 am to CharlesLSU
quote:
Us older people are phasing out and today’s youth will take over and they are largely left leaning. Is what it is.
Incorrect, the latest studies are showing gen z is surprising more right than previous generations and every generation for the last 60 years start left right out of school then eventually flip right after paying taxes and seeing how effed up government spending is
Posted on 2/2/24 at 5:57 am to MobileJosh
quote:
The NFL took a major gut punch from the Kaepernick deal and other divisive stances
Lol
Posted on 2/2/24 at 6:00 am to slackster
“Reported” users and profit
Yeah, no cooking of the books there. And Joe Biden “reportedly” got the most votes in the history of ever.
Yeah, no cooking of the books there. And Joe Biden “reportedly” got the most votes in the history of ever.
Posted on 2/2/24 at 6:03 am to GetCocky11
For the record I vote red and can’t stand wokeness, but it’s hilarious that people actually think Target, Meta, Budweiser and others are really going to go out of business or be in deep financial trouble because they’re woke
These are massive worldwide brands
These are massive worldwide brands
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