Meta Platforms (Facebook) Discussion

Bro every tech stock is going to do this

There’s not that much money in showing us pop ups for things we don’t want and they all brag about expanding to other countries but most other countries in the world trade like clam shells instead of money

It’s gonna happen to Amazon too. They shipped a $2 pack of guitar picks to my house for free. Everybody does that to them.

How many stocks have to crash before y’all realize the American “tech” economy is fake and bring back the factories so us millenials can finally have fun fulfilling jobs

Can’t believe the repurchases. Woof. That is just brutal. Zuck needs to go.

Zuck literally destroying his company chasing a stupid trend nobody wants

quote:

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I’m very shocked to see Meta going down this low. I guess this is the cost of getting politically involved.

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Has virtually nothing to do with their politics.

Amazon, Google - DOWN 40% from ATHs and crashing to new lower lows. MSFT DOWN 35% from ATHs and crashing. APPLE DOWN and going lower and lower.
All still making billions in cash but suddenly worthless junk.

Amzn , appl will be down again tommorrow after earnings but even with Goog, MSFT,Appl down they are still long term holds. Meta i'm not touching that one

It was a dumb move to go all in on the metaverse. If he was smart he would have kept that shite as a separate company but now the entire business is called meta platforms. Apple is gonna be bad tomorrow as well I would presume.

ETA: FB is also getting boat raced by tiktok.

Everybody hates me on here so take it with a grain of salt:

1. Facebook has always been "dead". If you woulda asked me at fb ipo if you should buy I probably would've told you that facebook was already dead in 2011 or whatever. The old folks were already on it then and it lost it's first mover advantage. Im sure the old folks were monetizable which was a novel concept for an internet company and probably kept them afloat for a while.

Then they bought instagram but over monetized it and let all the old people which made it not cool and when you think about it instagram is a redundant market which brings us to our next point:

2. We know advertisements aren't where these technology companies make their money. They're free because "you are the product" which means they harvest data on you and sell it. The problem is there is no bigger buyer of the data. All the big tech companies already have all their own data on you so who can meta sell to. Essentially they have to use it in house to sell ads which isn't super profitable I suppose. On the one hand that's not a big deal if they're not having to pay and they can just live off the ad money but they have this huge metaverse cash burn

3. Social media culture and larger internet culture is going down the drain bro. It's all been paywalled so the wonder of it is gone. One of the bigger internet statements these days is "touch grass" which means go outside, usually used as an insult.

There's no more "digital journal" version of the internet like there was pre 2010 or so where you would share your life on the internet, the reason for this being that anything you put up is offensive to somebody

nowadays we're in the "look at me" internet where everyone is trying to monetize themselves by presenting a facade. The only places with real discourse now are anonymous forums and the boomernet which is like wbrz fb comments and whatnot. Even if you could make a popup to sell something to boomers they wouldn't be able to figure out how to buy it

4. Social in general is gone bro. people don't make friends anymore. It is what it is. Maybe that's covids fault but I think what really happened is these social media companies cannibalized themselves by being too successful initially.

When everybody is looking at their phones to see what their friends are doing on facebook, after a few years they run out of new friends to add on facebook

The non anonymous internet has become the lowest common denominator which probably isn't all that monetizable in the first place



I think meta hits 40 in the next year, long term I see it sinking to the level of snapchat

I think Google will fare a little better but I still wouldn't make it a long term investment. Eventually all these companies will end up with the taxpayer being their main source of income and I see google being able to do that a lot better with some sort of cyber warfare angle


ETA: Yall wanna know what I think about apple?