Posted on 04/30/2023 11:04:14 PM PDT by zeestephen
Roiled by economic tumult, waves of layoffs that will slash some 21,000 workers, and a costly investment in the virtual reality "metaverse" that shows no immediate signs of paying off, many inside Meta say Zuckerberg has lost his vision....Meta's core product, Facebook, is battling TikTok for users and marketers. Economic forces have cut into its advertising business. The company lags on generative artificial intelligence, which is quickly revolutionizing the tech industry.
(Excerpt) Read more at msn.com ...
It’s shocking to me that a company like Facebook has 77,000+ employees. At the end of the day it’s largely just a website, not a factory running shifts and producing vehicles. Elon Musk laid off 80% of Twitter’s employees and the website runs better than ever. I bet Facebook could do the same without missing a beat with the right leadership (Zuckerberg ain’t it).
As Elon has said, it is amazing how many fewer people you need when you aren’t censoring speech as a major goal.
The fact is younger people do not use Facebook anymore and haven’t for years. They are dependent on ad revenue and have systematically overestimated their reach for years - thus being able to overcharge advertisers. There is a big lawsuit about this and Zuckerberg is likely going to have to cough up a hefty settlement.
Since Facebook/Meta is an evil tool of the Deep State, I’m quite happy to see it suffer. I hope it goes bankrupt.
I notice we no longer see videos of early 20-something wokesters talking about how they stuff snacks and smoothies into their faces all day between various meetings and before visiting the on-site meditation rooms at Twitter any more. It seems as though the people there now do some actual, y’know....work.
“Elon Musk laid off 80% of Twitter’s employees and the website runs better than ever.”
Because most of those laid off were engaged in maintaining censorship of conservatives.
“Relying on gossiping teenage girls, and lonely cat ladies posting pictures of Fluffy is a tough business model.”
***
Girls like TikTok and Instagram.
True, but there is also the ‘stalker’ aspect of it. My daughter got contacted by an old HS ‘friend’ who wanted to catch up, etc. Turned out he was married with wife and young child and wanted to leave them for my daughter.
She gets ‘contacts’ like this all the time.
Internationally, I think that FB maxed-out already five to seven years ago.
Germany for example, it’s TikTok, WhatsApp and Instagram that primarily draw heavy-users (like teenagers). This would be the point where if I were Zuckerberg....I’d sell my stock and part ways.
so is it MySpace all over again?
Possibly.
Which is why Zuckerberg is trying to ban TikTok.
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