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Guidance is atrocious. While the misses might not look bad in isolation, the overall picture isn’t looking good. The COO just quit after an extremely successfu
by spaceman_2020 4y ago
Guidance is atrocious.
While the misses might not look bad in isolation, the overall picture isn’t looking good. The COO just quit after an extremely successful run, guidance is bad, and worst of all, the planned rebranding to Metaverse has been hijacked by crypto bros shilling ponzis on steroids.
- vineyardmike 4y agoThe overall picture looks promising... except the gov just blocked one of their latest acquisitions, which may mean the end of that. They're best positioned to combat the ATT changes. No one can handle the engineering costs of navigating that and the data limitations as well as them. Their direct response advertising base has no where else to go, snap just proved that. The meta verse re-brand is meant to be forward looking (although IMO not close enough for their needs). They can't grow social media forever - especially as social views of it sour.
- kart23 4y ago>hijacked by crypto bros shilling ponzis on steroids wat?
- zucker_lover 4y agoIt’s actually spelled “what”, fellow kids
- spaceman_2020 4y agoGo to any crypto tracking website and search for "metaverse". You'll see dozens of projects, all of them trying to create their own "metaverses". Many of these have outsized mindshare among young users (Facebook's target audience) since younger demos have high crypto adoption. Instead of Facebook being the metaverse, its now one of many - most of which are vaporware (which can potentially turn off users from the concept altogether).