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Meta’s meltdown has a lot to do with terrible decision making at the top and too many yes-people blindly agreeing because the king set up the company where nobo

Meta’s meltdown has a lot to do with terrible decision making at the top and too many yes-people blindly agreeing because the king set up the company where nobody can disagree with his decisions. Facebook could have pursued other social network ideas and found a way to keep things steady. Even a twitter competitor would have been interesting. More focus on competing with LinkedIn?

notfromhere 4y ago
Facebook’s problem is that it doesn’t matter what they do, the brand is very negative. LinkedIn would be an interesting competitor to go after, Microsoft bought it and has no idea what to do with it
- nicce 4y ago
  Well at least we have seen some ”funny” ads: https://www.theregister.com/AMP/2021/02/11/microsoft_azure_ubuntu_data_sharing/ https://www.theregister.com/AMP/2021/02/11/microsoft_azure_u...
- elforce002 4y ago
  This. The damage is irreparable. When boomers start leaving this earth, fb will start going with them. I think their business model will change to something like acquire the hottest startups and exploiting them until they sucked them dry. At least Mark has WhatsApp and IG yet. LinkedIn on the other hand is just pride in a bottle. I doubt they'll change their strategy. If they try to appeal to other markets, they'll die just because their core premise is cv placement. That's it. Anything else won't work.
JamesianP 4y ago
They did almost a hundred acquisitions, mostly thanks to their high-flying stock. Their eggs weren't all in one basket (though they sure did their best to act like they were). Maybe they just couldn't make any more hits out of the field because almost no one could?
duud 4y ago
The only meltdown is the stock price. FB is still the most popular social network in the world. Insta is likely second. Quest has outsold Xbox and is on the way to outselling PlayStation. $27 billion in revenue from three billion daily active users last quarter. Bytedance by comparison lost $7 billion last year. Meta Reels are being shared one billion times and viewed 140 billion per day. As much as the biased media wants it to be true, Meta isn't going anywhere anytime soon. Consumers couldn't care less about the stock price.
- SoftTalker 4y ago
  Facebook has jumped the shark with Metaverse. Have you seen those ads they are running? A bunch of people sitting around a table and instead of talking to each other they are all wearing these ridiculous goggles? Can you imagine anything like that happening in real life? It's absolutely absurd.
  - duud 4y ago
    Meh big companies run cringe ads... Yes, I have a Quest and have had fun with friends over. Multiple Quests would be even more fun, space provided. You can talk and use the device at the same time. Much like you can play chess, PlayStation, etc and talk. They've sold millions of units and reported $1.5 billion of sales on the Quest store so maybe it's not so absurd.
- bergenty 4y ago
  The stock price will come back up. Everyone uses Facebook a little bit, it’s ingrained into peoples lives at this point.
twic 4y ago
> terrible decision making at the top and too many yes-people Remember way back when, when it was so important to keep founders in charge of their companies when they took investment, and even went public? That was the secret to success, VCs told us!

notfromhere 4y ago

Facebook’s problem is that it doesn’t matter what they do, the brand is very negative. LinkedIn would be an interesting competitor to go after, Microsoft bought it and has no idea what to do with it

nicce 4y ago
Well at least we have seen some ”funny” ads: https://www.theregister.com/AMP/2021/02/11/microsoft_azure_ubuntu_data_sharing/ https://www.theregister.com/AMP/2021/02/11/microsoft_azure_u...
elforce002 4y ago
This. The damage is irreparable. When boomers start leaving this earth, fb will start going with them. I think their business model will change to something like acquire the hottest startups and exploiting them until they sucked them dry. At least Mark has WhatsApp and IG yet. LinkedIn on the other hand is just pride in a bottle. I doubt they'll change their strategy. If they try to appeal to other markets, they'll die just because their core premise is cv placement. That's it. Anything else won't work.

JamesianP 4y ago

They did almost a hundred acquisitions, mostly thanks to their high-flying stock. Their eggs weren't all in one basket (though they sure did their best to act like they were). Maybe they just couldn't make any more hits out of the field because almost no one could?

duud 4y ago

The only meltdown is the stock price. FB is still the most popular social network in the world. Insta is likely second. Quest has outsold Xbox and is on the way to outselling PlayStation. $27 billion in revenue from three billion daily active users last quarter. Bytedance by comparison lost $7 billion last year. Meta Reels are being shared one billion times and viewed 140 billion per day. As much as the biased media wants it to be true, Meta isn't going anywhere anytime soon. Consumers couldn't care less about the stock price.

SoftTalker 4y ago
Facebook has jumped the shark with Metaverse. Have you seen those ads they are running? A bunch of people sitting around a table and instead of talking to each other they are all wearing these ridiculous goggles? Can you imagine anything like that happening in real life? It's absolutely absurd.
- duud 4y ago
  Meh big companies run cringe ads... Yes, I have a Quest and have had fun with friends over. Multiple Quests would be even more fun, space provided. You can talk and use the device at the same time. Much like you can play chess, PlayStation, etc and talk. They've sold millions of units and reported $1.5 billion of sales on the Quest store so maybe it's not so absurd.
bergenty 4y ago
The stock price will come back up. Everyone uses Facebook a little bit, it’s ingrained into peoples lives at this point.

twic 4y ago

> terrible decision making at the top and too many yes-people Remember way back when, when it was so important to keep founders in charge of their companies when they took investment, and even went public? That was the secret to success, VCs told us!