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Many media outlets have been hinting at recession and predicting layoffs for sometime as all of the BigTech supposedly have a freeze on new hiring. Let's not fo
by webmobdev 4y ago
Many media outlets have been hinting at recession and predicting layoffs for sometime as all of the BigTech supposedly have a freeze on new hiring. Let's not forget that a war is going on in Europe and it is only going to escalate in the coming months ... next year is going to be even shittier.
- scarface74 4y agoMeta’s issues are not related to the macro environment. Meta has issues much more specific to its own business: - they admitted a revenue shortfall a couple of quarters ago caused by Apple’s ATT which made tracking opt-in - “Facebook is for old people” and other platforms are seeing more engagement - They are wasting billions on the metaverse. While Google, Apple, Microsoft and Amazon (disclaimer where I work) have all seen declines in stock price and revenue. There is no indication that neither of them are having the same existential issues that Meta has had. If Meta disappeared tomorrow, would anyone care or would they just move on to the next fad? Microsoft, Amazon and Apple have shown the ability to pivot and to adjust. Google hasn’t. But so far hasn’t had to.
- perardi 4y agoIf Meta disappeared tomorrow, would anyone care or would they just move on to the next fad? I do think people would care about WhatsApp. Of course, someone with deep pockets would snap that up. Google comes to mind—what’s one more messaging strategy?
- scarface74 4y agoMessaging apps lose popularity all the time. It doesn’t take much for the network affects of a messaging platform to collapse.
- hiyer 4y agoWhatsApp is ubiquitous in many parts of the world (like here in India), but it's also easily replaceable with telegram or signal. It won't be missed for too long.
- akudha 4y agoGoogle, Apple, Amazon all make products that are useful, whether we like their business practices or not. If Facebook disappears overnight, I don’t think it will matter much. If anything, it would have a positive impact on society. If Twitter and Facebook crash and burn next year, then that alone would make 2023 bearable
- beeboop 4y agoIt's interesting how much more people find Twitter to not be useless/bad when literally nothing of material value has changed.
- scarface74 4y agoIn the grand scheme of things, Twitter is less than a nothingburger. They were worth less than $30B and advertisers don’t really care about it.