4 ms·
"Financial death spiral" $120B in revenue, $20B in profit last year
by poopypoopington 4y ago
"Financial death spiral"
$120B in revenue, $20B in profit last year
- Someone1234 4y agoThat's a 4.47% decline year-over-year. Stock -15% YOY vs -5% for the SP500. Unless they pivot soon, they're in deep trouble, with a declining user base (particularly young people) and a consistent loss in ad revenues. One big problem Meta has is they went "all in" on a VR bet, that isn't working.
- rvz 4y ago"deep trouble" In 'deep trouble' with 2 billion daily active users on each platform: Facebook, Instagram and WhatsApp, resulting in the stock doubling in less than 3 months of screaming about the chorus of the end of times for Meta. I guess betting against HN is somewhat a profitable move when everyone was scared to buy the stock at $88.
- jaapbadlands 4y agoWhat makes you say "isn't working"? VR and the Metaverse are long term bets, they're not meant to be working yet. Far too early to write off as failures.
- drexlspivey 4y ago> with a declining user base user base is growing 1.75% YoY
- charcircuit 4y ago>with a declining user base In the last earnings call it was reported that Facebook had just broke 2 billion MAU. The user base is inclining. Meta's family of apps' MAU increased by 4% year over year.
- zeroonetwothree 4y agoMeta Q4 2022 revenue was actually up 2% compared to Q4 2021. Stock price has little to do with company financial health.