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I expect meta will continue with layoffs. Threads appears to be a flop, their metaverse and AR initiatives don’t seem to be gaining much stream either.
by mtnGoat 3y ago
I expect meta will continue with layoffs. Threads appears to be a flop, their metaverse and AR initiatives don’t seem to be gaining much stream either.
- nathanaldensr 3y agoVictims of the end of ZIRP, to be sure. Every idea seems like a good one when money is free.
- ninth_ant 3y agoDo you have data to support Threads being a flop?
- johntiger1 3y agohttps://petapixel.com/2023/07/24/threads-daily-active-users-fall-by-staggering-70/ https://petapixel.com/2023/07/24/threads-daily-active-users-...
- mullingitover 3y agoI wouldn't write off Threads just yet. Twitter management is racing to convert the site into a smoking crater, and Threads has become the default respawn point for most people who eject. Most of us would love to have a flop that gets 100M users in just over 100 hours. This is more a case of Meta and AMZN not being able to produce growth through new products anymore. It's hard doing that when you're multi-hundred billion dollar businesses. They're trying to grow profits by squeezing their margins now, and it's too expensive to park talent to prevent it from going to competitors.
- jessriedel 3y ago> Most of us would love to have a flop that gets 100M users in just over 100 hours. Vast majority of those users have stopped using the service. Activity is down at least 85%. https://techcrunch.com/2023/08/31/threads-web-launch-did-little-to-bring-in-more-users-new-data-suggests/ https://techcrunch.com/2023/08/31/threads-web-launch-did-lit... https://www.similarweb.com/blog/insights/social-media-news/threads-first-month/ https://www.similarweb.com/blog/insights/social-media-news/t...
- deleted 3y ago[deleted]
- mullingitover 3y agoYes, and it’s still doing 10x the DAU of Bluesky. Every time Twitter does something boneheaded, as seen this week, there’s another exodus. The best way to predict the future is to examine the past, and the past for Twitter is unforced error after unforced error sending their userbase running into Threads’ open arms.
- phatskat 3y agoOh man I missed it, what did Twitter do this time?
- jessriedel 3y agoI'm not arguing for Twitter's viability, just against the idea that Threads is promising. If there were repeated exoduses from Twitter to Threads, we'd expect to see Threads' activity go up, not decay smoothly downward.
- deleted 3y ago[deleted]
- carabiner 3y agoWhat happened to all those senior twitter engineers Musk fired a year ago who said twitter would die in a week without them?
- analognoise 3y ago"it's now worth 1/10 what you paid for it" seems like death to me; I assume those fired Twitter engineers just thought that would be considered failure.
- downvote_magnet 3y agoThe sole asset propping up the stock valuation was the engineers?
- mullingitover 3y agoThis is a fair point. I think there were also product people in the rif that might’ve been able to push back on the notion of incinerating the Twitter brand.
- phatskat 3y agoObviously not, but when your engineers are leveling lawsuits left and right it certainly doesn’t help with confidence in your company. Add to that the kind of person Musk is and Twitter is on a nosedive, it just has an absurdly long way to fall.
- modeless 3y agoLook at the replies on this post, it's a dumpster fire: https://www.threads.net/@jeffbezos/post/CyFInFjrRxs https://www.threads.net/@jeffbezos/post/CyFInFjrRxs So far, a community made of people whose most common shared trait is hating Elon Musk seems like not a very nice place to be. The only interesting thing about it as a user is if someone famous happens to post there for some reason they often get very little engagement, and as a result if you reply to them there's a higher chance they might read it and respond compared to other platforms.
- SturgeonsLaw 3y agoAre they wrong to criticize Jeff "you paid for this" Bezos' rocket vanity project?
- modeless 3y agoYes they are wrong, and you are wrong too. This isn't "Bezos' rocket vanity project" at all. This is Amazon's Kuiper satellites, planned to provide globally available fast internet access and some welcome competition for Musk's Starlink. This isn't space tourism for rich people, Bezos has less than a 10% stake in it (through his remaining, dwindling ownership of Amazon), and this launch is not even a Blue Origin rocket. Kuiper is a real business that should provide a lot of value to real people on Earth. Plus it will likely reduce Musk's chances of ever making a profit on Starlink which these people should cheer since they undoubtedly hate Musk too. Besides that, the non-sequitur overwhelmingly hateful knee-jerk sentiment is way over the top. I want no part of a platform that is seemingly populated almost exclusively by people like that.
- mullingitover 3y agoI enjoyed the civil honeymoon Threads enjoyed, but my feeling was always that we’d know Twitter was dead when the jerks migrated to Threads. The Bezos post comments marked that event.
- phatskat 3y agoI mean I get that and hooray competition I guess? Personally, I don’t want either of those men in charge of a utility like that. ~Elon has already shown that he’ll mess with Starlink out of spite~, and Bezos is a person who does not understand _anything_ about what being a person is. Correction: Musk did not adhere to a request from the Ukrainian government to extend Starlink to parts of Crimea > the Ukrainian government had asked him to activate Starlink "all the way to Sevastopol," the largest city in Crimea, and he [Musk] refused to do that to avoid escalating the conflict. I still don’t agree with someone having the option to deny potentially critical communication services in a conflict when that person has zero military expertise.
- spoonjim 3y agoThreads is a 12 person team.
- moneywoes 3y agohaven’t they been hiring strangely?