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Crazy numbers. Still can't believe Facebook is growing daily and monthly users for the last 15 years. Its low to mid single digits but still. Headcount down 22
by bko 3y ago
Crazy numbers. Still can't believe Facebook is growing daily and monthly users for the last 15 years. Its low to mid single digits but still.
Headcount down 22% you while expenses slightly up you (1%)
Looks like money going into R&D and maybe salaries?
- samspenc 3y agoLikely CapEx spend on GPU for AI training, similar to what all other FAANG companies are doing now (esp Microsoft and Google, along with Meta). Mark did announce a few weeks ago they would be buying 600K worth of H100-equivalent GPUs, that's a few billion in CapEx.
- HDThoreaun 3y agoFacebook growing users still is easily the most mind boggling thing in tech right now to me. I was absolutely convinced it would plateau like 5 years ago but they just keep finding more people to download their app. Theyre claiming that half the world uses their apps at least once a month, hard for me to wrap my head around that.