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Facebook continues to follow the Yahoo and AOL trajectory of exceptional and generous engineering contributions amidst an increasingly disliked suite of commerc
by kristopolous 3y ago
Facebook continues to follow the Yahoo and AOL trajectory of exceptional and generous engineering contributions amidst an increasingly disliked suite of commercial offerings.
Reminds me of a project idea where you list out all the big companies that have GitHub projects like Comcast, Walmart, Verizon, Target and even https://github.com/mcdcorp https://github.com/mcdcorp
- lukevp 3y agoWhat did yahoo and AOL contribute?
- ralph84 3y agoHadoop, AOLserver, early support for Mozilla
- therein 3y agoApache Traffic Server, AOLserver (no idea why I used this a long time ago)
- bemusedthrow75 3y agoAOLServer was interesting, yeah. A useful counterpoint to Netscape Application Server, and quite influential over mod_perl and PHP.
- speedgoose 3y agoYahoo had YUI which fell out of fashion. https://en.m.wikipedia.org/wiki/YUI_Library https://en.m.wikipedia.org/wiki/YUI_Library
- fragmede 3y agoyahoo pipes
- mtmail 3y agoYahoo released their geographic data catalogue under open license and it still lives on as https://whosonfirst.org/ https://whosonfirst.org/ Afaik https://en.wikipedia.org/wiki/Apache_ZooKeeper https://en.wikipedia.org/wiki/Apache_ZooKeeper started at Yahoo https://vespa.ai/ https://vespa.ai/ was Yahoo's search engine for news and other content product, now spinned off (https://techcrunch.com/2023/10/04/yahoo-spins-out-vespa-its-search-tech-into-an-independent-company/ https://techcrunch.com/2023/10/04/yahoo-spins-out-vespa-its-...)
- ldjkfkdsjnv 3y agoActually think that behind the scenes facebook is rapidly innovating on ai and integrating it into its ad targeting. Mets is on fire
- KevinAgain 3y agoSounds squarely within the "increasingly disliked suite of commercial offerings"
- omeze 3y agoInstagram and Whatsapp? Even Quest as a platform has tens of millions. All of these are still up and to the right in terms of user numbers and revenue
- IshKebab 3y agoInstagram maybe, but do WhatsApp and Quest actually make money? WhatsApp is free and has no advertising (so far). Quest is very niche. Yeah I looked it up. Quest costs Meta $5.7bn for $1bn in revenue.
- kredd 3y agoI guess, WhatsApp business just never caught up on our side of the world, but every time I’m outside of US/Canada, there will be some sort of business (like a restaurant) that will contact me through it. Assuming they’re making some pennies from WhatsApp Business.
- kleinsch 3y agoClick-to-message is $10B/year, click-to-message in WhatsApp alone was $1.5B 1.5 years ago. They make buckets of money from business services on WhatsApp. https://www.fool.com/investing/2023/02/15/metas-next-profit-growth-pillar-isnt-what-you-migh/ https://www.fool.com/investing/2023/02/15/metas-next-profit-...
- 3y ago
- sirpunch 3y agoThis HN bandwagon again. Meta has had an astounding yoy growth. Did you even see their Q4 report.
- test6554 3y agoIf they are relying on headset sales… competition is about to heat up. Ive been waiting for anyone but meta to come out with a decent, affordable kit and I think were almost there.
- sofixa 3y agoYoY growth and quarterly earnings report don't give you a full picture of how much a company is liked (which is important for b2c companies like Facebook) and how well it is actually performing for the medium/long term. GE and Boeing also had amazing YoY growth and great quarterly reports, until the underlying dumpster fire they were nurturing for years exploded in their faces and now they don't have growth nor profits anymore.
- sirpunch 3y agoYou could say the same thing about every big company. Apple has headwinds from sales in China and US-China trade wars, Tesla is trailing BYD and seeing declining EV demand, and so on. Every large company has something or the other going on. But I find it funny that every new project from Apple is reminiscent of iPhone 1 while it's the Yahoo path for everything from Meta.
- kristopolous 3y agoAnd AOL's stock had a 500% return in the 2010s... Yahoo had 300%. Are you saying people like Facebook's new features like the suggested posts and what they've done to Instagram? Was their VR product line secretly a success? These things eventually catch up. There's also a number of fairly bad bets they've made, such as the $1 bln kustomer acquisition they spun out at a 75% loss after a year https://techcrunch.com/2023/05/16/kustomer-meta-spin-out/ https://techcrunch.com/2023/05/16/kustomer-meta-spin-out/ They have enough capital and trust to stumble around for a while but they sure look like they're yahooing
- deleted 3y ago[deleted]
- ahoka 3y agoBy dumping over-engineered crap nobody actually needs while becoming the Nestle of software companies?
- ysofunny 3y agoall because they aren't in the data-center cloud provider business
- yedava 3y agoFacebook is also one of pioneers in making mass surveillance the norm. The promise of technology has been used to prey on society.
- paxys 3y agoFunny how people "hate" them yet they have 4 billion active users and generate $135 billion in annual revenue. A better explanation is that outside of the HN bubble Meta's product offerings are insanely popular.
- yedava 3y agoAt one time cigarettes were also as popular as Meta's products.
- paxys 3y agoSo were toothpaste and laundry detergent and diapers, and demand for those hasn't exactly gone away.
- yedava 3y agoWhen you buy diapers you are paying for the manufacturing cost and the profit margin. When you use Meta's products, what are you paying for? That's what makes them closer to cigarettes. Tobacco companies sold a lie to their customers. Meta too sells the lie that its products are paid for by ads. Its products are paid for by surveilling users, building behavioral profiles from the data that is collected, and then giving other companies access to that behavioral data in order to manipulate users to specific ends. In this quest to build better behavioral profiles, the products are made to be as addictive as possible, eating away people's time which could have been utilized in objectively better ways.
- ynx 3y agoYou're only minorly wrong in that they don't sell access to the behavioral data [1] , but you do realize that you sound absolutely unhinged about it, right? Is HN surveilling my post because I typed here and pressed the 'reply' button? I've never convinced someone of flaws in ethics by framing the perpetrator as a big bad boogeyman to the nth degree. It's unproductive self-satisfaction. [1] They sell visibility to people queried against proprietary behavioral data.