4 ms·

Why are Meta quarterly results so special that they always enjoy the front page of HN?

neverokay 2y ago
It’s a trillion dollar company dude. Many people laughed at their 1B ipo valuation. Basically, never ignore these things.
- cmrdporcupine 2y ago
  Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went on about how they would never make money. It's now worth 17 times what I sold at. I also remember around Google's IPO people questioning how they'd ever make money.
  - neverokay 2y ago
    Sucks right? Life gets lifey.
  - kirubakaran 2y ago
    I used to pay a lot of attention to the comments of certain HN users who made well reasoned but (with the clarity of hindsight) mostly doomer predictions about various topics. I wish I hadn't listened to them.
    - epolanski 2y ago
      To be fair if counter arguments put you off it means your own weren't that strong. It's good you have that attitude otherwise it would be gambling.
  - MangoCoffee 2y ago
    i believe FB is a fad at that time. Who knew it make that much money and still going.
    - ilrwbwrkhv 2y ago
      "They trust me, dumb f*cks" - Mark Zuckerberg laughing all the way to the bank.
      - lotsofpulp 2y ago
        People who have a good enough memory to recall the dumb things they thought and said at age 19 also laugh.
  - chasd00 2y ago
    i think i sold my apple stock at $10/share. I also had my finger on the buy button for AIG at around $1/share in the depths of the financial crisis but didn't do it. Now I just stick to code, my 401k, and company RSUs heh.
    - ambicapter 2y ago
      I bought Apple stock 2 years ago and it's been flat since then, with me at a slight loss. So the golden tech stocks aren't always so.
      - deleted 2y ago
        [deleted]
  - adtac 2y ago
    You would've probably sold it when it doubled. Or 4x. If you still hadn't sold it at 17x, you'd probably never sell it, so it's not liquid anyway.
  - mFixman 2y ago
    I read an HN article about Bitcoin in 2011 when it was about $1 per BTC, and mining on AWS was still profitable. I dismissed as a stupid novelty that's not worth the time to set up an AWS instance. Lesson learned: don't listen to HN.
hipadev23 2y ago
FAANG (or whatever the acronym is this week) quarterly results always make front page.
whyenot 2y ago
For the same reason Google's and Apple's results also reach the front page. HN users upvote the posts. Maybe it's because Meta is one of the largest tech companies in the world and for many people their results are interesting news.
whywhywhydude 2y ago
Because it’s one of the biggest tech companies and its results foreshadow earnings for other tech companies. Just look at the after hours price movements of most of the tech stocks.
pie420 2y ago
[flagged]
loeg 2y ago
It's the 6th biggest company in the US.

It’s a trillion dollar company dude. Many people laughed at their 1B ipo valuation. Basically, never ignore these things.

cmrdporcupine 2y ago
Man, I bought some stock a bit after IPO, it dropped a bunch, and I idiotically sold later at a slight loss in 2013 after people all around me constantly went on about how they would never make money. It's now worth 17 times what I sold at. I also remember around Google's IPO people questioning how they'd ever make money.
- neverokay 2y ago
  Sucks right? Life gets lifey.
- kirubakaran 2y ago
  I used to pay a lot of attention to the comments of certain HN users who made well reasoned but (with the clarity of hindsight) mostly doomer predictions about various topics. I wish I hadn't listened to them.
  - epolanski 2y ago
    To be fair if counter arguments put you off it means your own weren't that strong. It's good you have that attitude otherwise it would be gambling.
- MangoCoffee 2y ago
  i believe FB is a fad at that time. Who knew it make that much money and still going.
  - ilrwbwrkhv 2y ago
    "They trust me, dumb f*cks" - Mark Zuckerberg laughing all the way to the bank.
    - lotsofpulp 2y ago
      People who have a good enough memory to recall the dumb things they thought and said at age 19 also laugh.
- chasd00 2y ago
  i think i sold my apple stock at $10/share. I also had my finger on the buy button for AIG at around $1/share in the depths of the financial crisis but didn't do it. Now I just stick to code, my 401k, and company RSUs heh.
  - ambicapter 2y ago
    I bought Apple stock 2 years ago and it's been flat since then, with me at a slight loss. So the golden tech stocks aren't always so.
    - deleted 2y ago
      [deleted]
- adtac 2y ago
  You would've probably sold it when it doubled. Or 4x. If you still hadn't sold it at 17x, you'd probably never sell it, so it's not liquid anyway.
- mFixman 2y ago
  I read an HN article about Bitcoin in 2011 when it was about $1 per BTC, and mining on AWS was still profitable. I dismissed as a stupid novelty that's not worth the time to set up an AWS instance. Lesson learned: don't listen to HN.

hipadev23 2y ago

FAANG (or whatever the acronym is this week) quarterly results always make front page.

whyenot 2y ago

For the same reason Google's and Apple's results also reach the front page. HN users upvote the posts. Maybe it's because Meta is one of the largest tech companies in the world and for many people their results are interesting news.

whywhywhydude 2y ago

Because it’s one of the biggest tech companies and its results foreshadow earnings for other tech companies. Just look at the after hours price movements of most of the tech stocks.

pie420 2y ago

[flagged]

loeg 2y ago

It's the 6th biggest company in the US.