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Luke James is a freelance writer and journalist.\u00a0 Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.\u00a0 ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-22/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Luke James Social Links Navigation Contributor Luke James is a freelance writer and journalist. Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.
coolitic Considering the ridiculous sums of cash (10s of billions) that were burned in the monetary black-hole that was "the Metaverse" and "Reality Labs"… Perhaps this will finally be the death knell of Meta. Reply
usertests coolitic said: Considering the ridiculous sums of cash (10s of billions) that were burned in the monetary black-hole that was "the Metaverse" and "Reality Labs"… Perhaps this will finally be the death knell of Meta. They blow that money over a couple years, write it off, and continue to make well over $200 billion in advertising revenue as a quiet juggernaut: Meta poised to surpass Google in digital ad revenue for first time, report says Meta is not dying at all, it's thriving. We only think it's at death's door because they look so pathetic. As long as the ad dollars keep rolling in, apparently at a higher rate than even Google which I found shocking, then they can afford ill-advised AI bets. Reply
Marlin1975 Well at least give them credit for admitting they are doing this to fund their "AI" expenditures not AI has made their jobs obsolete. All this money being wasted for this garbage. But hey think of all the value its brought to their stock and top people. /s Reply
SkyBill40 coolitic said: Perhaps this will finally be the death knell of Meta. Not a chance. They are precisely where they are because people are so self absorbed and cannot live without, or imagine a world without, the specter and plague that is "social media." Reply
bit_user usertests said: They blow that money over a couple years, write it off, and continue to make well over $200 billion in advertising revenue as a quiet juggernaut: Meta poised to surpass Google in digital ad revenue for first time, report says Meta is not dying at all, it's thriving. We only think it's at death's door because they look so pathetic. As long as the ad dollars keep rolling in, apparently at a higher rate than even Google which I found shocking, then they can afford ill-advised AI bets. I block all Facebook and Meta domains. Years ago, back when they decided to allow targeted political ads, I decided not to give them another penny of ad revenue. Obviously, one reason I can do that is because I don't actually use their social media networks. Reply
alan.campbell99 I wonder if they lay off too many of the experienced engineers who know what to check in the AI's output which will inevitably contain mistakes or errors. Reply
usertests alan.campbell99 said: I wonder if they lay off too many of the experienced engineers who know what to check in the AI's output which will inevitably contain mistakes or errors. Wasn't there a lot of hype last year about AIs training new versions of themselves and becoming sentient by as early as 2027? Don't worry about it, it's in good hands! Is Meta still releasing open models? Seems like it. Reply
bit_user alan.campbell99 said: I wonder if they lay off too many of the experienced engineers who know what to check in the AI's output which will inevitably contain mistakes or errors. I wonder if most of the layoffs aren't of either Metaverse people (or are they all gone, already?) or content moderation (or other stuff they plan to automate with AI). Not to say there won't be any painful losses. I'm just saying they won't necessarily all come from core operations. Reply
LordVile bit_user said: I block all Facebook and Meta domains. Years ago, back when they decided to allow targeted political ads, I decided not to give them another penny of ad revenue. Obviously, one reason I can do that is because I don't actually use their social media networks. Doesn’t really matter if you do they export their ad platform to other sites and domains. Meta are on this website for example so by visiting this site you are giving meta ad revenue. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/big-tech/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/big-tech/mark-zuckerberg-says-meta-is-cutting-8000-jobs-to-pay-for-ai-infrastructure#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.