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Meta Cancels Development of Health and Messaging-Focused Smartwatch
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Yup. I was a heavy Facebook user back then, especially in utilizing the photo album features. And back then, Facebook was useful in keeping track what friends are posting.
But now, on my news feed, on every other post, there are ad posts and suggested posts (which are mostly spam). It's practically unusable. To find updates of my friends, I have to literally search their name and go to their page one at a time. The feed has become useless.
What Facebook is doing right now is simply buying any potential disruptor while going nowhere. People are converting to Instagram for photo postings, and Facebook then simply bought it. The same story with Whatsapp.
I think when they are deciding to boot out Zuck, he might turn into a Terminator.
Had to spend the money on Meta's children's toys division as well as on their half-assed Second Life imitator
I hope they consulted some actual wheelchair users on that language: “walking” and “running” pace?
I take a certain degree of enjoyment in watching the ZuckerLizard's failures slowly mount up.
I left FB about 2 years ago. I just got sick of it. Primarily for the constant politics. I couldn't post a cat meme without some malcontent saying "I think that cat is the opposite political part as you! Durr. Durr. Durr". There were other reasons I left. Another being I just didn't see the value in giving out THAT much information about where I was and what I was doing to people on the internet.
So what we're witnessing is the slow collapse of both Facebook and Twitter. The whole "social media" thing has just about run its course. This is a benefit to humanity as a whole, and young people in particular.
The death of Facebook began several years ago, but became evident when the name changed to "Meta" and you started hearing corporate buzz words like "Pivot", "paradigm shift" and crap like that.
Twitter died during the last election cycle (Facebook took a hit too). You can't piss off a large portion of your user base and expect to keep rolling in the dough. And IDK what your stripe is, when a large portion of the population blames you for all that is ill with the world, your advertising takes a hit. Revenue takes a hit.
The Metaverse business isn't helping well, Meta. It's New Coke, Windows, Vista, the Edsel, and those potato chips that had no fat but made you poop a LOT all rolled into one.
Excuse me, I have to go listen to some music on my Zune now.
I left FB about 2 years ago. I just got sick of it. Primarily for the constant politics. I couldn't post a cat meme without some malcontent saying "I think that cat is the opposite political part as you! Durr. Durr. Durr". There were other reasons I left. Another being I just didn't see the value in giving out THAT much information about where I was and what I was doing to people on the internet.
So what we're witnessing is the slow collapse of both Facebook and Twitter. The whole "social media" thing has just about run its course. This is a benefit to humanity as a whole, and young people in particular.
The death of Facebook began several years ago, but became evident when the name changed to "Meta" and you started hearing corporate buzz words like "Pivot", "paradigm shift" and crap like that.
Twitter died during the last election cycle (Facebook took a hit too). You can't piss off a large portion of your user base and expect to keep rolling in the dough. And IDK what your stripe is, when a large portion of the population blames you for all that is ill with the world, your advertising takes a hit. Revenue takes a hit.
The Metaverse business isn't helping well, Meta. It's New Coke, Windows, Vista, the Edsel, and those potato chips that had no fat but made you poop a LOT all rolled into one.
Excuse me, I have to go listen to some music on my Zune now.
Which has never worked anywhere in the world at any point in history, so what is the point.
who would have bought it anyways? I would never trust Facebook with my health data.
FB has the largest userbase of any tech company in the world. No need to pivot, just acquire.
Who would want anything with Facebook branding on it? You are a privacy-invasion software company, not a product maker.
Excuse me what? A failure after the other? Bad at scaling? We're talking about one of the biggest companies not only in the US, but in the entire world. Facebook is in the 1%.
In effect, between the Apple Watch and Google's Pixel and FitBit smart watches, there is no more room for another competitor.
The mass layoff is interesting, while I couldn't care less about Facebook's demise (past marketplace which is rather solid) they axed a lot of their R&D. There's lots of smaller entities that are contractors who will be losing a bit of revenue for Q4, as a result.
And so goes Sears, WorldCom, Bear Stearns, Lehman, AIG, etc. The list of corporate hubris goes on and on.
All these companies were considered leaders and the "biggest companies" in their heyday. All are now gone.
It's kinda clear that while FB isn't sunk, the ship is clearly taking on water at an alarming rate. The captain is hoping that by re arranging the deck chairs he can somehow stave off the inflow of bad news.
FB is behind the 8 ball. Its user base is aging at the same time its shrinking like a puddle in the late spring sun.
Advertising revenues are down for multiple reasons. Stacks of cash have been wasted on dead end projects. Employment rolls are swollen with overpaid employees onboarded during better times that really need to go. Faile acquisitions have yielded little fruit.
Ditching this project is small fry. FB needs to cut the fat to the bone to survive the coming economic downturn or else.
If I were a market person, I would be shorting the ever loving crap out of this stock right now.
Only good thing I can ever thing of with insane tracking is needing an alibi
Where were you two days ago at 6:17pm
Hey Zuck, where was I two days ago at 6:17pm
You were at XYZ Restaurant. You ordered blahblah; at 6:43pm, you paid with MC -6464. You left in Make Model Car and arrived home at 7:03pm.....
I am convinced most people don’t care. I believe you and I are in a tiny minority. Our philosophy on the matter is so logical and so fundamental to freedom, it’s hard to comprehend not caring. But most people don’t.
Cue the shareholder rights lawyers and fasten your seatbelts. This could get bumpy.