I remember long ago, you could fully hide your profile from ANY type of search. Now you cannot. I also remember long before they started scanning your face, they added an opt-out checkbox, I'm pretty sure this disappeared for a long time. You know that feature where they'd auto-suggest who to tag? Yea, you could bar them from using your face for that, now Facebook has taken a steaming pile of... on your privacy at levels I've never seen them pull before.
Well Meta is reacting to all the costs by just starting to charge for things previously free, like sharing links.
I suspect they are now entering the Earthlink/AOL phase where they squeeze every last dime out of the confused and abandoned senior citizens left on the platform until they die off.
Escaping litigation with a fine is always a good outcome, no matter how large the penalty. Stock price will drop the day governments start regulating these companies or breaking them up.
They beat revenue expectations, and earnings per share was ok, and they guided for even higher revenue next quarter above estimates ofc.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
A good start, yet still far from enough - as long as the punishments are not equal to their revenues generating by these illegal methods , big corporations will never stop exploiting society because to them those fines are just 'the cost of doing business'.
Who predicted it would be New Mexico defending the children of the US while seemingly every other state in the country is bought and paid for by pro surveillance capitalism lobbies?
Hopefully those corrupt politicians are paying attention to the NM model and realize they can get more money by beating all the cash out of Meta like a piñata and then regulate the entire industry like casinos and tobacco, with super high taxes and exclusive for really stupid consenting adults only.
Meta can take the hit by either selling stock, laying of more employees or both to cover that cost.
I suspect they are now entering the Earthlink/AOL phase where they squeeze every last dime out of the confused and abandoned senior citizens left on the platform until they die off.
Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.
But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.
I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.
Hopefully those corrupt politicians are paying attention to the NM model and realize they can get more money by beating all the cash out of Meta like a piñata and then regulate the entire industry like casinos and tobacco, with super high taxes and exclusive for really stupid consenting adults only.