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by Someone1234 1222 days ago
That's a 4.47% decline year-over-year. Stock -15% YOY vs -5% for the SP500.

Unless they pivot soon, they're in deep trouble, with a declining user base (particularly young people) and a consistent loss in ad revenues. One big problem Meta has is they went "all in" on a VR bet, that isn't working.
5 comments
rvz 1222 days ago
"deep trouble"

In 'deep trouble' with 2 billion daily active users on each platform: Facebook, Instagram and WhatsApp, resulting in the stock doubling in less than 3 months of screaming about the chorus of the end of times for Meta.

I guess betting against HN is somewhat a profitable move when everyone was scared to buy the stock at $88.

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jaapbadlands 1222 days ago
What makes you say "isn't working"? VR and the Metaverse are long term bets, they're not meant to be working yet. Far too early to write off as failures.
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drexlspivey 1222 days ago
> with a declining user base

user base is growing 1.75% YoY

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charcircuit 1222 days ago
>with a declining user base

In the last earnings call it was reported that Facebook had just broke 2 billion MAU. The user base is inclining. Meta's family of apps' MAU increased by 4% year over year.

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zeroonetwothree 1222 days ago
Meta Q4 2022 revenue was actually up 2% compared to Q4 2021.

Stock price has little to do with company financial health.

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