[testacct22]

A weird thing with this article and others: they shit on Google and Facebook, but they never shit on Apple?

Why? Is Apple just a serious company in comparison? At least, with Apple I get the impression that some of their products (e.g. mbp) are leaps and bounds ahead of the competition. I can't say the same for any Google or Facebook product

[gmerc]

Apple is valued leaps and bounds over the others. For having half the world on Meta, it’s a shit performing business

Apple also does not slaughter golden cows, they execute with long term vision and they slowly agressive with competitors not users.

Also haven’t laid off.

So really, they are in a category of their own.

[HDThoreaun]

Meta makes $30 billion a year. It is not a shit performing business. In fact it is one of the best businesses in history. Their stock bounceback isn't because of the layoffs, it's not because investors were actually worried that meta's business was bad. It was because they worried Mark had gone rogue and since he's the controlling shareholder investors have no way to stop him. The layoffs were just the way for him to signal that he still has investors interest at heart.

[gmerc]

For having half the world on it, it’s a shit performing business.

Ironically that part of the racket - everyone thinks they should be performing better in the future, aka growth. But objectively almost every bet for unlocking money failed (commerce, libra, web3, messenger, motors, real estate, sports, news) - the ones that didn’t were forced on them by Tiktok showing them how it is done.

It’s a badly run business, yes one that has a money printer, but badly run nevertheless

[starbugs]

Apple makes their money from selling products and services rather than selling the user. At least that's the perception. Apple also gets their share of this kind of criticism, but it invites much less of it in this way.

[oersted]

Microsoft could be in the same category. They've both had some pretty bad periods, no doubt, but they have been smart and quite diversified for the last decade at least. Same generation of startups too. There might be some insight in that, what changed?

[starbugs]

I don't agree. Microsoft is obviously transitioning into user selling pretty quickly and apparently with great pleasure. It's on a completely different level than Apple. (To be fair, it's not looking very great there either recently.)

Just one exhibit to underline my point: https://news.ycombinator.com/item?id=34886732

[account-5]

I see this all the time. Not sure why. Personally the way this guy feels about over valuing companies I feel about the way apple over values it's products. But people still buy them though, same as the companies this article talks about the companies market share going up. There's something wrong there