Results look good to me, EPS about double yoy, reality labs still losing billions. Stock down 12% after hours though so I must be missing something I guess
It's so weird to me. My Facebook feed is dead, no one posts anymore. The last weeks they spam me with notifications about nothing to get me back in and creating fake engagement. "Peter you added as a friend in high school but have never spoken to since or ever interacted with on the platform commented on a meme page, check it out".
Facebook is just groups and marketplace, sprinkled with some ads, at least for my age group and area. But groups are very active, especially neighbourhood ones, where I get my hyper local news basically.
I stopped looking at facebook a month or two ago because it suddenly became 99% spam "suggestions" from people I've never heard of before. Complete turn off. I might peek once in a while to see if it's been unfucked, but I have zero interest until it is.
Revenue down from last quarter but q4 is usually good for adtech I think. Next quarters guidance seems decent to me but I guess market was expecting more. q1 2023 was definitely a bit of a low point for meta so the yoy stats might be a bit misleading but hard for me to be upset about anything here. Ad impressions up 20% again somehow lmao
I genuinely want to know how much of the ad revenue comes right from Elon.
Nearly every ad lately is either Tesla, or weird fan groups like "Elon musk highest iq to ever live" and someone has built a massive network of bots for "Elon musk sexiest man alive".