Zuck is blaming the economy, but Meta's real problem is that Apple tightened iOS privacy. Meta had built a business on tracking people, and when iOS tightened privacy, Meta could not target ads as effectively as before.
It is modern corporate style to have CEO's shed tears (sometimes literally) to show that their cold calculations actually have love behind them, but this is all just PR. We should recognize Mark's statement for what it is — standard corporate PR. And we should offer such statements as much respect as standard corporate verbiage deserves and not get into the substance of the statements as there typically is none.
It just seems like a mix of xbox kinect and roblox
maybe zuck is just having a midlife crisis, who knows
It's really not though, nor is it an original one. There are real people with real problems in the world and we've seen over and over that increasingly virtualizing our interactions, with a few exceptions, is a great way of kicking those problems down the road.
I've noticed that users on HN like to use the phrase "eating their lunch" to describe the dynamic between TikTok and Facebook.
It would be interesting to search HN comments from the past 12 months for "eating their lunch" and analyze what proportion of them refer to TikTok.
The thing is, this isn't 2008, not by a long shot. They can keep complaining, but the jobs numbers speak for themselves.
They over-hired low[er] quality employees (by his own admission) when the stock exploded in 2020. Now they'll do anything to avoid official layoffs to save face.
I used to work in user tracking, and it's very easy to track people down to near-unique from several metrics.