Hacker News Reader

Comment by siquick | Hacker News Reader

I know it’s because of profitability but it still blows my mind that Meta, which has pretty much single-handedly damaged the global psyche, is valued at almost 6x a company that launches rockets into space.

View on HN

At this moment, the company that launches rockets into space is planning to gain the majority of its income by providing high-speed Internet access… so customers can access communications services like Meta.

Not just that, more rockets and mass to space than most spacefaring countries. With more every year.

It is not that mind blowing if we are talking about “evaluation” How many people care launching a satellite tomorrow more than chatting with a girl/man on Facebook? I think it is quite obvious.

Come on. Damaged global psyche? Seems a bit hyperbolic and unsupported by evidence.

The addressable market of rockets is considerably smaller than the addressable market selling ads... So there you go.

There is a growing body of evidence that high levels of engagement with social media is linked with an increase in risks for multiple types of psychological ailments.

Singling out Facebook is a tad unfair and causality still needs proving, but I don't think it can be called either hyperbolic or unsupported.

Any web search for 'social media mental health study' will provide as much evidence as one could possibly expect for that statement.

Reply on news.ycombinator.com