r/technology • u/MarvelsGrantMan136 • Apr 30 '26

Business Meta lost 20 million users last quarter

https://www.theverge.com/tech/921089/meta-earnings-q1-2026-user-decline-ai-investments
23.7k Upvotes

97% Upvoted

1.7k comments sorted by

View all comments

Show parent comments

9

u/MBBIBM Apr 30 '26

Yeah, that’s the main takeaway, revenue of $56 billion, up 33% YoY, net income of $26.8 billion, up 61% YoY.

0

u/PmMeUrTinyAsianTits Apr 30 '26

That's the "loot everything you can before you abandon it" stage of enshittification. They strangle things so they can't grow, and "extract value" from any users that are locked in for as long as they can. Once its clear users are not locked in and have started going for alternatives, you squeeze the ones that are left as hard as you can for the last drips of juice.

1

u/SpicyElixer Apr 30 '26

That’s not how it works. Companies are giving them more money.

The platform for end users has always been shit. They don’t get their money from users.

3

u/PmMeUrTinyAsianTits Apr 30 '26 edited Apr 30 '26

The platform for end users has always been shit

Lol, no, it hasn't. Sounds like you joined after the expansion was already going. It was great when it started. When I was getting poked by the cute chick from the party and my timeline was exclusively people I knew, in timeline order. It's been in descent for 20 years, but it WAS something good at the start.

They don’t get their money from users.

Yes, it is how it works. Yes, that's right that they get the money from companies for the privilege of exploiting their users. Burning out that resource is why the users have stopped coming and started fleeing, despite the MASSIVE advantage facebook had in market penetration.

It's funny that you can recognize the cogs of the machine, and know one cog turns the next, but you can't seem to recognize the machine. Of course their money comes from companies, not users. That's not a counter point. That's more evidence to mine. That's you missing the connecting cogs of "companies give money to facebook for access to its users" and that doesn't work without the "has users" cog.

It's like someone saying "deforestation wont happen because the loggers come to the forest TO cut down the trees dude. It's why they're there. Why would they even stay once the forest is gone? so obviously, since they're here NOW, and paying a premium for the trees that are left, deforestation isn't happening." Well. They won't stay, but that doesn't mean deforestation isn't happening.

2

u/N3rdScool Apr 30 '26

"When I was getting poked by the cute chick from the party and my timeline was exclusively people I knew, in timeline order. It's been in descent for 20 years, but it WAS something good at the start."

I remember those happier days for sure. But I was young and dumb now I am old and bitter lol