this post was submitted on 15 Jul 2023
2494 points (97.9% liked)

Technology

59577 readers
2902 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
2494
Advertising revenue in Twitter crashes by 50% (lemmy.world)
submitted 1 year ago by ghariksforge@lemmy.world to c/technology@lemmy.world
433 comments fedilink hide all child comments
 

nuff said

you are viewing a single comment's thread
view the rest of the comments
[โ€“] gapbetweenus@feddit.de 1 points 1 year ago (1 children)

If your business relies on the size of your userbase than those things are quite related. Again, not a coincidence that while facebook is stagnating meta is desperately trying to force vr.

[โ€“] RidcullyTheBrown@lemmy.world 1 points 1 year ago

It's doing double digit billions in profit every year. Both Facebook and Meta. They're actually doing quite all right even with the VR fiasco.

And even iftheir only possible growth vector was user count(which it isn't), they have close to 3 billion active users monthly with over 2 billion people using Facebook daily. It is impossible to grow. There are no more people.