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461

Meta Is Dying. It’s About Time. (www.nytimes.com)

submitted 1 day ago by mysticpickle@lemmy.ca to c/technology@lemmy.world

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Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.

Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.

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[–] jeena@piefed.jeena.net 8 points 23 hours ago (2 children)

While this is true, to be fair to them your family and friends probably stopped posting years ago.

I wrote about the same frustration a while ago: https://jeena.net/my-facebook-feed

In that article I also mention https://www.facebook.com/?filter=friends&sk=h_chr which only shows posts of your friends which I used for some time as my bookmark for Facebook, but so few people post there that it's just not enough for me to come back regularly.

[–] hitmyspot@aussie.zone 4 points 16 hours ago

Yep, so they fill it with memes and cojtent that isnfrom groups or creators that you dint follow. All in the hope that there is enough content that you dint notice the lack of content from friends and family.

Community groups are where there is engagement now. Sometimes with people you may have a loose connecrion with in real life but often its strangers. Or bots.

[–] wltr@discuss.tchncs.de 1 points 23 hours ago (1 children)

A nice blog you have, I think I’d explore later. I found you had/have a blog in German before (long time ago, I assume). Do you blog in German / Swedish as well? Even if not public. I’m busy deploying my own blog in English, and I thought of trying other languages too. Thought precisely of German and Swedish :) but for me, it would take a very long time, I want to finish my English blog first.

[–] jeena@piefed.jeena.net 4 points 22 hours ago* (last edited 22 hours ago)

Thanks, my old german blog is https://paradies.jeena.net/ but the last post there is from 2012, so I'm not posting in German anymore. I stopped when I moved to Sweden and couldn't share my blog with anyone, that's when I started the new blog in English so that both the Germans and Swedes could at least in theory read it. Sadly I don't have much time for well researched blog posts, so I only seldom post even there, but once in a while I do.

Swedish I never blogged in, even though it would have been good to improve my Swedish writing skills.