this post was submitted on 09 May 2026
427 points (94.8% liked)

Technology

84478 readers
3564 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 news or articles.
  3. Be excellent to each other!
  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, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
427
Meta Is Dying. It’s About Time. (www.nytimes.com)
submitted 21 hours ago by mysticpickle@lemmy.ca to c/technology@lemmy.world
93 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] wltr@discuss.tchncs.de 11 points 19 hours ago (1 children)

I haven’t been opening it for years, I have half a thousand friends there. Most of which I know personally, so no some internet randos. Maybe it was difficult at first, I don’t really remember. Some people messaged me there, and I haven’t been reading their messages for a very long time, so they assumed I don’t use the platform. I tried this many times in my past, but at some point I succeeded and today opening Facebook once a day sounds like a lot to me.

Because of this, it feels like nobody’s at Facebook. That’s an interesting bubble to be in. I have no idea how many people I personally know are there, but I afraid it still a lot.

[–] Ilovethebomb@sh.itjust.works 5 points 19 hours ago (1 children)

I know a few people who have an account, but never post, and some who don't even have an account.

It seems to be a generational thing, younger people (twenties and younger) just don't seem to use it much at all.

[–] lechekaflan@lemmy.world 4 points 12 hours ago* (last edited 12 hours ago)

Usage also depends on where, as there are some countries whose people have turned Facebook into their own encapsulated version of the Internet, where nearly every service is already embedded and they're using those at maximum.