this post was submitted on 09 May 2026
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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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[–] canniest_tod@lemmy.world 7 points 1 hour ago (1 children)

Is "dying" the right word? They're struggling, but I won't be surprised if this administration or the next bails Meta out, since fb and insta are essentially public services for a lot of people, as much as I hate that. The smart thing for the fed government to do is to nationalize Meta's platforms.

[–] Blackmist@feddit.uk 9 points 1 hour ago

They're not public services. They're hostile psy-ops around the world, helping destabilise other governments.

It's high time other countries just outright blocked that cesspool, and Twitter while they're at it.

[–] auzy1@lemmy.world 4 points 1 hour ago

Problem is, it's been overrun by rage bait for clicks and vocal extremists.

It's weird watching people think their opinion is popular because a handful of people are shouting it everywhere on Facebook.

It's no longer fun, and there is no way to force only posts by people you know. So all the racist garbage gets lots of engagement and is also added to your feed

[–] Yliaster@lemmy.world 15 points 6 hours ago (1 children)

3.58 to 3.56 billion isn't really significant because in the long term these sort of mega corporations can easily recover that many users.

But I like they're getting covered in debt, though idk how far it is from collapse as these numbers don't make much sense to me.

[–] queueBenSis@sh.itjust.works 1 points 1 hour ago (1 children)

the pessimism in me suspects they’ll just get a cushy bailout from the government later. SOCIALIST CAPITALISM - when the government only cares about corporations and not people

[–] Yliaster@lemmy.world 2 points 1 hour ago

That's just capitalism. But yeah, they can just bailout since the concept of separate legal entities means that individual investors aren't held responsible for corporate losses.

[–] melsaskca@lemmy.ca 36 points 8 hours ago (1 children)

When you speak of billions and trillions it's all meaningless bullshit and everything has gotten too far out of hand.

[–] etherphon@piefed.world 13 points 7 hours ago

Yeah, it's wild. I think these numbers are really literally making people into obsessive power hoarders like smaug. All this time and humanity has not yet learned it's not a great idea for any one person to have amassed such wealth and power.

[–] tehn00bi@lemmy.world 24 points 8 hours ago

That’s about 3 billion people too many.

[–] ExLisper@lemmy.curiana.net 42 points 11 hours ago

Company: grows 5% in a year instead of predicted 5.5%

Corporate media: It's dead.

[–] brachiosaurus@mander.xyz 14 points 9 hours ago

This is a nytimes article about meta reaching lemmy all frontpage. It's up to you whatever meta dies or not, stop upvoting their shit.

[–] dgriffith@aussie.zone 35 points 11 hours ago (5 children)

How

the FUCK

can a single datacentre cost

TWENTY SEVEN BILLION

dollars?

[–] ChunkMcHorkle@lemmy.world 40 points 10 hours ago (1 children)

Well, you have the actual, physical cost of the datacenter -- the land, the design, the engineers, the permits, the environmental studies, the lawyers, the construction, etc -- and then you have the cost of removing roadblocks along the way. Especially in Louisiana, if you're not familiar with Huey Long: he's been gone for many decades, but his way of doing business down there hasn't changed a bit.

It's exactly like the East Wing ballroom: there's a private fund that Trump opened specifically for businessmen to contribute that will fund the ballroom construction, which has been open and taking donations since he tore the East Wing down, and there's also the bill before Congress, right now, that will have the ballroom paid for by tax dollars, all of it.

"But," you may ask, and rightly so, "why are private contributions needed to fund a ballroom that will be funded entirely by taxes?" and the answer to that is, "Yes."

One of the sure signs you're in a banana republic is that every palm must be greased on the way to getting legal consent for anything, no matter how small. The US is now no different.

[–] Buddahriffic@lemmy.world 3 points 1 hour ago* (last edited 1 hour ago)

Funny how you use the term "banana republic" to mean "corruption that wasn't in the US" when the situation that coined the term was created by American imperialism in the first place.

Edit: not disagreeing with you btw, just found that specific use of words ironic, given the background.

[–] Stiggyman@ani.social 15 points 11 hours ago
[–] frightful5680@lemmy.world 4 points 9 hours ago

Gimme the money I'm going on a world home building and feeding tour. I'm mansa musa 2.0

[–] brachiosaurus@mander.xyz 2 points 9 hours ago

They have been keeping track of every website you visit for at last two decades

[–] anon_8675309@lemmy.world 2 points 9 hours ago

RAM prices bruh.

/s

[–] arsCynic@piefed.social 27 points 13 hours ago (1 children)

Not dying fast enough. A list of good reasons to quit social media: https://www.arscyni.cc/file/quit_facebook.html.

[–] GreenBeanMachine@lemmy.world 45 points 14 hours ago* (last edited 14 hours ago) (3 children)

That would be nice. But it won't happen. Even if Zuck bankrupts it, some Elon will buy it and nazify it and keep going. All those sheep on insta and facebook are waay to valuable to let go.

[–] Jason2357@lemmy.ca 6 points 8 hours ago

Exactly. It is just a brand in a larger homogeneous surveillance capitalist social media landscape. If they "fail," the brand just gets absorbed into one of the others. If they "win," they absorb brands (like instagram).

[–] lechekaflan@lemmy.world 3 points 9 hours ago

some Elon will buy it and nazify it and keep going

Those Knickerbocker(?) twins and that four-eyes wanting to get even at Zuck.

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[–] Lanske@lemmy.world 14 points 12 hours ago

Left Meta (incl whatsapp) more then a year ago. Haven't missed it for a bit. Quite liberating actually, especially leaving whatsapp was great

[–] skisnow@lemmy.ca 22 points 14 hours ago (2 children)

There's only about eight billion humans in existence. 3.56B daily active users is as close to saturated as you can get.

[–] excral@feddit.org 4 points 7 hours ago

Is Meta even active in China or are they blocked by the CCP? If so you can remove 1.4 billion people from the list of potential users, meaning an even crazier market saturation

[–] Goodlucksil@lemmy.dbzer0.com 20 points 13 hours ago

Don't forget that a lot of them are bots

[–] xylogx@lemmy.world 78 points 17 hours ago (6 children)

Bullshit:

Meta reported for its most recent quarter (Q1 2026, ended March 31, 2026):

  • Revenue: $56.3 billion
  • Net income (profit): $26.8 billion

That was up from:

  • $42.3 billion revenue a year earlier
  • $16.6 billion net income a year earlier
[–] tgf@lemmy.world 51 points 17 hours ago

When an aging business starts to take on water, the quickest, easiest — and most destructive — solution is to make moves that will generate more money now but may cost the company later. And that’s exactly what Meta has started to do. In the first three months of this year, the company started cramming more ads onto its platforms while charging advertisers more. Those choices may have allowed the company to increase its revenue per user by a significant 27 percent in the first quarter of 2026, but they are also likely to further alienate users (and annoy advertisers).

[–] lung@lemmy.world 30 points 17 hours ago

oh no they only have 3.5 billion users how will meta ever survive, their ability to take on debt must mean they are seen as unable to pay debts

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[–] Ilovethebomb@sh.itjust.works 83 points 18 hours ago (8 children)

I've been spending a whole lot less time on Facebook recently, I've deleted the app off my phone, and just check in once a day or so on my computer.

They just don't seem to grasp that I want to see what my friends and family are doing, not meme pages.

[–] U7826391786239@piefed.zip 104 points 17 hours ago (11 children)

it's not that they "don't grasp" what you want, it's that they couldn't care less what you want

the way i was able to eventually delete my account was to sit down and delete everything i'd ever posted, every photo, every comment, etc. makes it easier to just say YES i want to remove this bullshit from my life altogether

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[–] Janx@piefed.social 23 points 14 hours ago

Like the billionaires currently ruining the world: please die faster.

[–] OldQWERTYbastard@lemmy.dbzer0.com 20 points 15 hours ago

I left Facebook after 18 years. It's nothing like what I originally signed up for.

Facebook is nothing but boomers, bots and AI generated click bait. A cesspool of our own creation.

Burn. It. All.

[–] drmoose@lemmy.world 29 points 17 hours ago (10 children)

What a stupid cope.

Meta is simply too big to fail, they can do whatever they like. Name a single big tech company that died in the last 20 years. Hell, even Oracle who make basically nothing of real value is doing incredibly well.

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[–] SunshineJogger@feddit.org 11 points 15 hours ago

At this point I wish for every mega Corp to die before they turn even more into tge cyberpunk dystopia visions of 80s movies.

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