this post was submitted on 15 Jul 2023
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Advertising revenue in Twitter crashes by 50% (lemmy.world)
submitted 1 year ago by ghariksforge to c/technology
392 comments fedilink hide all child comments
 

nuff said

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[โ€“] [email protected] 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 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.