Meta Is Dying. It’s About Time.

2026-05-09 02:43 UTC

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.

Replies (12)

@Ilovethebomb@sh.itjust.works 2026-05-09 02:50

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.

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@just_another_person@lemmy.world 2026-05-09 02:56

Yet none of this will reduce Fuckerberg’s cash pile. We need to take that back.

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@xylogx@lemmy.world 2026-05-09 03:11

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

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@LodeMike@lemmy.today 2026-05-09 03:42

This crash is going to be more like one of those winter storm highway pileups

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@Teppa@lemmy.world 2026-05-09 04:59

Oh dang, it might be time to buy again. The doomers are coming out, saying people care about social justice, privacy, or whatever the flavor of the month is.

Open ##2599079
@OldQWERTYbastard@lemmy.dbzer0.com 2026-05-09 05:12

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.

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@Fizz@lemmy.nz 2026-05-09 05:13

Dont do that, dont give me hope

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@drmoose@lemmy.world 2026-05-09 03:52

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 2026-05-09 05:56

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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@skisnow@lemmy.ca 2026-05-09 06:47

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

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@ExLisper@lemmy.curiana.net 2026-05-09 09:40

Company: grows 5% in a year instead of predicted 5.5% Corporate media: It’s dead.

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@Bullerfar@lemmy.world 2026-05-09 08:30

We need another facebook.

Open ##2624774