Post #2592507
2026-05-09 03:11 UTC
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
Replies (2)
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@tgf@lemmy.world 2026-05-09 03:31
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).
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@somethingsnappy@lemmy.world 2026-05-09 06:28
When you don’t understand how full accounting works.