Meta is heavily in the social media game to generate clicks and ad revenue.

However these operations seem to hinge on being as unethical as possible to sustain income generation.

Constant revelations about how they amplify right wing rhetorics in the united states, inflaming political tensions, curating unhealthy social media feeds for younger users resulting in body image issues and even suicide. Now a report revealed that research done internally showed that users who stopped using social media had better mental health (relieved depression symptoms etc.) and was subsequently suppressed likely as an attempt to not reflect badly on the company.

Social media is absolutely unhealthy for users at large, both being a low value time sink, and being manipulated by an arbitrary algorithm to get you hooked. Best to live your life as is, get some workout in, think about making money from investing, in short... Touch more grass, get to living life!

So no, I don't fancy Meta's chances. Everyone and their grandma wants to make the next big AI thing, AI model, AI chip, AI robot. Seems Meta is desperately splashing the cash to play catch up, cash that was built off their user's suffering...

# META Cuts Metaverse Budget: Can it Close Its Earnings Gap?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet