[HN Gopher] Facebook Q4 2020 earnings [pdf]
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Facebook Q4 2020 earnings [pdf]
Author : simonpure
Score : 25 points
Date : 2021-01-27 21:52 UTC (1 hours ago)
(HTM) web link (s21.q4cdn.com)
(TXT) w3m dump (s21.q4cdn.com)
| Darmody wrote:
| Oh, yeah, the publishers leaving Facebook did really affect their
| revenue.
| thewarrior wrote:
| Nobody will be able to tell whether this is sarcasm or not
| without reading the results :P
| Darmody wrote:
| Did my best to make sure you could say if it's sarcasm or
| not.
| Nextgrid wrote:
| Not looking at the results (I couldn't give a shit either
| way), the whole "publishers leaving the platform" was always
| just virtue signalling as opposed to an actual stance they
| took because they did so right in the middle of a pandemic
| when their ads' target market was mostly under lockdown
| staying home and concerned about their own financial position
| thus less likely to spend money.
|
| As I wrote on another forum back in July 2020:
|
| This "boycott" is just about brands saving money during these
| uncertain times (especially considering some of these
| businesses were not sustainable even in a good economic
| climate). If ethics were actually a concern to them they
| wouldn't have given money to that toxic company in the first
| place.
|
| It's also an opportunity for silicon-valley scum to virtue-
| signal about how Black Lives "Matter" to them despite
| exploiting minorities (which often represent a sizable chunk
| of their contracted-out workforce) with low pay, bad working
| conditions, lack of benefits and significant efforts to
| classify them as contractors instead of employees (even when
| such legal battles would cost more than just providing those
| people the benefits they deserve).
|
| Not naming any companies per-se, but I'm sure most of you
| will know which ones I'm talking about. :wink:
|
| Regarding the boycott itself, even if we assume good faith
| (despite having more than enough proof not to), it will do
| little because ultimately it is not hurting the company they
| are targeting; as long as the majority of people stays on
| there it will stay successful. What they could do is not only
| abandon advertising on there but also use their brand power
| to make the company seem "not cool" and stop using it
| completely; big brands still have a significant presence on
| various social media networks (which are all guilty of
| promoting hate), use it as a customer service platform and
| enjoy the conveniences offered by the platforms such as
| social login. Stopping that would reduce the utility of the
| platform for their users and hurt the company they're
| targeting much more than a short-term ad boycott.
| borishn wrote:
| Facebook EPS beats by $0.68, beats on revenue
|
| https://seekingalpha.com/news/3655153-facebook-eps-
| beats-0_6...
| hiq wrote:
| Apparently Facebook went from an effective tax rate of 25% in
| 2019 to 12% in 2020. How did they manage to do that? Or am I
| reading too much into this?
| [deleted]
| vsskanth wrote:
| Probably managed to route some IP through Ireland
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