This is why I got out of FB/Meta a while ago. I first got on FB in 2009. It connected me to people I hadn't seen in 20+ years. I found my army buds and childhood friends. It was awesome. I used it multiple times a day for hours on end. Then around 2015 I found out that a lot of people I thought were friends as well as family members were actually awful people. Then Cambridge Analytic and algorithms. It became a toxic place and I stopped using it unless I got a notification. I went from close to 1000 friends to less than 80. I use the messenger more than anything. Tried Whatsapp but didn't provide value above preinstalled msg apps already on my phone. Instagram is ok but not great for interacting like FB. I bought Oculus and it was awesome for about a week. And as author said, there is nothing they have that can't be done elsewhere. I won't buy that stock again.
Great summary and I share the same thoughts. Facebook is not financially run for shareholders but for Zucks pet projects. And that can be fine for some shareholders with great amounts of trust to Zuck, it's not for more conservative shareholders.
This is why I got out of FB/Meta a while ago. I first got on FB in 2009. It connected me to people I hadn't seen in 20+ years. I found my army buds and childhood friends. It was awesome. I used it multiple times a day for hours on end. Then around 2015 I found out that a lot of people I thought were friends as well as family members were actually awful people. Then Cambridge Analytic and algorithms. It became a toxic place and I stopped using it unless I got a notification. I went from close to 1000 friends to less than 80. I use the messenger more than anything. Tried Whatsapp but didn't provide value above preinstalled msg apps already on my phone. Instagram is ok but not great for interacting like FB. I bought Oculus and it was awesome for about a week. And as author said, there is nothing they have that can't be done elsewhere. I won't buy that stock again.
Great summary and I share the same thoughts. Facebook is not financially run for shareholders but for Zucks pet projects. And that can be fine for some shareholders with great amounts of trust to Zuck, it's not for more conservative shareholders.