Zuckerberg said "macroeconomic downturn" and "increased competition" caused revenue to be much lower than expected.

Apparently he's not aware Facebook is utter garbage and is still destroying societies.

How dumb is Zuckerberg to look at what Elon did and go "good idea!". Did he miss what happened after?

Why are these billionaire tech bros so dumb?

Oh, he's aware

[removed]

[removed]

They're sheep who haven't had an original idea of their own in 10 years. They just gobble up anything vaguely interesting.

Zuck is still trying to make Metaverse happen.

Reddit is still free though! I dumped twitter after being on it since it began and I'll dump Facebook and Instagram too easily enough. Buying food is bad enough knowing that money all goes to billionaires. Giving billionaires more of my money for social media isn't happening.

It’s not going to happen!

>haven't had an original idea of their own in 10 years.

And that timeline may be pretty generous.

I'm glad I don't have account with neither of them.

[removed]

The metaverse losses aren't going to pay for themselves.

For real though, who signs up for this stuff? Is having a checkmark really that important?

Someone forgot to patch the Zuck bot again.

They are going to charge for verification. That doesn't mean they are going to get paid for verification.

Even worse, why would you provide these companies any of your personal ID information for them to store, even encrypted, when they are as leaky as a salad spinner? It's a product made for, and built by, absolute lunatics.

[removed]

Having a checkmark is kind of important. It helps prevent scams. I think Zuckerberg is also using this to further implement KYC on its platform since banking and fintech has always been hovering implementation in the meta ecosystem.

I always felt that that was a huge mistake by Twitter. They sold checkmarks but didn’t deepen identity when it was probably the easiest time ever to convince users to register with KYC on a social network.

KYC btw is Know Your Customer, a process that fintechs and banks go through from a regulatory POV to have users add banking and financial services onto their apps.

You are blaming Facebook but it's the government's fault. They probably want to be out ahead of it.

If the supreme court guts section 230 when it hears google vs gonzales next week, something like this would be necessary for all public-facing posts on all social media. Basically, you won't be able to publicly post without paying because Facebook or whatever will need to review your post with a human to make it isn't libelous, harmful, etc. since they could be sued otherwise. Likewise there are some Republicans and some states that are proposing laws to require age and identity verification to use social media, so you would need to associate something like a driver's license and use facial recognition on your phone to sign in. That will probably cost some amount of money.

[removed]

Ironically them selling these checkmarks will make them near worthless now, the whole prestige was being giving the checkmark by the verification staff.

It costs very little to do and some people will gladly pay for their special stars that make them look special. Just like how good boys and girls got their star stickers for doing their homework in kindergarten.

[removed]

I do see your point, but regardless of regulations, Facebook promotes anger and hatred through it's algorithm for the sole purpose of generating revenue by keeping people engaged. At some point we all have to hold ourselves accountable and this includes FB. I did my part by walking away (deleting) a few years ago. Unfortunately FB won't change their behavior and people won't demand it by closing their accounts. Blaming things on the government is easy.

Smh, it's not about whether you are a blue-check or a non-check, verified or not. Those are just superficial markers. What truly matters are the hashtags you put in your bio.

[removed]

Look what yall did, musk made his playform this way and all you had to do was stop using it. Now social media platforms know they can do this, we could have showed them that we dont approve...

[deleted]

[removed]

This relentless squeeze for money would almost be comical if it wasn’t so pervasive and gross. We’ve got the airlines gauging for you to be able to pick a seat. Streaming companies demanding you verify you’re you on your WiFi. Social media charging to verify. And oh yeah, my gym that distinguishes between which type of Pilates you do, and charges you $30 for an hour’s ass time on a wood plank. Fuck my life. They want every damn dime.

[removed]

[removed]

[removed]

> They want every damn dime.

They don't want some of the money, they don't want most of the money, they want all of the god damned money.

I have a social media account that was going through the verification process, I hit all the criteria they asked for, and then it got put on hold for weeks and eventually rejected.

Coincidentally around the same time that this gets announced. If they think I want it that bad that I’m going to pay for it they can think again.

I applied for it because a number of impersonator accounts had started being made. But a paid for verification system isn’t going to prevent that, just like we saw with Twitter.

I imagine the majority of people that will initially sign up to this will be young teenagers that see it as a way of feeling like a celebrity of sorts.

However, as you say, “once everyone is super, nobody is”.

Yes. Remember that before Elon took over, there were a lot of internet personalities who's go to comeback was that they were verified and thus a somebody, while the person they were arguing with is a nobody.

People still use these platforms?

Eh, I don’t need verification anyway. You either know me or you don’t.

Meanwhile I'm using an alias.

Imagine paying for poor mental health.

[removed]

[deleted]

There's probably a price point I'd pay to stop being Facebook's product and start being their customer....

If it came with things like no ads, more control of my timeline, and maybe a few other things, I'd pay YouTube premium level prices.

Even without, my feed isn't the advertising hellscape I see others complaining about and idk of that's ublock origins work, or the fact that I aggressively blocked over two thousand apps, pages, etc for a few years and now reap the benefits.

> KYC btw is Know Your Customer, a process that fintechs and banks go through from a regulatory POV to have users add banking and financial services onto their apps.

jibberish, dystopian technobabble

[removed]

[removed]

What does Zuckerberg think this is, Twitter?!?

Twitter's locking their text-based MFA behind the paywall lol

[removed]

Also unaware that his VR headsets are fun for an hour or two of video games but utter torture to wear for longer than that.

[removed]

Not really. More post civil rights era policies through the bank secrecy and anti money laundering act in order to maintain a drug war for decades and having to build identification and risk software around that.

But sure complain about tech and its dystopian pornography and get your heroin level dopamine hit rather than being informed in your speech.

or just reread the sentence and realize it's dystopian technobabble, whether it's fact or not. what are you even on about?

That you’re simply an arrogant and lazy idiot.

Really doesn't bode well for Meta to be following the example of Twitter.

So with a small inventment you can get a blue check for your fake-ass propaganda bot.

I feel like we are in the twilight of social media as a useful tool for humanity and moving to an era of super-ai entities that just feed you exactly what the platforms want you to see and spend all of their resources influencing users to believe fake things that benefit moneyed interests.