this post was submitted on 09 May 2026
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Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.

Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.

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[–] plz1@lemmy.world 1 points 6 days ago

OpenAI has entered the chat

[–] Ilovethebomb@sh.itjust.works 99 points 1 week ago (4 children)

I've been spending a whole lot less time on Facebook recently, I've deleted the app off my phone, and just check in once a day or so on my computer.

They just don't seem to grasp that I want to see what my friends and family are doing, not meme pages.

[–] U7826391786239@piefed.zip 119 points 1 week ago (1 children)

it's not that they "don't grasp" what you want, it's that they couldn't care less what you want

the way i was able to eventually delete my account was to sit down and delete everything i'd ever posted, every photo, every comment, etc. makes it easier to just say YES i want to remove this bullshit from my life altogether

[–] voidsignal@lemmy.world 19 points 1 week ago (1 children)

great. and I hope you did the same for whatsapp et instragram

[–] U7826391786239@piefed.zip 29 points 1 week ago (11 children)

fb was the only thing i was using. election '24 gave me the extra motivation to just delete the entire account that was sitting empty anyway. now it's pretty much just piefed/lemmy, and will eventually delete these too

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[–] wltr@discuss.tchncs.de 11 points 1 week ago (1 children)

I haven’t been opening it for years, I have half a thousand friends there. Most of which I know personally, so no some internet randos. Maybe it was difficult at first, I don’t really remember. Some people messaged me there, and I haven’t been reading their messages for a very long time, so they assumed I don’t use the platform. I tried this many times in my past, but at some point I succeeded and today opening Facebook once a day sounds like a lot to me.

Because of this, it feels like nobody’s at Facebook. That’s an interesting bubble to be in. I have no idea how many people I personally know are there, but I afraid it still a lot.

[–] Ilovethebomb@sh.itjust.works 5 points 1 week ago (1 children)

I know a few people who have an account, but never post, and some who don't even have an account.

It seems to be a generational thing, younger people (twenties and younger) just don't seem to use it much at all.

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[–] jeena@piefed.jeena.net 8 points 1 week ago (3 children)

While this is true, to be fair to them your family and friends probably stopped posting years ago.

I wrote about the same frustration a while ago: https://jeena.net/my-facebook-feed

In that article I also mention https://www.facebook.com/?filter=friends&sk=h_chr which only shows posts of your friends which I used for some time as my bookmark for Facebook, but so few people post there that it's just not enough for me to come back regularly.

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[–] xylogx@lemmy.world 82 points 1 week ago (8 children)

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
[–] tgf@lemmy.world 55 points 1 week ago (1 children)

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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[–] lung@lemmy.world 33 points 1 week ago

oh no they only have 3.5 billion users how will meta ever survive, their ability to take on debt must mean they are seen as unable to pay debts

[–] A_norny_mousse@piefed.zip 17 points 1 week ago* (last edited 1 week ago)

I believe the company is at the start of a long, slow decline ... if you look carefully, you can see chinks in the armor

Almost lyrical, free of palpable fact. Well, at least it's labeled "Opinion"

The latest earnings, released on April 29, revealed a dip in user numbers for the first time since it started reporting these figures.

This seems to be what got the author spinning their vision. I'll take it. Here's to hoping 🥂

[–] Eheran@lemmy.world 8 points 1 week ago

You can down vote such bullshit headlines too. It is clear that it is nonsense.

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[–] ExLisper@lemmy.curiana.net 55 points 1 week ago

Company: grows 5% in a year instead of predicted 5.5%

Corporate media: It's dead.

[–] dgriffith@aussie.zone 48 points 1 week ago (6 children)

How

the FUCK

can a single datacentre cost

TWENTY SEVEN BILLION

dollars?

[–] ChunkMcHorkle@lemmy.world 46 points 1 week ago (2 children)

Well, you have the actual, physical cost of the datacenter -- the land, the design, the engineers, the permits, the environmental studies, the lawyers, the construction, etc -- and then you have the cost of removing roadblocks along the way. Especially in Louisiana, if you're not familiar with Huey Long: he's been gone for many decades, but his way of doing business down there hasn't changed a bit.

It's exactly like the East Wing ballroom: there's a private fund that Trump opened specifically for businessmen to contribute that will fund the ballroom construction, which has been open and taking donations since he tore the East Wing down, and there's also the bill before Congress, right now, that will have the ballroom paid for by tax dollars, all of it.

"But," you may ask, and rightly so, "why are private contributions needed to fund a ballroom that will be funded entirely by taxes?" and the answer to that is, "Yes."

One of the sure signs you're in a banana republic is that every palm must be greased on the way to getting legal consent for anything, no matter how small. The US is now no different.

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[–] Stiggyman@ani.social 15 points 1 week ago
[–] frightful5680@lemmy.world 5 points 1 week ago

Gimme the money I'm going on a world home building and feeding tour. I'm mansa musa 2.0

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[–] melsaskca@lemmy.ca 42 points 1 week ago (1 children)

When you speak of billions and trillions it's all meaningless bullshit and everything has gotten too far out of hand.

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[–] drmoose@lemmy.world 31 points 1 week ago (4 children)

What a stupid cope.

Meta is simply too big to fail, they can do whatever they like. Name a single big tech company that died in the last 20 years. Hell, even Oracle who make basically nothing of real value is doing incredibly well.

[–] jacksilver@lemmy.world 13 points 1 week ago (7 children)

Yahoo and MySpace come to mind. Probably could count Nokia and Blackberry, although they were more phone/hardware.

Possibly AOL, but their "death" may have been more than 20 years ago.

And while technically some of those companies "exist" in some capacity today, I don't think we'd consider any of them except Yahoo as anything but a name/brand at this point.

[–] FrostyPolicy@suppo.fi 12 points 1 week ago (1 children)

Nokia is doing just fine. They're mostly focused on networking stuff nowadays. They left the phone business when MS bought it.

[–] jacksilver@lemmy.world 6 points 1 week ago

Yeah, I was kinda considering the phone part a separate business and it definitely died after MS bought them.

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[–] OwOarchist@pawb.social 11 points 1 week ago

Name a single big tech company that died in the last 20 years.

None of them entirely die ... they just become hollow shells of their former selves, sold off to another company to use the IP rights. See: Yahoo.

[–] fullsquare@awful.systems 6 points 1 week ago (1 children)

speaking of oracle, they recently loaded up on debt and got into deals that are all but impossible to fulfill, and in a couple of years their survival will depend on openai making profit. (not revenue) put a pin in it and come back to that in a year or three

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[–] tehn00bi@lemmy.world 29 points 1 week ago

That’s about 3 billion people too many.

[–] arsCynic@piefed.social 28 points 1 week ago (1 children)

Not dying fast enough. A list of good reasons to quit social media: https://www.arscyni.cc/file/quit_facebook.html.

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[–] skisnow@lemmy.ca 24 points 1 week ago (2 children)

There's only about eight billion humans in existence. 3.56B daily active users is as close to saturated as you can get.

[–] Goodlucksil@lemmy.dbzer0.com 23 points 1 week ago (1 children)

Don't forget that a lot of them are bots

[–] Scrollone@feddit.it 1 points 6 days ago

Yes, for example I have 6 bots (i.e. fake users) that are scraping some things every day. They look and behave like real users, so they must count as DAU for them. And I'm just a nobody, so I wonder how many more bots are there.

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[–] Janx@piefed.social 23 points 1 week ago

Like the billionaires currently ruining the world: please die faster.

I left Facebook after 18 years. It's nothing like what I originally signed up for.

Facebook is nothing but boomers, bots and AI generated click bait. A cesspool of our own creation.

Burn. It. All.

[–] just_another_person@lemmy.world 17 points 1 week ago (1 children)

Yet none of this will reduce Fuckerberg's cash pile. We need to take that back.

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[–] Lanske@lemmy.world 16 points 1 week ago

Left Meta (incl whatsapp) more then a year ago. Haven't missed it for a bit. Quite liberating actually, especially leaving whatsapp was great

[–] brachiosaurus@mander.xyz 14 points 1 week ago

This is a nytimes article about meta reaching lemmy all frontpage. It's up to you whatever meta dies or not, stop upvoting their shit.

[–] Tempus_Fugit@lemmy.world 11 points 1 week ago

My only exposure to Meta has been Facebook. I stopped using it regularly in 2019 when I became sick of all the political warfare and tired of losing respect for those I love. I completely deleted my account in 2025 after Zuckercuck started cozying up to Trump. I can only hope folks get sick of it. My friends all mainline FB on the daily and it sucks. So many community groups are run exclusively from FB. Events where FB is the only advertisement. They have a crazy hold on the town square and that's dangerous.

[–] SunshineJogger@feddit.org 11 points 1 week ago

At this point I wish for every mega Corp to die before they turn even more into tge cyberpunk dystopia visions of 80s movies.

[–] farmgineer@nord.pub 9 points 1 week ago

I'll open a bottle of something nice when this happens, along with doing a happy dance, but I think that cork is staying put for now.

[–] Elilol@fedinsfw.app 8 points 1 week ago

they botched their own product. lets stop using it.

[–] Fizz@lemmy.nz 7 points 1 week ago

Dont do that, dont give me hope

[–] Mika@piefed.ca 6 points 1 week ago (3 children)

Declined from 3.58 billion to 3.56 billion, that's practically noting

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