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.

(page 3) 26 comments
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[–] hubobes@piefed.europe.pub 2 points 1 week ago

Maybe in some countries but some countries are heavy facebook users. I have family in south eastern Asia. Facebook is basically the internet over there.

[–] A_norny_mousse@piefed.zip 2 points 1 week ago

🎉 🎶 Am Taaag als Facebook endlich starb 🎶 Und alle Gläser klangen 🎶 🎉

[–] LodeMike@lemmy.today 1 points 1 week ago

This crash is going to be more like one of those winter storm highway pileups

[–] violentfart@lemmy.world 0 points 1 week ago

A great opportunity to pivot to using their vast resources to help save the world.

They have all this data that fucks people up, should be easy to just do the opposite.

[–] Teppa@lemmy.world -1 points 1 week ago* (last edited 1 week ago)

Oh dang, it might be time to buy the stock again. The doomers are coming out, saying people care about social justice, privacy, or whatever the flavor of the month is.

The stock basically doubled revenue in 4 years. People dont care about things, this is an echochamber.

[–] Bullerfar@lemmy.world -1 points 1 week ago (3 children)
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