META MAKING A COMEBACK? | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 • 2K Ratings
🗓️ 1 April 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | I say, |
| 0:05.0 | Mark Zuckerberg is brilliant. |
| 0:10.0 | So people say a trap he's not brilliant, |
| 0:12.0 | he's just following what eelan mus did that's cool |
| 0:16.3 | But when you're when you do something and he's gonna make more money off it than eelon me |
| 0:20.8 | That's brilliant. Watch this. Everybody said Facebook dead. Facebook dead. |
| 0:26.6 | Facebook dead. Facebook dead. Facebook dead. I said Facebook can't be dead because |
| 0:30.6 | they got zero dead. That's one. It can't be dead because they got zero |
| 0:37.2 | debt. So there's nothing that's dragging them down. He gotta adjust. |
| 0:40.0 | There's a difference between the damage stock and the damage company. They definitely was a damage stock, but it was a company in a blender. |
| 0:45.4 | Cool. They lost revenue. They lost, they lost a lot of revenue. |
| 0:50.3 | They lost 2 million users. So they minus 2 million users. They lost |
| 0:58.4 | billions in revenue and they lost 2 million users. |
| 1:04.0 | 100% agree to that. |
| 1:08.0 | But watch this, add revenue positive. |
| 1:12.0 | So the average revenue still had |
| 1:15.4 | positive money on it. The ad revenue still brung in positive money. So Mark had to |
| 1:21.8 | adjust. What did he do? First thing he did, cut metaverse spending. |
| 1:28.0 | Second thing, added a I. Added AI component. |
| 1:36.5 | Third thing he did, fired 19,000 people. |
| 1:44.0 | All of these things added what? |
| 1:48.0 | Bottom line. |
... |
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